Traxys Enhances Commodity Market Risk & Counterparty Risk Management with Quantifi

Traxys, a physical commodity trader and merchant in the metals and natural resources sectors, wanted to take a more sophisticated approach to risk management.
13 Feb, 2024

Quantifi, a provider of risk, analytics and trading solutions, has successfully completed its implementation at Traxys. This implementation enhances the monitoring and management of commodity market and counterparty credit risk across Traxys’ global operations.

The commodity ecosystem is constantly evolving. Market participants are increasingly exposed to greater competition, volatile prices, and regulatory change. To foster growth, having the right operating model, governance structure, and technology capabilities are key. Traxys recognised the importance of replacing its legacy risk solution, as it was no longer aligned with its business needs.

“We wanted to take a more sophisticated approach to risk management and have a consolidated view of risk exposures across our global operating model. Quantifi was our preferred choice.”

Chris Sloan, Chief Risk Officer at Traxys

“We needed a robust, flexible and scalable solution to manage our business activities in respect of market and counterparty risk management.” comments Chris Sloan, Chief Risk Officer at Traxys. “We wanted to take a more sophisticated approach to risk management and have a consolidated view of risk exposures across our global operating model. Quantifi was our preferred choice as it has a track record of success in the commodities markets. By adopting Quantifi, we have an advanced and cost-effective solution that strengthens our risk controls and enhances operational efficiency,” continues Chris.

“We are proud to add Traxys to our growing list of commodity trading firms where sophisticated functionality, operational efficiency and return on investment are important,” comments Rohan Douglas, CEO, Quantifi. “Traxys’ decision to work with Quantifi continues our adoption in the broader commodity markets. This is a strong endorsement of the breadth of our solution and our continued investment in product innovation,” continues Rohan.

About Traxys

Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management, and trading activities are conducted by over 450 employees in over 20 offices worldwide, and its annual turnover is in excess of USD 10 billion. Headquartered in Luxembourg, Traxys is engaged in sourcing, trading, marketing, and distributing non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy.

The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. Traxys is committed to the highest internationally recognized principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.

Traxys premises its practices on environmental, social, and governance (ESG) standards that enable Traxys to set a leading example for the responsible sourcing and trading of metals and minerals.

To learn more about Traxys, go to: www.traxys.com

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