About the Speedwell Weather System, SWS
SWS is the pre-eminent enterprise weather derivative pricing and risk management
system comprising front office pricing tools, middle office risk management
tools and back office.
SWS is a client-server application comprising:
-A full database for warehousing historical weather data, weather data
feeds, forecasts and portfolio information
-The SWS server application
-Multiple user desktop applications. A full permissioning
architecture provides selective access rights to different users.
SWS can be installed internally or can be hosted by us with each client
having a dedicated database.
SWS supports pricing based on numerical integration techniques as well as
actuarial burn. Daily rainfall and temperature simulation engines are also
available. SWS supports the highly complex and trades that are a feature of the
OTC weather risk market with a highly flexible tool that allows the user to
generate compound indexes. Compound indexes can comprise any number of weather
variables, with any weights and with an unlimited level of complexity- including
even compounds on compounds on compounds....
SWS users can declare an unlimited number of pricing models combining different
detrending methods, weather data hierarchies, distributions, leap year
adjustments etc. All calculations available within SWS are available as a
library for use in other applications. SWS handles an unlimited number of
weather risk portfolios. Credit risk, expiry VaR and daily VaR calculations are
supported. Delivery and running of reports can be automatically scheduled.
SWS is an open system:
All data grids can be exported to a spreadsheet.
All SWS components can be used in external applications.
Weather data is easy to import and export.
SWS continues to evolve: in over a decade of development we
have made available 6 major releases and numerous minor releases to our clients.
We are currently completing a major re-write of all code as we move to the MS
Build Vs Buy Considerations
We believe SWS is a compelling alternative to the apparent attractions of
developing a system in-house. If you are considering internal development and
your weather system has not/will not accommodate these considerations, then SWS
may be an expedient alternative:
An Overview of Speedwell Weather System
SWS Back Office Process Flow
SWS Weather Data Format
SWS Index Model
is a web-delivered weather derivative pricing tool based on the same underlying
components as SWS. Ideal for pricing CME weather derivative contracts.
Click here for information in English. Click here for information in German.
Regarding Speedwell Weather Systems please contact: