Optimisation Service of the Year

Global Capital Global Derivatives Awards, 2022

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

Quantile, a leading provider of multilateral optimisation services, has been named the Global Optimisation Service of the Year (Europe + APAC) at Global Capital’s Global Derivatives Awards 2022, for the third 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:

  • Delivering a material reduction in IM for participants globally – often in excess of 50%.
  • Enabling participants to reduce risk-based capital under SA-CCR and funding requirements for IM simultaneously – with one run, one set of constraints and one booking process.
  • Delivering record-breaking optimisation runs for FX, interest rates and equities.
  • Growing the optimisation network by 27%.
  • Welcoming its first buy-side client – and continuing to onboard more buy-side firms and institutional market participants.
  • Introducing multi-CCP optimisation, enabling participants to reduce IM and move risk into clearing houses where it can be held more efficiently.
  • Adding cross currency swaps to interest rate optimisation runs.
  • 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.

Andrew Williams, CEO at Quantile commented on the win, “We are immensely proud to be recognised by Global Capital as the Optimisation Service of the Year for the third year running and are very grateful for the support shown from our clients in adopting our optimisation services.”

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 and grown our client network. We look forward to continuing this trajectory and working closely with our clients to reduce more risk and further improve their capital efficiency.”

In addition to counterparty risk optimisation, Quantile also offers a market leading interest rate compression service which enables participants to reduce gross notional and trade count and delivers multiple secondary benefits including aiding the transition from USD LIBOR to risk-free rates.

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