TriOptima named a category leader in credit risk report

PUBLISHED BY:
triCalculate

DATE:
2018-06-14

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.”