HuRLOs re-launched for 2009 hurricane season
After a trial launch at the end of the last year's hurricane season, Weather Risk Solutions (WRS) has introduced a set of Hurricane Risk Landfall Options (HuRLOs) for the 2009 season.
Allowing users to hedge against the financial risks of hurricane landfalls, the products are structured as call options on whether and where a hurricane will make first landfall on the US Atlantic and Gulf coasts. They will be available for trading on WRS's internet-based electronic trading platform and all transactions will be cleared by CME Clearing.
First introduced in October 2008, the re-launch involves a number of new features including storm tracking analysis tools, an easier account
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