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CME Group, the world's leading derivatives marketplace, today announced plans to launch financially-settled Wind Power futures and options in the fourth quarter, pending regulatory review. These new tools will help market participants manage risk associated with wind power generation, extending CME Group's suite of market-leading energy products.
This is a major step forward for renewable energy markets.
For the first time, traders, utilities and renewable energy operators will have a standardized, exchange-cleared way to manage the financial impact of fluctuating wind generation across major power markets in Germany, the UK, Australia and Texas.
The contracts will settle against independent, rigorously modeled Xweather indices—turning one of the energy market’s most consequential variables into a risk that can be measured and managed.
We’re proud to expand our partnership with CME Group and help build the next generation of weather-driven financial markets.
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