Risk Management Solutions (RMS), a provider of products and services for the management of natural hazard risk, has released version 5.1 of its Climetrix weather derivatives trading and portfolio risk management system. The product now offers an automated link with two sources of over-the-counter weather market data: TFS White Board and YellowJacket Software's YJ Weather. Climetrix 5.1 also includes expanded option pricing functionality that identifies the most valuable OTC trades available in the market.

The features added to Climetrix supply further examples of how the software automates processes that add value to a weather trading desk. The new functionality 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.

Climetrix version 5.1 has expanded option pricing capability that instantly calculates the value of any new market relative to recently traded or recently quoted values. This feature ranks all existing option markets according to value, allowing clients to focus on the most valuable opportunities available in the market.