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Newark, Calif. – July 17, 2006 – Risk
Management Solutions (RMS), the world’s leading provider of products
and services for the management of natural hazard risk, today
released version 5.1 of its Climetrix® weather derivatives trading
and portfolio risk management system. This release provides an
automated, direct link between Climetrix and the two most important
sources of over-the-counter (OTC) weather market data: TFS White
Board and YellowJacket Software’s YJ Weather. Climetrix version 5.1
also includes expanded option pricing functionality that
automatically identifies the most valuable OTC trades available in
the market.
The features added to version 5.1 provide further examples of how
Climetrix automates processes that add significant value to a
weather trading desk. The new functionality included in Climetrix
5.1 saves traders from performing time-consuming deal entry and also
provides automatic notification of any potentially valuable deals
posted to TFS White Board or YJ Weather.
Jeff Hamlin, director of Weather Risk Solutions at RMS, comments,
“By directly linking Climetrix with the TFS White Board and
YellowJacket’s YJ Weather, our clients can instantly price virtually
all weather contracts quoted in the OTC market. Details of these OTC
markets are automatically loaded into Climetrix and then updated on
a real-time basis so traders can spend less time on deal entry and
more time trading.”
Climetrix version 5.1 also includes expanded option pricing
functionality that instantly calculates the value of any new OTC
market relative to recently traded or recently quoted values. This
new functionality ranks all existing OTC option markets according to
value, allowing clients to focus on the most valuable opportunities
available in the OTC market.
More information about Climetrix can be accessed at:
www.climetrix.com. Climetrix
provides integrated access to all of the data, pricing tools, and
portfolio management capabilities that are needed to participate
successfully in the weather derivatives market.
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