CME created a weather derivative market which enables those businesses that could be adversely affected by unanticipated temperature swing or unusually high snowfall, to transfer this risk. It is estimated that nearly 30 percent of the U.S. economy is directly affected by the weather. As a result, the earnings of businesses can be adversely impacted by summers that are hotter than normal or winters that are much colder than anticipated. Just as professionals regularly use futures and options to hedge their risk in interest rates, equities and foreign exchange, now there are tools available for the management of risk from extreme movements of temperature. This sector of hedging and risk management products represents today's fastest growing derivative market.

For real-time CME Weather quotes, click here.

To view intra-day block trading, click here.

For CME Weather Option quotes, click here.