Veles in the News

CME Group Nasdaq
CME Group NasdaqCME Group, the world's leading and most diverse derivatives marketplace, and Nasdaq, a global technology company serving the capital markets and other industries, today announced futures on the Nasdaq Veles California Water Index (NQH20) have begun trading under the ticker H2O

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Bloomberg
BloombergWater joined gold, oil and other commodities traded on Wall Street
Green Queen Media
Green Queen MediaU.S. global markets firm CME Group has launched water futures contracts related to California spot water, a market worth an estimated US$1.1 billion.
Aljazeera America
Aljazeera AmericaFarmers, hedge funds and municipalities alike will be able to hedge against — or bet on — potential water scarcity starting this week, when CME Group Inc. launches contracts linked to the $1.1 billion California spot water market.
News Today
News TodayThe Chicago Mercantile Exchange (CME), the US merchant exchange, and Nasdaq plan to launch trading of the first blue gold-linked futures contract, based on the Nasdaq Veles California Water Index.
Nasdaq
NasdaqWhere market challenges present undue inefficiency and risk, we see an opportunity to bring our expertise to engage participants and drive solutions.
Teucrium
TeucriumTeucrium Commodity Trust has filed a Form S-1, registration statement with the SEC for the Teucrium Water ETF. The Fund’s Shares will reflect the daily changes in the price of the Benchmark Water Futures Contracts which are based on the NQH2O index
CME Group Nasdaq
CME Group NasdaqCME Group to Launch First-Ever Water Futures Based on Nasdaq Veles California Water Index
Barron's
Barron'sInvestors Can Trade All Kinds of Commodities. That Now Includes Water.
Magic Valley
Magic ValleyChicago Merc to trade water futures
Modern Wall Street
Modern Wall StreetBored of Stocks? You Can Now Trade Water
MarketPlace
MarketPlaceWater enters futures market, allowing buyers to lock in prices
Global Ag Investing
Global Ag InvestingThe development of this index by Veles Water’s CEO Lance Coogan and his partners WestWater Research, NASDAQ, and CME Group took years to create.
CNBC TV 18
CNBC TV 18Explained: Why is Chicago Mercantile Exchange trading water?
CNN Business
CNN Business Futures tied to the Nasdaq Veles California Water Index, which measures the volume-weighted average price of water, began trading under the ticker H2O on the Chicago Mercantile Exchange on Monday.
Smart Water Magazine
Smart Water MagazineNasdaq, the second largest electronic and automated stock exchange in the United States, realised the situation, and in 2018 it partnered with Veles Water and WestWater Research to launch the Nasdaq Veles California Water Index (NQH20), the first in the state of California
Entrepreneur
EntrepreneurAccording to CME Group, the company in charge of launching the contracts, this will allow better management of the risk associated with insufficient vital liquid and regulate its supply and demand in the markets
Financial Times
Financial TimesUS regulator welcomes water futures as tool to manage climate risk
MarketWatch
MarketWatchWhy we need water futures
Inside Futures
Inside FuturesWater futures are coming. The CME Group is launching a new water futures contract. The Wall Street Journal says the contract, “will reflect transactions in the market for water in California, which a huge population and vast agricultural lands make America’s thirstiest state.
Raymond James
Raymond JamesVelesWater Launches Worlds First Water Index
Investment Executive
Investment Executive“Water is our most important commodity and until now, there were no financial risk management instruments available in the global financial markets,” said Lance Coogan, CEO of Veles Water,
Raymond James
Raymond JamesWater Scarcity Indicators
Nasdaq
NasdaqThe Nasdaq Veles California Water Index (NQH2O) tracks the spot rate price of water rights for a one year lease in the state of California
Investment Executive
Investment ExecutiveThe Chicago-based derivatives exchange said that it is planning to launch futures contracts based on the Nasdaq Veles California Water Index (NQH2O) in the fourth quarter
The Business Journal
The Business JournalTrading began this week for California water on the Chicago Mercantile Exchange based on prices established by the Nasdaq Veles California Water Index. The futures trading would not result in the actual delivery of water to a buyer, but rather act as a hedge for investors who may want to take a chance on the value of water in the future
National Review
National ReviewToday, the world’s first water-futures contracts begin trading on the Chicago Mercantile Exchange (CME). At last, scarce water, water for future delivery, will be priced.
Quartz News
Quartz News“Basically, it’s a tool to reduce price risk,” says Lance Coogan, CEO of Veles Water. “It brings price transparency and it’s an excellent financial hedge when the underlying price can go up 10 times.”
Market Insider
Market InsiderThe CME Group is set to launch futures contracts tied to the spot price of water for the first time ever this week
The Wall Street Journal
The Wall Street Journal“You have the most important commodity in the world and everything else is listed except the water price,” said Lance Coogan, chief executive of Veles Water Ltd., which created a water-price index to which the futures will be tied.
Traders Magazine
Traders MagazineThe Nasdaq Veles California Water Index helps drive better outcomes for water market participants through verifiable price discovery
Global Water Intelligence
Global Water IntelligenceThe Nasdaq Veles California Water Index (NQH2O) is calculated weekly by applying methodology developed by Veles Water and Nasdaq to trading data collected by WestWater Research. The index tracked 293 transactions between January and August 2018.
Nasdaq
NasdaqNasdaq Launches Worlds First Water Index Along With VelesWater
Water Market Insider
Water Market InsiderThe first of its kind, this index provides a benchmark for the spotmarket price of water rights transacted across the state.
Supply Management
Supply Management “We see the NQH2O as an important first step to understanding water as a commodity, which means a more transparent and accessible marketplace for all” Lance Coogan, CEO of Veles Water

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