You can have a contract in snowfall, wind speed, sunshine duration, instantaneous temperature. We can trade any measurement that is available in an objective fashion.
More Quotes from Bradley Hoggatt:
The current global market for weather products is estimated at over 16 billion, while the potential market in the U.S. alone is estimated at 150-350 billion.Bradley Hoggatt
The energy companies still command the majority of the weather market, though we are seeing more agricultural interests and those on the entertainment and construction side coming forth.
Bradley Hoggatt
Weather is now beginning trade more like a commodity. There is real money to be made in weather space.
Bradley Hoggatt
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