Frontclear Selects Quantifi for Integrated Trading and Risk to Support Emerging Markets Initiatives

April 29, 2015
  • Quantifi strengthens Frontclear’s trading and risk management capacity and frameworks
  • Frontclear able to control and alleviate challenges on risk, capital allocation, liquidity and funding

London and New York (28th April 2015) - Quantifi, a specialist provider of analytics, trading and risk management solutions, today announced that it has been selected by Frontclear, a financial markets development company based in the Netherlands, as its core portfolio management system (PMS). Frontclear is a pioneer and facilitator in supporting the development of markets, focused on catalysing more stable and inclusive financial markets in emerging and developing countries (EMDCs). Frontclear issues guarantees on Counterparty Credit Risk of EMDC-based institutions, under the condition they post local currency collateral in case they cannot meet standard collateral requirements.

Stable and inclusive financial markets are critical for economic development and growth of emerging markets. Inclusive financial markets promote competition, enable the diversification of risk, lower transaction and funding costs and facilitate global trade and investment in the real economy. To help mitigate and manage risk, and maximise trading efficiency Frontclear required an integrated PMS that would enable the firm to take a forward looking view and enhance decision making. By partnering with Quantifi, Frontclear combines prudent risk management with development finance funding to address development barriers.

 


 

“Quantifi is trusted by leading financial institutions and this proven expertise makes it the ideal solution to strengthen and support our trading and risk management capacity and frameworks. This initiative with Quantifi enables Frontclear to control and alleviate challenges on risk, capital allocation, liquidity and funding.”

Erik van Dijk, Chief Risk Officer, Frontclear


 

“The economic environment in which we operate, requires innovative risk-management techniques that allow us to act more decisively to respond to existing and emerging risks, support growth strategies and comply with the regulatory agenda,” comments Erik van Dijk, Chief Risk Officer, Frontclear. “Quantifi is trusted by leading financial institutions and this proven expertise makes it the ideal solution to strengthen and support our trading and risk management capacity and frameworks. This initiative with Quantifi enables Frontclear to control and alleviate challenges on risk, capital allocation, liquidity and funding.”

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 the key regulatory and industry practices, Quantifi applies the latest technology innovations to provide new levels of usability, flexibility, and ease of integration. This translates into a dramatically lower time to market, a lower total cost of ownership and significant improvements in operational efficiency.

“We are excited with the opportunity to work with Frontclear in their mission to support economic development in emerging markets and developing countries,” comments Roland Jordan, Head of EMEA Sales, Quantifi. “During the past few years there has been a significant rate of growth in emerging markets and this trend is set to continue. To capitalise on this growth and the challenges faced in addressing the needs of those emerging markets, participants require a flexible, scalable and robust system backbone. Quantifi addresses those needs and we are delighted that Frontclear has chosen to take advantage of Quantifi’s integrated trading and risk management solution which is built on a modern technology architecture.” Continues Roland Jordan.

 


 

About Frontclear

Frontclear is a financial markets development company focused on catalyzing stable and inclusive interbank markets in emerging and frontier markets. Frontclear facilitates access to financial markets for local institutions to local and global markets through the provision of credit guarantees to cover their counterparty credit risk. Frontclear provides Basel III compliant first demand irrevocable guarantees. Our guarantees are in turn counter-guaranteed by KfW, a AAA-rated financial institution.

For further information, please visit Frontclear