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PartyBullshiit
March, 2024

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You can now invest in snow (stock market)

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factory81
Posts: 3967 - Karma: 63
http://www.artemis.bm/blog/2009/10/28/cme-group-planning-new-locations-for-snowfall-weather-futures-and-options/

The Chicago Mercantile Exchange (CME) has issued a press release announcing their intention to widen the scope of snowfall futures and options which can be traded on the exchange. Four new locations will be added for monthly and seasonal snowfall futures and options while new Snowfall Index Binary Options Contracts are to be launched for the first time. The new locations and index options are scheduled to be made available on December 7th.

I saw this a long time ago and thought NSG might get a smirk out of it.
Jan 27 2010 9:08AM
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Jodi
Posts: 4215 - Karma: 745
This is meant for snow removal operators and industry to determine whether to bid on contracts for the year, or rely on pay as you go snow removal service....
Jan 27 2010 9:16AM
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Dustin.
Posts: 13839 - Karma: 7,704
Did you really expect him to READ all that?
Jan 27 2010 10:50AM
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Jodi
Posts: 4215 - Karma: 745
this is true. but a mere glance over could have revealed this. nothing to do with the ski industry, but a great idea none-the-less for the actual purpose.
Jan 27 2010 10:53AM
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Slinger1x1
Posts: 8853 - Karma: 65
you ruined the fun... i thought it was going to be like gambling on the amount of snow we get or something...
Jan 27 2010 2:35PM
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