HedgeStreet taking a new look at risk

HedgeStreet is moving forward with plans to launch its futures exchange with promises of "revolutionary" risk contracts.

Officials at the Portola Valley, California-based HedgeStreet confirmed that they are still planning to launch the new market, but declined to comment on its plans. HedgeStreet is intriguing because it states on its website it is "creating the first electronic financial trading platform that allows for the hedging of a vast range of everyday risks that cannot be...