As Temperatures Tumble in North America, Weather Derivatives Warm Up
One of the more arcane financial innovations quietly continues to change and grow. Unusual atmospheric patterns don’t hurt.
Sarfraz Thind
January 23, 2014
A bull dozer moves piles of snow in the Battery Park City neighborhood of New York, U.S., on Friday, Jan. 3, 2014. Wind-driven snow whipped through New Yorkís streets and piled up in Boston as a fast-moving storm brought near-blizzard conditions to parts of the Northeast, closing roads, grounding flights and shutting schools. Photographer: Jin Lee/Bloomberg
Jin Lee/Bloomberg
