Weather market data supplier

There are a small number of data supply firms that provide weather data and forecasts for the management of specialist weather-based financial products such as weather derivative contracts.

More about weather derivatives at the financial markets station

The weather data supplier we spoke to was a UK based firm that supplied data to a range of clients, including those participating in the weather risk markets.

We spent a day visiting this weather market data supply firm. Whilst we were there we observed the working environment and key data processes, and interviewed two key people: the CEO of the firm and an individual that worked closely with the weather data.

Read the ‘Data journey’, ‘Culture’ and ‘Policy’ pages linked below to find out more. Once you have finished continue to the Financial markets station.

Archival sources

Due to confidentiality reasons no archival sources are available for this section.

Reflection

We’d like you to take a minute to reflect on some of the things you have read in this section.

Some questions to get you started:

• How do the cultural values at this station compare to those of some of the other stations you have explored?

• How do you feel about weather data from places such as Sheffield Weston Park being used in the weather derivative markets?

• Should the Met Office open all its publicly funded data so that the company can use it without having to pay?

• How do you think the flow of data from private weather observation networks as set up by this firm, will differ from the flow of data from public and amateur observation networks?

• Did you notice that there were no photographs, audio or transcripts linked to this station? Why do you think that might be?