Parametric Trading
Last updated
Last updated
The trading panels for parametric trading are similar in functionality to those for temperature products.
The trader can choose among which landfall or parametric regions to create positions in similar to the various cities in temperature trading. If there are no active storms at the time, the trading panel will not open.
Once a landfall or area is triggered, the respective market will lock to 100. Traders must then close out their positions in that market. Is positions are not closed out after a storm has passed, the trader will be unable to place any additional trades in any market until the affected positions are closed.
