Quantifi, a provider of risk, analytics and trading solutions, today announced it has been shortlisted in the Commodity Business Awards 2016 for Trading, Risk & Portfolio Management (Excellence in Agricultural & Softs) and Commodity Market Development (Excellence in Risk Mitigation). The awards, run by Commodities Now magazine, identify commodity firms and technology providers that have had a significant impact on the commodity markets.
Global commodity trading firms operate in an inherently risky environment, with increased market volatility and competitive pressures. This environment creates significant counterparty risk management challenges, as the geographic spread and sheer number of counterparties makes it difficult for firms to implement a consistent credit policy. Historically, firms have relied on multiple tools for Counterparty Credit Risk management, including excel spreadsheets for exposure calculations and reporting, and email to communicate credit decisions. This approach has its drawbacks. To address these, firms are exploring new integrated risk management tools that provide advanced analytic, automate processes, and simplify data management.
“Global commodity trading firms want to take a forward-thinking approach to counterparty credit risk management. Leveraging our expertise in this space we are able to provide a solution tailored to the specific needs of commodity firms globally”Avadhut Naik, Head of Solutions, Quantifi
Built on the latest technology, Quantifi’s commodity credit and counterparty risk management (CCRM) solution is a powerful integrated counterparty risk management solution for global commodity trading firms. Quantifi CCRM is designed to help firms make optimum business decisions, while managing the associated risk, by implementing a consistent enterprise wide credit policy. The solution also help firms manage and mitigate risk by providing exposure vs limits reporting, what-if analysis and stress testing.
“Counterparty risk permeates all markets. Effectively managing this risk is a key differentiator of business performance. Global commodity trading firms want to take a forward-thinking approach to counterparty credit risk management. Leveraging our expertise in this space we are able to provide a solution tailored to the specific needs of commodity firms globally. We are pleased to see our contribution and excellence in the commodities market recognised by these nominations,” comments Avadhut Naik, Head of Solutions, Quantifi.
About Commodities Now
Since its launch in 1997, Commodities Now has provided commodity market professionals and the wider investment community with dedicated research and intelligence on the commodity complex. Their print and online market intelligence provides updated news, key market releases, commodity research and reports, data, and charts dedicated to these markets.
They cover: Power & Energy, Industrial & Precious Metals, Agriculture & Softs, Renewable Energy, Emission Markets, Commodity Logistics, Legal, Regulatory Policy, Research & Specialist Technology.
For further information, please visit www.commodities-now.com