Optimisation Service of the Year

Quantile wins Optimisation Service of the Year for the fourth year running

We are very proud to announce that Quantile has been named the Optimisation Service of the Year (Europe + APAC) at Global Capital’s Derivatives Awards 2023, for the fourth year in a row. The awards celebrate innovation, growth and firms who are working for the betterment of the derivatives industry.

Quantile’s optimisation service reduces counterparty risk, capital requirements and the costs associated with funding initial margin (IM) for market participants globally. The service was recognised by Global Capital as the leader in its field due to the tremendous growth and innovation it experienced in the last year. Highlights include:

• Enabling participants to backload FX forwards into LCH ForexClear while simultaneously managing their resource metrics.
• Developing the industry’s first optimised backloading service which facilitates FX Smart Clearing at LCH ForexClear. 13 banks participated in proof-of-concept runs which achieved an average reduction in capital requirements of over 50%.
• Becoming the first to execute FX forward hedges at LCH SwapAgent which significantly simplifies optimisation hedge proposals, makes the booking process more efficient and helps clients better manage risk across SwapAgent and non-SwapAgent portfolios.
• Extending the service to buy-side participants and clearing brokers.
• Delivering record-breaking optimisation runs for FX, interest rates and equities.
• Delivering several major product enhancements in response to client demand from industry working groups.
• Releasing weekly enhancements to the optimisation process, algorithms and client portal.
• Becoming part of LSEG Post Trade to accelerate growth and product delivery.

Andrew Williams, CEO at Quantile, commented on the win, “To be recognised by Global Capital as the Optimisation Service of the Year for the fourth year running is a fantastic achievement. It reflects our unique ability to evolve counterparty risk optimisation in line with the market’s priorities, year after year.”

He continued, “The last year has been our most successful to date, we’ve launched new solutions, delivered record breaking runs, hired key industry talent, grown our client network and become part of LSEG. We look forward to continuing this trajectory and are grateful for the support shown from our clients in adopting our optimisation services.”

In addition to counterparty risk optimisation, Quantile also offers a market leading interest rate compression service which can compress and rebuild cleared portfolios in any currency to reduce notional and trade count.