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The Currency Exchange selects Quantifi for counterparty credit risk management for EM currency derivatives

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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 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,” says 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, says: “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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