The Currency Exchange Selects Quantifi for Counterparty Credit Risk Management for Emerging Market Currencies Derivatives

  • Quantifi delivers sophisticated analytics for emerging market interest rates and FX derivatives
  • Advanced models generate fast, accurate results

LONDON & NEW YORK--()--Quantifi, a specialist provider of analytics, trading and risk management solutions, today announced that The Currency Exchange (TCX) has selected Quantifi for pricing and risk management of counterparty credit risk in emerging market currency and interest rate derivatives. TCX is an innovative financial institution, based in the Netherlands, that combines the strength of the world’s development banks to invest in long-term local currency hedging instruments in frontier market currencies.

TCX acts as a market-maker in currencies and maturities not covered by commercial banks or other providers, notably where there are no offshore markets, no long-term hedging, or, in extreme cases, no markets at all. TCX decided to select Quantifi as it offered a complete solution that could be rapidly implemented to deliver more comprehensive, accurate and transparent pricing and portfolio risk management.

“We chose Quantifi for their superior analytics.” explains Philip Buyskes, Vice President at TCX. “Their advanced models are simple to use and generate fast, accurate results that help price transactions with confidence. Quantifi offers us the ability to comprehensively analyze counterparty credit risk and integrate the results so that we can more effectively risk manage a portfolio of illiquid derivative positions”, continues Philip.

Quantifi delivers cross-asset trading, front-to-back operations, position management, market, credit, counterparty and liquidity risk management, margining, and regulatory reporting all on a single integrated real-time platform. As well as supporting all regulatory and industry practices, Quantifi applies the latest technology innovations to provide new levels of usability, flexibility, and ease of integration. This translates into dramatically lower time to market, lower total cost of ownership and significant improvements in operational efficiency.

Roland Jordan, Head of EMEA Sales at Quantifi, comments, “We are delighted to welcome TCX, our first client in Benelux and another indicator of our growing success in interest rate and FX analytics. Valuation and pricing of credit risk inherent in longer dated interest rate and FX derivatives requires sophisticated pricing methodologies, an area where Quantifi has invested heavily. We look forward to partnering with TCX and positively impacting their business.”

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About Quantifi

Quantifi is a specialist provider of analytics, trading and risk management solutions. Our award-winning suite of integrated pre and post-trade solutions allow market participants to better value, trade and risk manage their exposures and respond more effectively to changing market conditions.

Founded in 2002, Quantifi is trusted by the world’s most sophisticated financial institutions including five of the six largest global banks, two of the three largest asset managers, leading hedge funds, insurance companies, pension funds and other financial institutions across 16 countries.

For further information, please visit www.quantifisolutions.com

About TCX

TCX is a special purpose fund providing market risk management products to its Investors and their clients active in emerging markets. This unique fund focuses on currencies and maturities which are not covered by regular market providers.

Established on 5 September 2007, TCX’s investors now include a predominance of the world’s development banks and multilateral institutions as well as leading microfinance investors and a number of official donor agencies. Its total capital base as at 31 October 2011 is USD 650 million.

For further information, please visit www.tcxfund.com.

Contacts

Quantifi
Sachvir Cheema, +44 (0)207 248 3593
Director of Marketing
or
Lisa David, +1 908-273-9455
Marketing Manager

Contacts

Quantifi
Sachvir Cheema, +44 (0)207 248 3593
Director of Marketing
or
Lisa David, +1 908-273-9455
Marketing Manager