Derivatives are financial instruments whose value is derived from one or more underlying assets or securities (e.g., a stock, bond, currency, or index).

Exchange-traded derivatives are listed on exchanges such as the CBOE Global Markets and the New York Mercantile Exchange (NYMEX), and are overseen by the Securities and Exchange Commission (SEC). 3 ...

A weather derivative is a financial instrument used by companies or individuals to hedge against the risk of weather-related losses. They trade over-the-counter (OTC), through brokers, and via an ...