Prosiris Adopts Quantifi for Risk

Prosiris Capital Management has deployed Quantifi Risk for risk analysis and reporting, according to a press release.

Prosiris is led by former Goldman Sachs Managing Director Reza Ali and the fund, according to the release, "sought a proven risk management solution to provide comprehensive scenario and risk-sensitivity reporting."

"Given the sophistication of our trading strategy, the key factors in selecting Quantifi Risk are industry leading analytics combined with flexibility and usability. We were impressed with Quantifi's extensive product coverage as well as the speed and accuracy of their models," states Jerry Chang, chief financial officer, Prosiris.

Chang adds: "It's important for us to obtain a solid infrastructure for managing and reporting risk. As a recognized leader, Quantifi provides the level of accuracy and sophistication we need to trade and effectively manage our risks. By partnering with Quantifi we now have the opportunity to focus our capital and time on our core business rather than spend time and resources developing an internal solution."

If that wasn't enough PR speak for you, read on.

Scott Trimble, Head of North American Sales, Quantifi, comments, "Prosiris has chosen a product well-suited for the needs of investment firms in today's dynamic markets, as it allows them to rapidly respond to market changes while implementing new strategies to take advantage of market opportunities. Quantifi's business across North America continues to develop at a strong pace and gaining Prosiris is another important milestone in our growth."

Quantifi Risk is a trading and risk management system for OTC products.

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio