|By Business Wire||
|June 25, 2014 05:00 AM EDT||
Quantifi, a specialist provider of analytics, trading and risk management solutions today announced that Agence Française de Développement (AFD), a public development finance institution, has selected Quantifi as its enterprise portfolio management system (PMS).
The client was looking to replace their existing front and middle office systems with a cost-effective, single solution to comply with EMIR and IFRS 13 (CVA) regulatory requirements, address market changes and support calculations related to OTC derivatives clearing obligations. Quantifi’s offering proved to be the most comprehensive for complex pricing and valuations, and the monitoring of risk more dynamically.
“We required a next-generation multi-asset trading and portfolio management system to provide complete risk management, accurate valuations taking into consideration OIS discounting and advanced counterparty risk analytics. After extensive due diligence of other main solution providers we singled out Quantifi as the clear market leader in this space,” comments Hannan Mohammad, Deputy Head of the Funding and Markets Division at AFD. “Quantifi provides a wide range of functionality including flexible reporting and superior analytics. The solution, combined with the high level of support we receive from senior experienced personnel, helps us strengthen our risk management capacity in the markets we operate in,” continues Hannan Mohammad.
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 all regulatory and industry practices, Quantifi applies the latest technology innovations to provide new levels of usability, flexibility, and ease of integration. This translates into dramatically lower time to market, lower total cost of ownership and significant improvements in operational efficiency.
“We are delighted with the opportunity to support AFD in promoting economic growth and social development across several continents,” comments Rohan Douglas, CEO, Quantifi. “AFD is an exciting new client and our first public institution in France. AFD is a validation of our commitment to the French markets,” continues Mr. Douglas.
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Notes to Editors
Quantifi is a specialist provider of analytics, trading and risk management solutions. Our award-winning suite of integrated pre and post-trade solutions allow market participants to better value, trade and risk manage their exposures and respond more effectively to changing market conditions.
Founded in 2002, Quantifi is trusted by the world’s most sophisticated financial institutions including five of the six largest global banks, two of the three largest asset managers, leading hedge funds, insurance companies, pension funds and other financial institutions across 16 countries.
For further information, please visit www.quantifisolutions.com.
About Agence Française de Développement
AFD is a public development finance institution that has been working to fight poverty and foster economic growth in developing countries and the French Overseas Provinces for seventy years. Through a range of financial tools developed by the AFD, the public and private sector in France supports a variety of economic and social projects. It has over 40 offices around the world and operates in more than 60 countries.
For more information, visit www.afd.fr.