Thursday, March 15, 2007

UPDATE 1-U.S. traders eye bidding war for Chicago exchange [Reuters.com]
Intercontinental Exchange Inc. (ICE) put in a bid for the Chicago Board of Trade, slightly over 9% of the price offered by the Chicago Mercantile Exchange.

Wednesday, March 14, 2007

chicago mercantile exchange to offer futures contracts for the weather

right now they offer contracts on the temperature in various cities, measured in degrees above or below average temperatures. these contracts are used to predict energy demand.

"Monday also marks the launch of CME's hurricane index futures, and options on futures, which will allow insurers and others to hedge risk against hurricane damage."