CompatibL wins 2017 Market Risk Technology Vendor (Specialist) award

Thu, 26th of January 2017


The long-running and prestigious Risk Awards have named CompatibL the winner of the 2017 award for Specialist Market Risk Technology Vendor.

This award attests to CompatibL’s drive to be the first vendor to deliver a market and counterparty risk management system that not only has the capability to meet all the quantitative requirements of FRTB and FRTB-CVA, but achieves these requirements using a revolutionary new computational technique – Vector Adjoint Algorithmic Differentiation (AAD). Furthermore, rather than delivering this functionality as a “black box”, CompatibL is leading the market in thought leadership and sharing its technology via its open source software library TapeScript and via QuantLibAdjoint.

CompatibL Platform has been built from the ground up to meet the need of effective calculation of risk and XVA pricing and the ability to produce these on an intra-day, real-time basis rather than just in an overnight batch run. CompatibL Risk can extract data from all major trading systems and can output risk and XVAs in fully customisable pivot tables based reports, geared towards traders and risk managers.

“This award recognition reflects our belief that CompatibL has created a new generation of “disruptive” tools that empower both the Front Office and Risk Management to deal with highly quantitative and demanding challenges of FRTB…” Nick Haining, Chief Operating Officer of CompatibL.

To read more from about the application of AAD for FRTB and XVA click here.