The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Quantifi Acquires Moment Analytics

Quantifi, a provider of analytics and risk management solutions to the global credit markets, today announced that it has acquired Moment Analytics, a privately held risk management software vendor. David Kelly, Moment Analytics’ CEO, joins Quantifi as director of credit product development and will be based in the US. This is Quantifi’s first acquisition. The terms of the transaction, which closed in October 2009, were not disclosed.

Rohan Douglas, CEO of Quantifi, said: “Moment Analytics adds strong complementary expertise and technology to Quantifi in areas where we are seeing increasing client demand such as counterparty credit risk and credit valuation adjustment (CVA). By combining Moment Analytics’ talent, products and expertise with Quantifi’s already robust product offering, we are making key investments that will continue to reinforce our position as a market leader.”

Moment Analytics provides trading and risk management infrastructure for buy and sell side institutions covering a variety of OTC and exchange traded fixed income, foreign exchange, equity, commodity and credit products. Moments Analytics’ clients include a top five investment bank, a US$4 billion top performing fixed income fund, a US$700 million macro fixed income hedge fund, and a leading rating agency. Quantifi will integrate components of the Moment Analytics software into the firm’s product suite and continue to support Moment Analytics’ clients.

Kelly brings almost 20 years of experience as a trader, quant, and technologist to Quantifi. At Citigroup, he was the senior credit trader on the Global Portfolio Optimisation desk, responsible for actively managing the credit risk in derivatives positions and establishing the CVA business. Prior to this, he ran Chase’s Global Analytics group, where he was responsible for front office pricing models and risk management tools for the global derivatives trading desks including the firm’s first CVA system for active counterparty risk management and credit charging.

Kelly stated: “The recent financial crisis, particularly the increase in counterparty defaults, has led to a heightened focus on counterparty risks and the adoption of active counterparty risk management systems. Quantifi is uniquely positioned to advise clients on best practice in this area. I look forward to bringing my experience to Quantifi and working with clients to deliver forward thinking, strategic solutions.”

Since the firm’s inception, Quantifi has grown steadily, with over 120 clients across five international offices. Douglas notes: “The acquisition of Moment Analytics is a landmark in Quantifi’s growth. We’ve grown tremendously since we first started and we look forward to continued success as we explore new opportunities and avenues for expansion.”

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

Sova Capital Selects Appway for Onboarding and KYC Refresh

Sova Capital has selected Appway, a provider of workflow orchestration, to provide solutions for a digital onboarding and KYC refresh. Sova will streamline its workflows using Appway’s Onboarding for Wealth, KYC and Regulatory Review solutions, and will support direct client interactions with Appway’s Client Engagement Hub. Sova Capital is an FCA authorised and regulated broker...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...