How can you manage the risks of a storm making landfall near you using Cantor Exchange's weather markets?
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Here's your chance to protect yourself against the financial impacts of the weather, a new way to manage your weather risk.
TradeWx is a data and technology company that provides weather-related tools and information as well as access to weather trading markets, such as those operated by the Cantor Exchange. These markets include the possibility of purchasing financial protection against the risk of an Atlantic storm making landfall near you or a location that you choose. Other weather-related markets will become available as well.
Because everyone knows about it, and everyone talks about it. Now's your chance to DO something about it! Where will the next hurricane make landfall? Nobody knows, but now Cantor Exchange offers markets that let you protect yourself against the financial impacts of severe weather.
TradeWx allows you to explore the possibilities of purchasing financial protection on the Cantor Exchange weather market specific to the 2016 Atlantic Basin tropical storm season. With the tropical storm season upon us, it's time to get started today!
It's really simple, just choose a location and decide how much protection to buy. Then you're covered!
Participants can take a position based on where the next named Atlantic storm that makes U.S. landfall will land. If the storm makes landfall within 75 miles of the centroid of your selected zip code, you will receive a payout based on the amount of protection you purchased for that location.
Yes! For any landfall near a location you purchased, you will receive a payout. If a landfall occurs that is not near your selected location, you only lose the amount you initially paid. Nothing more.
For example, let's say you purchase $1,000 of protection for whether the next tropical storm will make landfall near Virginia Beach, and let's say you paid a premium of $100 to buy that protection.
Note that you can purchase protection for multiple locations to cover a larger risk area if you wish.
When you make a purchase through the TradeWx website, you are actually participating in a weather trading market operated by Cantor Exchange.
Cantor Futures Exchange, L.P. ("Cantor Exchange"), a subsidiary of Cantor Fitzgerald, is a Designated Contract Market regulated by the Commodity Futures Trading Commission. Cantor Exchange establishes the rules of fair trading, offers the electronic trading platform for matching buyers and sellers, and supervises the trading practices of all participants in the market.
It means your funds are safe! When you deposit funds at the Cantor Exchange, your money is kept in a segregated member property account, completely separate from the Exchange itself.
You can visit the Cantor Exchange website for more information.
Cantor Exchange account opening is a 3-step online process, which usually takes less than 10 minutes to complete. There is no cost or any charge associated with account opening.
The 3 steps for account opening are: