Quantile launches LCH SwapClear compression service


Quantile Technologies Limited (“Quantile”) has successfully completed its first compression run at LCH, the world’s largest clearing house for OTC derivatives. This follows its recent
appointment as an Approved Compression Service Provider at LCH’s SwapClear service, the first service provider to be given this status in nine years.

Compression of swap portfolios, where large numbers of transactions can be eliminated while preserving the overall risk profile and valuation, improves efficiency by reducing line items and notional-linked capital. The process has strong support from global regulators. Quantile’s compression service operates alongside its existing counterparty risk reduction platform for non-cleared derivatives, which in contrast drives initial margin and capital savings for banks, and is available under the AcadiaSoft Quantile Optimisation Service.

“This is an important step forward in risk management for the industry,” said Stephen O’Connor, Chairman of Quantile, a leading provider of counterparty risk reduction tools for the derivatives industry. “By enabling a faster, more streamlined process for compression, we are delivering new efficiencies to our clients. We’re grateful that this has already generated extremely positive feedback from the major market participants.”

“We are delighted to onboard Quantile as an additional compression partner, offering more choice to our members and their clients,” said Daniel Maguire, Group COO of LCH. “Compression is an integral part of our ongoing efforts to improve capital efficiencies for market participants, and we are very pleased with the outcome of this first run. We look forward to doing more compression runs together with our mutual customers.”

“We welcome Quantile Technologies’ innovative solution which increases compression efficiency,” said Stuart Bancroft, Managing Director, G10 XVA, at Citi. “The service provides a notionally efficient risk replication of the consolidated cleared portfolio with low operational complexity. We look forward to leveraging the solution to bring incremental notional reduction.”

“Not only does this service achieve great notional reduction, but a real differentiator for Quantile is their focus on operational efficiency and the ease of use for their clients,” said Lear Janiv, Managing Director at Goldman Sachs, a user of Quantile’s compression and optimisation services.

“This was a strong first run with seamless execution,” said Boyd Winston, Executive Director – Head of Macro Compression Operations at J.P. Morgan, one of several banks that use Quantile’s optimisation services. “It is encouraging to see greater choice in multilateral compression services, which help the participants to efficiently manage the size and risk of their swap portfolios.”

Quantile’s initial customer focus has been the G15 leading global banks but the firm is now gearing up to expand its dealer footprint, as well as expand into buy-side institutions. Its mission is to deliver market-leading solutions using advanced technology with fully integrated streamlined processing


Editorial contacts

Jake Smith
Brandex Financial
T – +44 7860 779802
E – jake.smith@brandexfinancial.co.uk

Michelle Gathercole Brandex Financial
T – +44 7742 390629
E – michelle.gathercole@brandexfinancial.co.uk

Quantile voted Service Provider of the Year

Spotlight on FX Smart Clearing with The FullFX & Esben Urbak, Quantile’s Head of Product

Quantile is proud to sponsor ISDA’s 38th AGM

Naomi Jung, Legal Counsel, is Legal Professional of the Year in the Waters Technology, Women in Technology & Data Awards.

Quantile wins Counterparty Risk Product of the Year

Quantile and LCH ForexClear Deliver FX Smart Clearing

LSEG’s Post Trade Briefing in Frankfurt

Quantile is proud to sponsor The Full FX London conference 2023

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

Applications to Quantile’s Internships are now open

Celebrating International Women in Engineering Day with a Spotlight: Jihong Lee, from Intern to Engineer

FX Clearing: Unlocking the Potential and Exploiting the Benefits

Quantile executes multicurrency emerging market compression run

Quantile voted OTC Derivatives Margin Solution of the Year

Spotlight on FX Smart Clearing with Quantile and LCH ForexClear by e-Forex

Trudy Ross, COO, is one of the 2023 Top 25 Women Leaders in Financial Technology of Europe

Spotlight on Quantile’s FX Optimisation Services by e-Forex

eForex Spotlight

LSE Group’s post-trade strategy moves to the fore

Quantile celebrates female talent this International Women’s Day

Quantile’s Counterparty Risk Optimisation service for FX now supports SwapAgent FX Forwards

Clearing Management Insight Report

Quantile develops Optimised Backloading service which enables Smart Clearing at LCH ForexClear, reducing capital requirements under SA-CCR

Quantile + Acadia’s Canadian Forum in Toronto

Quantile is proud to sponsor ISDA’s 37th AGM

Reducing Counterparty Risk, Initial Margin and Capital Requirements for Canadian Market Participants

