Brussels, 13 June 2017 - Euroclear is partnering with Quantessence, a UK-based financial technology company delivering an open architecture platform that manages the running of predefined asset allocation algorithms. The first application on the platform will offer a service for iCPPI products.
iCPPI is a risk management strategy that runs pre-agreed asset allocation algorithms to provide capital protection to an individual’s fund portfolio.
The service will connect distributors, asset managers and hedge providers (investment banks and re-insurers) on the Euroclear Quantessence platform to automate the running of these algorithms.
By combining Quantessence's market expertise and Euroclear's strength of running and managing market infrastructure solutions, this third-party infrastructure will answer the industry’s need for lower capital costs, robustness and trust, in the growing market of automated processing, including algo-asset allocation and robo-advice.
Peter De Clercq, Chief Executive Officer at Quantessence added: ‘’Quantessence is proud to join forces with Euroclear, a company with a proven track record and solid reputation of providing a robust and resilient market infrastructure. As a neutral, multi-party, state-of-the-art platform, Euroclear Quantessence intends to provide market access to all participants and to add real value to the iCPPI market.’’
For more information, please visit the Euroclear Quantessence webpage