Veles in the News
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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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 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.
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
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 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
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
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.
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,
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
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.”
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.
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.
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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