With the recent launch of the London based I-WeX.com internet site, European corporates accustomed to hedging against Financial risk should be able to manage another great uncertainty – weather – just as American corporates have been able to do since 1997 through weather derivatives.
I-WeX.com, a collaboration between The London International Financial Futures&Options Exchange (LiVe), Intelligent Financial Systems, and WIRE, is an internet site operated on the basis of open access. This means that I-WeX will allow end-users facing weather risks worldwide to post OTC deals where all the details are specified apart from the price.
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