Weather index one calls a standardized and continuous recording of weather values such as temperature, amount of precipitation, air humidity, wind velocity and similar weather values.
Weather indices have frequently a similar function as share indices. Thus they place for example the base value for such financial instruments such as options and Futures, which are acted standardized at stock exchanges like Chicago Mercantile Exchange (CME). The weather derivatives acted there, how these instruments are spreading called, refer frequently to the values of a Wetterstation. Of the CME contracts, which read on the average measured monthly weather indices of Wetterstationen as base values in Atlanta, Chicago, Cincinnati, Dallas, the Moines, Vegas, New York, Philadelphia, haven country or Tucson to have been able, are offered.
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