TriOptima, a CME Group company, has won ‘Best Implementation at a Sell-Side Firm’ for the triCalculate solution, at the Waters Sell-Side Technology Awards 2019.
The award is the only category at the Sell-Side Technology Awards where the winner is determined by the effectiveness of an implementation at a sell-side firm. TriOptima won the award following the recent successful onboarding of a number of European clients to the triCalculate service, each completed in a short timeframe and a resource-efficient way.
The win recognizes TriOptima’s ability to provide sell-side firms with cutting edge XVA solutions and dedication to innovation and industry disruption. With continued accelerated growth in the number of sell-side firms utilizing the service globally, triCalculate provides OTC trade valuations and counterparty credit risk analytics to the world’s most sophisticated sell-side clients without the need for installed software.
“We would like to thank Waters Technology and the sell-side community for recognizing our commitment to delivering world class solutions to our clients. As the demand for XVA solutions continues to grow across the industry, there is an increased need for solutions such as triCalculate to provide calculation accuracy and speed, combined with a low total cost of ownership and quick time to market. This award not only cements our market-leading position, but also demonstrates our devotion to offering ground-breaking solutions to sell-side clients hoping to mitigate their credit, capital, and funding costs without the need for a costly installation project.” said, Thomas Griffiths, Co-CEO, triCalculate.
“We are always proud to recognize groups in the industry that stand out and display excellence in their service to the sell-side. Based on the views of our independent panel of hedge fund operational leaders, TriOptima has proved themselves by winning Best Implementation at a Sell-Side Firm. We are pleased to mark their success with this award,” said, Victor Anderson, Editor of Waters Technology.
The 7th annual Sell-Side Technology Awards, which took place at the Corinthia Hotel London on April 12, 2019, recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology developed and managed by Waters Technology's senior journalists.
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