TriOptima, the multilateral compression provider that lowers costs and mitigates risk in OTC markets, has announced that counterparties using the triReduce CLS FX compression service have eliminated $9.1 trillion of gross notional value from their FX forward portfolios in 2019. This new record equates to an annual increase of 71%. LeapRate reminds that the company…
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TriOptima, the infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, has just announced that it has completed the first cleared inflation swap compression run at LCH SwapClear. The compression run was completed on July 19 with Euro cleared inflation swaps being compressed through the triReduce service. TriOptima will go live with…
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The company has appointed new Heads of BrokerTec, EBS and optimization businesses Derivatives marketplace CME Group just announced that it has made a number of senior management changes as part of the integration of the NEX Group businesses. CME completed the acquisition last November. New appointments effective this week include: John Edwards has been named…
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TriOptima, a CME Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, has announced that it has set a new record for its triReduce portfolio compression service. LeapRate reminds that triReduce compression service hit quadrillion dollar milestone in notional principal eliminated back in June 2017. TriOptima, on the other hand, compressed $250…
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LCH SwapAgent has just announced that €4.5 billion in notional of trades registered in LCH SwapAgent were successfully compressed in TriOptima’s multilateral USD/EUR cross-currency swap compression cycle. Compression is the process by which members can eliminate offsetting trades to reduce notional outstanding and the number of line items in a portfolio. Capital requirements such as…
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CME Group Inc. (Nasdaq: CME) has just announced that it has completed its acquisition of NEX Group plc (LON:NXG). The combined company will enable clients worldwide to trade futures, cash and over-the-counter (OTC) markets, optimize portfolios and analyze data to efficiently manage risk and capture opportunities. CME Group will retire the NEX name and brand…
Read moreDuco, the data engineering technology company, has just announced that Mireille Dyrberg has joined the company as Chief Operating Officer, assuming responsibility for customer success, all administrative functions, finance and legal. Mireille Dyrberg joins from NEX Group (LON:NXG)’s TriOptima, where she was Chief Operating Officer and previously CEO of EMEA. The appointment follows a recent…
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TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, announced today that it has added MVA (margin valuation adjustment) analytics to its triCalculate XVA (X-Value Adjustment) service. MVA calculations determine the lifetime costs of posting initial margin as part of the pricing of an OTC derivative. TriOptima is…
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TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, announced today that it has included client cleared trades in a triReduce Mexico Peso (MXN) compression cycle in CME Clearing for the first time. CME Clearing and TriOptima have offered 15 compression cycles in five currencies since they started…
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CLS Group (CLS), a provider of risk mitigation and operation services for the global foreign exchange (FX) market, and TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, just announced that counterparties have eliminated US$1 trillion in gross notional value from their FX forward and swap portfolios using…
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