Nymex to list catastrophe risk futures contracts
The three annual contracts are defined by area: nationwide, Texas to Maine and in Florida. They will be listed for loss-years 2007, 2008 and 2009, with each being listed as a December contract for those loss years.
The contracts will be traded both electronically and through open outcry on the Chicago Mercantile Exchange’s Globex electronic platform and the Nymex floor respectively. Electronic trading will begin on March 4 for trade date March 5, with floor trading to commence one day later.
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