FX Smart Clearing at LCH ForexClear

The Team at Quantile wish you a happy & healthy New Year

Quantile Wins Risk Management Service of the Year for the Second Year Running

The countdown to conversion is on

Quantile is now part of London Stock Exchange Group plc

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

Quantile helps the buy-side to reduce margin costs and the impact of the UMR’s

Risk.net Q&A | Optimising FX Swaps & Forwards

Quantile’s Counterparty Risk Optimisation Service Supports Sweeping Risk into SwapAgent

Quantile voted Service Provider of the Year at the FTF News Technology Innovation Awards

Quantile is proud to sponsor the 2022 ISDA Canada Conference

Quantile is proud to sponsor ISDA’s 36th AGM

James Shepherd, CTO, is announced as one of the Top 25 Financial Technology CTOs of 2022

Quantile is recognised as one of the Most Influential FinTech Firms of 2022

Andrew Williams discusses the benefits of moving FX positions into SwapAgent with Risk.net

Quantile is sponsoring ISDA’s virtual conference, Trading Book Capital Japan

Andrew Williams, CEO, is announced as one of the Top 50 Financial Technology CEOs of 2022

Trudy Ross, COO, is announced as one of the Top 25 Women Leaders in Financial Technology of Europe

eForex Spotlight

LSEG beefs up non-cleared ambitions with Quantile deal

Quantile is proud to sponsor Elijah’s Star in the Talisker Whiskey Atlantic Challenge

Risk.net special report – featuring Quantile’s award winning optimisation service

Quantile to sponsor ISDA’s Derivatives Trading Forum: Post-trade Operations, Services & Technology

FX Markets Europe | Is FX clearing approaching a tipping point?

Quantile to be acquired by London Stock Exchange Group plc

Quantile welcomes Esben Urbak and Rami Atieh to strengthen product team

Quantile to sponsor ISDA’s Collateral Optimisation Virtual Showcase

Quantile wins Risk Management Solution of the Year at the FOW International Awards

ISDA Benchmark Forum – Alternatives to USD LIBOR

Guido Van Ingen joins Quantile as Head of the Netherlands and Relationship Management

Tobias Becker discusses how banks are stepping up their FX optimisation ahead of the SA-CCR deadline with FX Markets

FTF Exchange Podcast: SA-CCR and the push to reduce systemic risk

Quantile wins Global Optimisation Service of the Year

Quantile to sponsor ISDA’s Regional Events

Sharpening the tools: Preparation for UMR phase five

Initial Margin Optimisation | Turning challenges into solutions

Whitepaper – Impact & Implementation of SA-CCR

Risk.net special report – featuring Quantile’s award winning IM optimisation service

Quantile’s award-winning compression service is now live at JSCC

Quantile voted Best OTC Derivatives Margining Solution at the FTF News Technology Innovation Awards

VIDEO: Quantile’s Tobias Becker discusses SA-CCR with ISDA

Varqa Abyaneh

VIDEO: Quantile’s Varqa Abyaneh discusses initial margin with ISDA

Quantile speaks with Euromoney about how SA-CCR will boost the appeal of clearing FX

Quantile is a Platinum sponsor of ISDA’s 35th AGM

Quantile optimises eight new cleared currency pairs at LCH ForexClear

Complimentary event – ISDA’s Derivatives Trading Forum

Andrew Williams speaks with Risk.net & FX Markets about the SA-CCR boom

European Women in Finance – thinking strategically and reducing risk with Trudy Ross

Quantile to sponsor 3rd annual Benchmark Rates Reform in the Derivatives Market virtual event

Quantile secures $51 million growth investment from Spectrum Equity to accelerate new services

Libor transition and SA-CCR come into focus

Tobias Becker speaks with Risk.net about the challenges of adopting SA-CCR

Quantile’s CEO discusses the latest ESMA post trade report with Risk.net

Quantile voted Global Compression Service of the Year, Two Years Running

Accelerate the transition to risk-free rates with Quantile’s compression service

Andrew Williams speaks with FIA on the benefits of optimising margin across both cleared and uncleared derivatives

Quantile completes first cleared interest rate initial margin optimisation run with LCH

ISDA Quarterly – views on risk-free rates progress

Quantile completes record interest rate compression runs in April

Quantile compresses a record-breaking $7.2 trillion in a single USD run

Quantile continues to operate optimisation and compression services without disruption

Special report – managing the cost of LIBOR transition and the risk of delay

Quantile to sponsor ISDA/SIFMA AMG Benchmark Strategies Forum

Quantile compresses over $4.6 trillion in a single EUR run, a new record

Quantile becomes the first compression service to terminate five currencies in a single run at LCH SwapClear

Compression plays vital role in LIBOR transition

Quantile voted Global Compression Service of the Year

Quantile wins prestigious Risk Award

Quantile completes first NDF Optimisation Cycle with CME Group

Quantile launches equity derivatives risk reduction service

Quantile launches compression service