IFEX gains traction with $31m in contracts traded
Reinsurance futures exchange IFEX has announced that since trading began at the end of September 2007 it has traded more than 3,100 event-linked futures (ELF) contracts, which is the equivalent of $31m of limit.
The ELF contracts are currently traded for US tropical storm and mirror conventional industry loss warranties in that they are binary deals (ie that either pay in full or not at all) when pre-set PCS
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