Quantifi, an analytics and risk management solutions provider to the global credit markets, has announced that hedge fund manager III Associates has integrated the Quantifi Toolkit into their systems for end-of-day valuations of their structured credit portfolios.
Quantifi Toolkit is a model library for structured credit pricing and risk analysis and contains a full suite of market-tested and validated models, including credit derivatives products and bespoke structures. It is designed using a flexible open architecture and provides a simple and extensible interface that reduces the time-to-market for new models and allows for integration with existing proprietary systems.
"Quantifi's track record and market experience were important factors in our selection process," comments Lester Coyle, senior managing director, III Associates. "We've been impressed with Quantifi's ability to meet the demands presented by the dynamic credit markets. Their product coverage, core models, and ability to readily incorporate our feedback distinguished them as our preferred provider of credit derivatives analytics," he continues.
"We had a need to automate our position and risk reporting for our structured credit portfolios and were faced with the challenge of finding industry-validated models and analytics for structured credit products delivered as an open architecture that could fit into our framework," says Paul Algreen, CTO, III Associates. "We were impressed with the speed and accuracy of the pricing models.
"We are extremely pleased that III Associates has chosen to incorporate Quantifi's models into their core infrastructure," notes Rohan Douglas, CEO and founder, Quantifi. "We have experienced a growing demand for independent and accurate pricing of credit derivative products from the simplest CDS to the more complex bespoke structures. The open architecture of Quantifi Toolkit has proved particularly adept at satisfying this demand from clients," he remarks.