RMS releases updated Climetrix weather trading system

Climetrix is an internet-based application that provides access to data, pricing tools, and portfolio management capabilities that are needed for structuring weather derivatives.Some of the new features available in Climetrix 4.0 include a user-defined short term VaR metrics for portfolio risk management and a customisable counterparty credit risk report. Cliemtrix is currently used by a variety of weather traders, including Swiss Re. "Climetrix is now used by more than half of the compan