Wipro and Quaternion Partner to Launch Standard Initial Margin Model (SIMM) Solution
Summary
Our compelling proposition and partnership with Quaternion promises to abstract away these challenges and let our clients focus on their core business.” SIMM-in-a-box is a "future-proofed" SIMM solution that uses the same high-grade analytics as the worlds largest dealer banks. “As companies prepare to implement the final phases of the Uncleared Margin Rules, the combination of Quaternion’s deep experience building one of the industry’s most comprehensive derivative pricing libraries and Wipros unmatched expertise in IT consulting can alleviate many of the traditional plumbing and middleware headaches associated with analytics integration. Through industry-leading partnerships with the likes of Wipro, Columbia University, and others, Quaternion has continued to scale its commercial software offerings which are founded on its open source contribution to the risk and finance community, OpenSourceRisk.org. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F.