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. With Quantifi as its core commodity market and counterparty credit risk solution, Traxys will have the capability to automate business processes, measure and manage risk in a more cohesive way and gain transparency firm-wide.
“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.
Traxys has streamlined its counterparty risk management process with Quantifi’s comprehensive solution, encompassing counterparty grading, limit assignment, and ongoing exposure monitoring. Quantifi’s solution enables Traxys to monitor both settlement and pre-settlement risks, including Mark-to-Market (MtM) and Potential Future Exposure. Additionally, Traxys will benefit from Quantifi’s capabilities to measure and track market risk through sensitivities, scenarios, and Value at Risk (VaR).
Built specifically for commodity firms to achieve optimal trading and risk management outcomes, Quantifi offers a powerful and adaptable solution that delivers exceptional performance. The solution seamlessly integrates with a firm’s existing processes and systems, providing scalability and ease of use. Available as on-premise or in-cloud, the solution is designed to help minimise risk and streamline operations with accurate analytics, consolidated reporting and simplified data management. By automating critical processes, it reduces costs and enables swift response to credit events, mitigating potential losses. With Quantifi, all stakeholders involved in credit decision making and risk management across the firm can make optimum credit decisions while managing the associated risk.
“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.
Quantifi is a provider of risk, analytics and trading solutions. Its 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 institutions across 40 countries.
www.quantifisolutions.com
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.
www.traxys.com
