Traxys taps Quantifi for risk management in commodities trading

Rick Steves

“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.”

Traxys has deployed Quantifi to enhance its global commodity trading platform’s ability to monitor and manage both commodity market and counterparty credit risks.

With operations spanning 20 countries, Traxys is a major player in the trading of base metals, minor and alloying metals, industrial minerals, chemicals, and materials for steel mills and foundries.

Automated risk management across worldwide operations

This strategic move comes as Traxys aims to replace its outdated risk management systems to better align with its evolving business requirements. By integrating Quantifi’s solutions, Traxys is positioned to automate its business processes, effectively measure and manage risks, and achieve a transparent overview of risk exposures across its worldwide operations.

Quantifi’s proven success in the commodities market made it the ideal choice for Traxys to enhance the company’s risk controls and operational efficiency, according to the firm’s CRO.

Quantifi’s comprehensive solution facilitates a streamlined counterparty risk management process at Traxys, incorporating counterparty grading, limit setting, and continuous exposure monitoring. The software enables the monitoring of both settlement and pre-settlement risks, including Mark-to-Market (MtM) and Potential Future Exposure, while also providing tools for market risk assessment through sensitivity analyses, scenario planning, and Value at Risk (VaR) calculations.

Designed specifically for commodity firms, Quantifi’s solution ensuring optimal trading and risk management outcomes. It integrates seamlessly with existing processes and systems, offering scalability, ease of use, and the option for on-premise or cloud deployment.

The solution aims to minimize risk and streamline operations with accurate analytics, consolidated reporting, and simplified data management. By automating crucial processes, Quantifi not only reduces costs but also enables quick responses to credit events, thus mitigating potential losses.

A more sophisticated approach to risk management

Chris Sloan, Chief Risk Officer at Traxys, commented: “We needed a robust, flexible and scalable solution to manage our business activities in respect of market and counterparty risk management. 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.”

Rohan Douglas, CEO, Quantifi, said: “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. 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.

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