US 11,869,088 B2
Systems and methods for converting live weather data to weather index for offsetting weather risk
Stephen John Mitchell, Houston, TX (US); and Charles Gabriel Harris, Cambridge, MA (US)
Assigned to Intercontinental Exchange Holdings, Inc., Atlanta, GA (US)
Filed by Intercontinental Exchange Holdings, Inc., Atlanta, GA (US)
Filed on Feb. 22, 2023, as Appl. No. 18/112,793.
Application 18/112,793 is a continuation of application No. 17/872,390, filed on Jul. 25, 2022, granted, now 11,631,139.
Application 17/872,390 is a continuation of application No. 17/186,588, filed on Feb. 26, 2021, granted, now 11,423,484, issued on Aug. 23, 2022.
Claims priority of provisional application 62/982,242, filed on Feb. 27, 2020.
Prior Publication US 2023/0196468 A1, Jun. 22, 2023
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/06 (2012.01); G06Q 50/06 (2012.01); G01W 1/06 (2006.01); G06F 16/29 (2019.01)
CPC G06Q 40/06 (2013.01) [G01W 1/06 (2013.01); G06F 16/29 (2019.01); G06Q 50/06 (2013.01); G01W 2203/00 (2013.01)] 30 Claims
OG exemplary drawing
 
1. A method, the method comprising:
providing a data distribution system in communication with one or more weather data source systems via at least one network, the one or more weather data source systems configured to generate one or more weather data streams;
receiving, by the data distribution system, via at least one user device, a weather index request comprising at least one instrument and a specific geographic location;
selecting, by the data distribution system, a predetermined algorithm among a set of predetermined algorithms corresponding to the at least one instrument in the weather index request, the selected predetermined algorithm comprising a degree day (DD) methodology specific to the at least one instrument;
extracting, by the data distribution system, weather risk indication data among the one or more weather data streams associated with the specific geographic location based on the selected predetermined algorithm corresponding to the at least one instrument;
converting, by the data distribution system, the extracted weather risk indication data into a set of weather index values corresponding to the specific geographic location, based on the selected predetermined algorithm corresponding to the at least one instrument, the selected predetermined algorithm configured to maximize a correlation between the set of weather index values and a consumption value represented by the at least one instrument;
generating, by the data distribution system, a weather index presentation package comprising the set of weather index values for distribution to the at least one user device; and
updating, by the data distribution system, the weather index presentation package concurrent with changes to the weather risk indication data.