Longitude Inc. entered into a strategic relationship with Capital Risk LLC for the development of weather risk management products using Longitude’s Parimutuel Digital Call Auction(TM) (PDCA(TM)) technology.
PDCA technology provides new derivatives and risk management products to its customers without assuming the market risks customarily associated with the facilitation of risk transfer.
Stuart Mercer, CEO at Capital Risk, commented that Longitude’s PDCA technology is an ideal solution for the weather markets. Mercer noted that lack of liquidity has limited the development of weather derivatives, and the company sees enormous potential for PDCA technology to address the unique needs of weather risk management.
Topics Trends
Was this article valuable?
Here are more articles you may enjoy.
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting 
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation 
CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’ 
