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) will be available for trading Dec. 7, pending regulatory review.
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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
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 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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