Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced a partnership with industry-leading Standard Initial Margin Model (SIMM) vendor, Quaternion Risk Management. As part of the collaboration, Wipro will offer SIMM-in-a-box to financial institutions covered under Uncleared Margin Rules (UMR).
Quaternion Risk Management Ltd. is a capital markets consulting and software company focused on the quantitative aspects of risk management, trading, and derivatives pricing. Headquartered in Dublin, Ireland with offices in London, New York, Dusseldorf, and Boston, Quaternion works with and has supplied software to many of the world's leading financial institutions across both the sell- and buy-side. 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. For more information about Quaternion, please visit www.quaternion.com or email [email protected]
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. 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. Together, we discover ideas and connect the dots to build a better and a bold new future.
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