3.3 RealQuotes: An Novel Platform for Energy Analytics

Tuesday, 8 January 2013: 9:00 AM
Room 6A (Austin Convention Center)
Edward Byrns Jr., RenRe Energy Advisors, Ltd, The Woodlands, TX

It is well known that weather is the dominant driving force of many energy and most agricultural markets. For decades, producers, consumers and traders have been collecting and analyzing the relationships between weather patterns and a commodity's supply and demand. All market participants ultimately wish to correlate these relationships to market prices and thus seek to mitigate or capitalize on weather risks.

While these relationships are varied, and many well known, it has been a difficult task to find a reliable analytics on the web. Many market participants keep their models a closely guarded secret, in an attempt to maximize the monetary value of their results. To the contrary, RenRe has taken a different approach, and has developed a platform whereby weather and energy analytics are freely available.

RealQuotes is this novel platform for delivery of these analytics. This is the first tool to combine both information and trading capabilities in a single platform. Model results describing market fundamentals are readily available to the public. For our trading partners, RealQuotes also provides access to risk management products, particularly weather associated risks.

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