Tullett Prebon Information Launches Partnership with Quaternion Risk Management

Tullett Prebon Information (TPI), a provider of independent real-time price information from the global over-the-counter (OTC) financial and commodity markets, has teamed up with Quaternion Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term to launch an innovative open source risk project in tandem with Columbia University.

Quaternion Risk Management is a specialist in risk Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term – together with TPI, the groups will help foster improved transparency and risk modeling techniques, supporting opensourcerisk.org, an open source code for derivative risk analytics, in conjunction with Quaternion’s Open Source Risk Engine (ORE).

Standardized Risk Modeling in Focus

The goal of the partnership will be to help improve accuracy and efficiency measures across a number of risk calculations by utilizing Credit Value Adjustments (CVA), among other derivatives exposures. Consequently, the adoption of such techniques will also aim to instigate a process of standardizing risk modeling across the OTC industry.

Columbia University boasts a state of the art FinTech Lab, which is one of the first academic groups to help promote research into risk modeling in regulatory and systemic risk.

According to Donal Gallagher, Chief Executive Officer of Quaternion Risk Management, in a recent statement on the partnership: "The standardisation of risk models represents a significant opportunity for banks following the vast number of new regulations over the past decade. The project with Columbia University, powered by TPI’s data, allows the community to join forces around an open source model using the most accurate and relevant market information available."

"Quaternion’s open source risk framework is of huge value to the academic community, facilitating research into the fundamental drivers of financial markets. In addition, at a commercial level, the initiative can help banks to manage their capital more efficiently while meeting regulatory obligations,” explained Frank Desmond, CEO at TPI, in an accompanying statement.