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15/01/2015 06:57 AST
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.
logoTCX 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.
Leap Rate
US Dollar | 1.00 |
Saudi Riyal | 3.75 |
Derham Emirati | 3.67 |
Qatari Riyal | 3.65 |
Kuwaiti Dinar | 0.30 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Euro | 0.81 |
British Pound | 0.71 |
Japanese Yen | 104.70 |
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