As part of its expansion in structured credit, Straumur was seeking a complete solution for complex pricing and risk analysis which could also be rapidly implemented. Quantifi XL was chosen to meet this need.

Simon Glossop, Head of Credit & Equity Trading, Capital Markets at Straumur said, "Quantifi provides us with the ideal tools to accurately price structured credit products and allows us to look at a comprehensive range of sensitivities and risk measures. This tool puts us at the cutting edge of technology and will enable us to offer our clients unparalleled service."

Rohan Douglas, Founder and CEO of Quantifi, commented, "We are delighted that Straumur has chosen Quantifi and look forward to working closely with them as their structured credit business develops. Adding Straumur as a client continues an extremely busy summer for us where business has been three times the level of the same period last year."

Quantifi XL is an extensive suite of add-in functions for Excel. It is a powerful tool for traders and others who need access to advanced pricing and risk analysis of credit products from within Excel. The solution provides full support for a wide range of credit products.

"The growth of our business in Europe, Middle East and Africa continues unabated and we're pleased Straumur selected Quantifi in support of their front-office credit trading activities," said John Peck, Head of Quantifi's EMEA operation.