10.19.2018

CME Joins Quantile NDF Optimisation Cycle

10.19.2018

Quantile Technologies (Quantile), the provider of multilateral compression and optimisation services for Financial Markets, today announced the successful completion of its initial NDF Margin Optimisation cycles with CME Group.

CME Group’s latest cycle generated over $1.2 billion in NDF clearing across multiple currency pairs from banks including Citi and Standard Chartered.

Quantile’s margin optimisation service enables dealers to benefit from the different product offerings and netting sets available at the leading global clearinghouses. Adding CME Group to Quantile’s optimisation run significantly reduces clients’ margin obligations, utilising multiple Central Counterparties (CCPs).

“By adding CME Group to our optimisation service we are able to amplify the risk reduction opportunities across our network, generating increased capital and margin benefits for all of our clients” said Andrew Williams, CEO of Quantile.  “The significant reduction in risk, and margin savings from this cycle are clear examples of the efficiencies that can be generated by taking part in these multi-dealer and multi-CCP processes.”

“As an active member of the initial optimisation runs, Standard Chartered has always sought to take advantage of every opportunity that will reduce the use of scarce resources. Since the commencement of the optimisation cycles we have seen significant savings in our overall margin requirements and by widening the number of participants, we see potential for increasing this benefit further” said Matt Turner, Director, XVA Trading at Standard Chartered.

“Including multiple CCPs in a single optimisation run gives market participants confidence that, regardless of where they choose to execute and clear trades, their risk will be optimised via our post trade service” said Varqa Abyaneh, Chief Product Officer of Quantile. “This helps mitigate concerns surrounding market fragmentation and the formation of independent liquidity pools.”

Quantile’s optimisation service is live at the G15 dealers, CME Group and LCH.

Source: Quantile

HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

#AIMarkets

“Portfolio trading is a massive improvement in efficiency.”

What impact do you think portfolio trading will have on the future of bond market structure?

#PortfolioTrading #Trading

Asset owners are investing heavily in data, from AI to ESG to real-time tools.
What’s the top priority for the data suite? 👇

#AssetOwners #FinTech #AI #ESG #Data

At #TradeTechFX Barcelona this week, LMAX Group Managing Director of Digital Assets, Jenna Wright, joins @TheBondDESK @marketsmedia to discuss how FX desks are adapting to the rise of digital assets.

She’ll explore market convergence, regulation and the investor opportunities…

Load More

Related articles

  1. The proposed ACS Triparty service has been developed to facilitate greater access to central clearing.

  2. FMX Futures Exchange was launched in September last year to compete with CME Group.

  3. 94% of traders believe margin savings can be realized between their USD swaps and USD futures.

  4. This aims to solve concerns around the U.S. Treasury Clearing mandate.

  5. Publication by the SEC is a key step in the regulatory approval process.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA