RMS adds new European and US temperature data
Risk Management Solutions (RMS), a California-based provider of software for the management of natural hazard risks, has expanded the number of weather databases in its Climetrix weather derivatives trading and risk management system in Europe and the United States.
In the United States, RMS has added supplemental databases of cleaned historical data for 200 stations, doubling the number available on Climetrix to 400. The aim is to provide end-users with a much higher density of locations within the country when they are structuring deals.
RMS now pulls weather data from a total of 500 stations around the world, the company said.
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