As energy traders know, small changes in forecast model runs have the potential to significantly move the natural gas and electricity trading markets. Accurately anticipating changes in weather patterns before the models come out is essential to succeed in these markets.
Following years of research, WSI has engineered a breakthrough technique that provides early insight into expected model changes up to two hours before new model runs come out. This new technique is the foundation of WSI MarketFirst™, an innovative product from WSI that effectively delivers a “forecast of a forecast” of the Global Forecasting System (GFS) and European Centre for Medium-Range Weather Forecasts (ECMWF) models before they are publicly issued.
WSI MarketFirst provides energy trading professionals with the advanced notification they need to make critical decisions before the rest of the market. Available via email and a secure, password protected website, WSI MarketFirst displays eye-catching, color coded graphics detailing WSI’s predicted confidence for the forecast period, the forecasted difference between the previous and upcoming model runs, immediate forecast verification, and expert text commentary all on one screen.
WSI Tropical MarketFirst™
WSI Tropical MarketFirst™ provides traders with exclusive access to potentially volatile tropical forecasts hours before they are released to the general market. Based on WSI MarketFirst’s proprietary, patent-pending technique that predicts the forecast of future weather models, WSI Tropical MarketFirst generates a unique prediction of the 12Z Global Forecast System’s (GFS) track forecast for existing named tropical systems in the Gulf of Mexico and Atlantic Basin.
WSI forecasts the track of each named tropical system out to 16 days (or until the forecasted landfall occurs). It also displays a cone of uncertainty surrounding each forecast track. WSI Tropical MarketFirst predicts the direction of change of the 12Z track relative to the 00Z GFS track correctly up to 75% of the time. Distributed to customers two hours before the actual 12Z GFS run, WSI Tropical MarketFirst gives traders the jump on anticipating changes in the market due to tropical activity.