CME (CME) is planning to introduce wind derivatives linked to markets in the US, Europe and Australia as renewable energy generation expands, Bloomberg reported Thursday, citing a person familiar with the matter.
The proposed contracts would cover the Texas power grid, the UK and Germany, and Australia's Victoria state, with a launch potentially occurring in the coming months, according to the report.
The contracts would be settled using independent datasets that model theoretical wind power generation, potentially supplied by Finland-based Vaisala, Bloomberg added.
CME did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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