Quantile optimises eight new cleared currency pairs

Quantile Technologies has become the first vendor to offer optimisation of cleared USD/CAD, USD/DKK, USD/MXN, USD/NOK, USD/NZD, USD/SEK, USD/SGD and USD/ZAR non-deliverable forwards (NDFs) within their initial margin (IM) optimisation runs for foreign exchange.

May, 2021

Varqa Abyaneh
Varqa Abyaneh

Preliminary runs saw Quantile successfully incorporate five of the new currency pairs offered by LCH’s ForexClear, delivering increased capital and margin benefits for clients. Quantile pioneered the optimisation of cleared FX trades at ForexClear, with FX optimisation now accounting for a material share of cleared G10 NDF volumes. ForexClear’s new currency pairs will further increase the optimisation opportunities available to market participants trading OTC FX derivatives. Varqa Abyaneh, Chief Product Officer at Quantile, said, “We believe optimisation and clearing are complementary to one another. Clearing houses are one of the most efficient places to hold risk, and our optimisation engine continues to seek out efficiencies which free up scarce capital and reduce the costs of trading for our clients.”