14 June 2018
NEX's TriOptima business has been recognised as a Category Leader by independent research firm Chartis in its latest report: Technology Solutions for Credit Risk 2.0.
TriOptima's triCalculate service provides centralised, web-based independent XVA risk calculations, trade valuations and SIMM sensitivities for OTC derivatives using transparent, consistent models across a range of asset classes and business units. As part of this, the service also supports firms in their efforts to prepare and comply with new initial margin rules, which are being phased in between 2016 and 2020.
In naming TriOptima as a Category Leader, Chartis' analysts particularly noted the depth and breadth of its functionality, technology and content, its ability to capture share in the credit risk market, and the sustainable, profitable growth of its business. The solution received the highest possible grading for the quality of its analytics.
Rob Stubbs, Head of Research at Chartis, said: 'TriOptima's rating reflects its solid web-based service approach and analytics capabilities, which give it a firm grounding for the future.'
Thomas Griffiths, Co-CEO of triCalculate, said: 'triCalculate has seen substantial and sustained growth over the last two years. Recognition like this, and our recent WatersTechnology award for Best Sell-side Analytics Product, demonstrate that this service is meeting the evolving needs of the market. As those needs evolve, clients can benefit from developments very quickly because this is a web-based service. A particular highlight for us is to have our sophisticated analytics capabilities recognised given the significant investment and development that we have made in our service.'
NEX offers clients better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Clients use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world's capital markets. NEX is headquartered in London with offices around the world. For more information, go to www.nex.com
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis' goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.