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.
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Some College Finals Delayed After Canvas Online Platform Hacked 
Worst Start to Wildfire Season Raises Alarm as El NiƱo Threatens 
Progressive Insurance Helps First-Time Homebuyers With Down Payments 
