SOURCE: Speedwell Weather

Speedwell Weather

Speedwell Weather

March 10, 2010 09:38 ET

Commodity Weather Group and Speedwell Weather Announce an Expanded Alliance

The Incorporation of Speedwell Weather Data Products Into Commodity Weather Group's Subscription Services

WASHINGTON, DC--(Marketwire - March 10, 2010) -  Speedwell Weather Derivatives (SWD), a leader in the provision of data and tools to the weather risk community, and Commodity Weather Group (CWG), the pre-eminent provider of weather forecasts to the commodities markets, today announced the expansion of their strategic alliance. Subscribers to CWG's services will now have access to Speedwell's historical cleaned data and cleaned daily data feeds for a core set of weather stations.

As leaders in their respective business areas, this alliance will offer customers a more comprehensive service by combining Speedwell's expertise in data provision, quality-control, data Recalibration, and provision of tools (www.SpeedwellWeather.com) with CWG's commodity-specific forecast and consulting services (www.commoditywx.com).

"The success of our jointly developed Weighted Degree Day product has demonstrated client demand for combined forecast and data services. The expansion of our relationship brings together two best-in-class services under one subscriber product," said David Whitehead, Speedwell Director of U.S. Operations. 

"We are pleased to have this unique opportunity to benefit our growing client base," said Matt Rogers, President of CWG. "Speedwell is an excellent partner for data and our clients will quickly see why."

Speedwell Weather Derivatives
Founded in 1999 and with offices in the USA and UK, Speedwell Weather Derivatives supplies historical and real-time weather data feeds for thousands of weather reference sites across the globe. SWD has direct data supply agreements with a wide range of national meteorological services and provides a single-point of contact for the provision of official weather data to the energy and weather derivative markets.

SWD provides the Speedwell Weather System, the definitive weather derivative pricing and risk management system. The product of over eight years of continuous development, SWS offers sophisticated pricing tools as well as portfolio management and full back office functionality.

Commodity Weather Group
CWG is fastest-growing consulting group for commodity weather support with special focus on the energy and agriculture areas. Launched in April 2009, the CWG team includes EarthSat veterans David Streit, Ken Wells, Matt Rogers, Joel Widenor, and Jason Setree offering a combined 75 years of experience in the sector. CWG provides a full short, medium, and long range forecast service and offers frequent updates on key market-moving weather events by maintaining high levels of communication with its client base.

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