Quantifi, a provider of risk, analytics and trading solutions, today announced it has been positioned as ‘Best-of-Breed’ provider by Chartis for commodity trading risk management.
Chartis, a provider of research and advisory services covering the global markets for risk and compliance technology, recently published a report ‘Commodity Trading Risk Management Systems’ in which it analysed the emerging business and technology trends in the market, and how they are influencing commodity trading firms’ solution requirements. The report uses Chartis’ RiskTech Quadrant® to explain the structure of the vendor landscape and assess how the leading solution providers are responding to these new demands.
“Quantifi has a strong track record in the credit counterparty risk management space. We have been impressed with how it has extended this capability to cover the needs of the agri-trading sector. With Quantifi, all participants involved in the credit decision making and risk management process; from traders and risk management groups to risk committees can use the solution to make credit decisions while managing the associated risk.”Peyman Mestchian, Managing Partner, Chartis
“The commodities markets are at an important crossroads in their evolution. The process of trading, procuring and selling commodities has always been risky and intricate, and it is only becoming more complex over time. Market structures have shifted, and so risk management solutions must change in response,” comments Peyman Mestchian, Managing Partner, Chartis. “Quantifi has a strong track record in the credit counterparty risk management space. We have been impressed with how it has extended this capability to cover the needs of the agri-trading sector. With Quantifi, all participants involved in the credit decision making and risk management process; from traders and risk management groups to risk committees can use the solution to make credit decisions while managing the associated risk.” continues Peyman.
Built on the latest technology, Quantifi’s Commodities Counterparty Risk Management solution is a powerful integrated solution for managing credit and counterparty risk. The solution was developed in collaboration with Bunge, a leading agribusiness and food company that buys, sells, stores and transports oilseeds and grains to customers worldwide. Leveraging Quantifi’s expertise in counterparty risk management technology and Bunge’s extensive industry knowledge, the solution is designed to facilitate optimum business decisions, while managing counterparty risk by implementing quantitative methods and procedures across the enterprise.
“We are delighted to have been recognised by Chartis for our depth of functionality as a commodity trading risk management system,” comments Rohan Douglas, CEO, Quantifi. “In recent years, extended regulatory measures and global economic volatility have triggered huge swings in commodity prices. This has influenced firms to re-examine conventional ways of doing business and adopt a more holistic approach to managing physical, financial and sustainability risk to reduce losses and gain competitive advantage. Sophisticated firms require a solution that incorporates advanced measuring, modelling and analytics. Given our success working with Bunge, a leading agribusiness, we are seeing considerable demand for our Commodities Counterparty Risk Management solution.” continues Rohan.
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