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”. This report 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.
The commodity trading sector has witnessed significant change over the past few years. Both the pandemic and the war in Ukraine have disrupted supply chains, leading to increased volatility and higher prices. The complexity of commodity markets makes risk a key factor of business. Commodity players are having to deal with greater competition and a difficult economic environment. In addition, the rapid development of environmental, social and governance (ESG) policies is putting increased pressure on commodity prices. To mitigate risk and support future growth, having the right risk technology and operating model is crucial.
Quantifi’s Commodity Counterparty Risk Management Solution is a high-performance, scalable and intuitive solution that can be seamlessly integrated with a firm’s existing processes and systems. It is designed to help reduce risk and operational complexity with more accurate analytics, consolidated reporting and simplified data management. Automated processes reduce costs and allow firms to respond faster to credit events to mitigate losses. Firm-wide, all participants involved in the credit decision-making and risk management process can use Quantifi to make optimum credit decisions while managing the associated risk.
“We are delighted that Chartis recognises our role in commodity trading risk management,” comments Rohan Douglas, CEO, Quantifi. “Faced with increased volatility and a more complex trading environment, firms are reassessing whether their risk management technology is still fit for purpose. While some firms have the in-house expertise to improve their own systems, many turn to specialist providers, like Quantifi, to enhance insight, efficiency, and reduce costs,” continue Rohan.
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice.
For further information, please visit www.chartis-research.com.