Can you trade bets on the WEATHER on CME?

Discussion in 'Trading' started by samovar, Apr 16, 2011.

  1. samovar

    samovar

    So I was looking at the margin requirements for E-minis (in the .CVS on this CME Group page) and saw all sorts of odd contracts:

    CME GULF COAST SEA ACUM HURRICANE
    BOSTON LOGAN BINARY STRIP FUT
    DETROIT METRO AIRPT RAINFL MTHLY
    LAS VEGAS WEEKLY AVG TEMP FUTURE

    What the heck are those?
     
  2. samovar

    samovar

    I should mention that I know about Intrade and their "unusual" markets like who's going to win American Idol.

    But the point here is that CME would have weather contracts.
     
  3. orl

    orl

  4. You don't need a weatherman to know which way the wind blows.