We are proud to announce we have partnered with the CME Group, Nasdaq, Veles Water and WestWater Research to promote the CME’s new ‘Nasdaq Veles California Water Index’ futures contracts.
These new water futures contracts offer a solution to hedge and speculate in the scarcity of water in the largest water market in the U.S.
The small contract size and margin requirement, currently $1,100*, allow for easy access to manage water price exposure. Trade on-screen five days a week or negotiate bilateral block trades anytime.
About the NQH20 Index: Reflecting water prices…
The Nasdaq Veles California Water Index (ticker symbol: NQH2O) tracks the price of water rights leases and sales transactions across the five largest and most actively traded regions in California. Water entitlement transactions from the surface water market and four adjudicated groundwater basins ‒ the Central Basin, the Chino Basin, the Main San Gabriel Basin, and the Mojave Basin Alto Subarea are included in the index. The value of the index reflects the volume-weighted average price of water, at the source, excluding conveyance costs and water losses in the underlying markets after adjusting for idiosyncratic pricing factors specific to each of the eligible markets and transaction types. NQH20 is valued in US dollars per acre foot (the volume of water required to cover one acre of land (43,560 square feet) to a depth of one foot, equivalent to 325,851 gallons).
Access the Nasdaq Veles California Water Index futures fact card at: https://www.cmegroup.com/trading/equity-index/files/nasdaq-veles-california-water-index-fact-card.pdf
Check out this Introduction to the Nasdaq Veles California Water Index futures contract…
To get started trading this new futures product; I invite you to open your trading account today…
Best Wishes,
Joe Fallico
Principal Futures Broker
Series 3 & Series 30 Registered
Phone: 1-847-379-5000 ext. 101
Toll Free: 1-866-892-2030ext. 101
Insignia Futures & Options, Inc.
* Required disclaimer:
Margin requirments are subject to change without notice.
There is a risk of loss in futures trading. Past performance is not necessarily indicative of future results. The use of a stop loss order may not necessarily limit your loss to the intended amount. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
