Data and Database Management Software
Software manages weather derivative contracts and portfolios.
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Press Release Summary:
Climetrix® v5.1 weather derivatives trading and portfolio risk management system provides automated, direct link between Climetrix and 2 other sources of over-the-counter (OTC) weather market data: TFS White Board and YellowJacket Software's YJ Weather. It can also automatically identify most valuable OTC trades available in market. While minimizing deal entry for traders, software provides integrated access to all necessary data, pricing tools, and portfolio management capabilities.
Original Press Release:
Climetrix® Weather Derivative System Launches Seamless Integration with TFS White Board and YellowJacket Software's YJ Weather
NEWARK, Calif., July 17 -- 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(R) 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: 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.
About RMS
Risk Management Solutions is the world's leading provider of products and services for catastrophe risk management. More than 400 leading insurers, reinsurers, trading companies, and other financial institutions rely on RMS models to quantify, manage, and transfer risk. Founded at Stanford University in 1988, RMS serves clients today from offices in the U.S., Europe, and Japan. For more information, visit our web site at www.rms.com/ .
About TFS
Founded in 1985, TFS is a market leader in the brokering of financial and non-financial products. With offices worldwide, the Company covers currency options, equity and property derivatives, freight, precious metals, energy and pulp & paper markets. TFS Energy brokers a full spectrum of OTC energy and energy-related physical and derivative products, including electricity, natural gas, crude oil and refined products, coal, environmental products, weather derivatives, and exchange-traded futures and options. In the prestigious Energy Risk awards, TFS was voted "The Best broker of Weather Derivatives" in 2006. In Energy Risk's annual commodity rankings, TFS was ranked in 36 categories with nine No. 1 places, including first in U.S. and European weather. In Commodities Now rankings, TFS was awarded 'The Energy Broker of the Year' for 2005. In Environmental Finance's 2005 survey, TFS was voted as "The Best Broker of the Year in Weather Derivatives: North America, Europe and Asia." TFS is a subsidiary of Compagnie Financiere Tradition (CFT), one of the world's top three inter-dealer brokers in financial and commodity-related products with a presence in 19 countries and 2,200 employees. CFT is listed on the Swiss Exchange (Symbol: CFT). For further information, please visit tfsenergy.com/ .
About YellowJacket
YellowJacket Software, Inc. (YJS) provides a managed communication and market data service that delivers improved efficiency to the weather and energy derivatives markets by reducing trading, price verification and compliance costs. Since 2004, YJS has fostered weather derivatives market liquidity by helping dealers more quickly spot, evaluate and negotiate trading opportunities and by providing brokers with tools to facilitate more transactions. YJS supports regulatory compliance requirements and integrates with third party content monitoring and archiving solutions. YJS clients include broker/dealers, utilities, hedge funds and institutional investors. For more information, visit www.yellowjacketsoftware.com/ .
Climetrix and RMS are registered trademarks, and the RMS logo is a trademark of Risk Management Solutions, Inc. All other trademarks are property of their respective owners.
