Derivatives start-up aims to cut costs at margin hub

Ex-Morgan Stanley bankers’ offering aims to reduce daily collateral flows that currently top $200bn

Quantile aims to reduce counterparty risk, "yielding commensurate benefits in the Simm model"

Quantile Technologies, a start-up founded by two former Morgan Stanley bankers, has been lined up to provide counterparty risk reduction services to the collateral management hub that now sits at the heart of the non-cleared derivatives market.

The service allows counterparties to reduce their derivatives exposures by running the rule over portfolios and generating new risk-offsetting trades. The offering will plug into the AcadiaSoft hub – an industry collective set up to help firms meet the ob