London and New York, 24th April, 2017 - Quantifi, a provider of risk, analytics and trading solutions, today announced that it has been voted top Energy Trading and Risk Management (ETRM) platform for ‘credit risk’ in the Energy Risk 2017 Software Rankings. These rankings recognise technology providers that have helped the industry evolve with the challenges and opportunities in the energy markets.
The interdependencies and complexities of credit risk pose a huge challenge for global energy trading firms. Geographic spread, competitive economies, price volatility, geopolitical risk makes it difficult for risk managers to implement a consistent credit policy to manage exposures and the associated capital allocation. Quantifi’s high performance, scalable solution for managing credit risk can be easily implemented, is intuitive to use and flexible to adapt to support the pace of change in the energy markets. The solution is designed to help firms manage and mitigate credit risk by providing exposure vs limits reporting, what-if analysis and stress testing.
"With Quantifi’s sophisticated credit risk functionality, clients can better manage their tolerance and capacity for risk, increase market penetration and improve competitiveness."
Avadhut Naik, Head of Solutions, Quantifi
The annual Energy Risk survey ask readers and professionals from across the industry to vote for their preferred product provider in various categories. The results are then analysed and validated by Chartis Research using its RiskTech Quadrant methodology. This methodology takes into account product, technology and organisational capabilities using a variety of sources including evaluation forms, vendor briefings, end-user feedback and publicly available information.
“We are delighted to have been recognised as the leading ETRM technology solution for credit risk by Energy Risk magazine and professionals operating in the energy markets”, comments Avadhut Naik, Head of Solutions, Quantifi. “Sound credit and counterparty risk management is an important component of industry best practice. Trading in energy markets requires firms to enter into complex credit arrangements. This places additional emphasis on risk, analytics, reporting and governance. With Quantifi’s sophisticated credit risk functionality, clients can better manage their tolerance and capacity for risk, increase market penetration and improve competitiveness.” continues Avadhut.
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