TriOptima completes first cleared inflation swap compression run in LCH SwapClear LeapRate

July 19, 2019 BY Valentina Kirilova

TriOptima completes first cleared inflation swap compression run in LCH SwapClear

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…

January 15, 2019 BY Valentina Kirilova

TriOptima sets new triReduce portfolio compression service record

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…

April 05, 2018 BY Valentina Kirilova

CLS and NEX expand triReduce CLS FX service to third parties

CLS, a market infrastructure group delivering settlement, processing and data solutions, and NEX (LON:NXG), a financial technology company at the centre of the global markets, announced today that they are extending the triReduce CLS FX service to third parties. Banks, funds, non-bank financial institutions and multinational corporations that settle in CLSSettlement through a settlement member…

October 24, 2016 BY Mike Fox

TriOptima and SwapClear include first client-cleared trades in triReduce swap compression

TriOptima, a leading provider of OTC derivatives post-trade risk management services and infrastructure, announces today that the first client-cleared trades were included in the most recent SwapClear compression cycle for Canadian Dollar (CAD) interest rate swaps. The entire CAD cycle had 18 participants who eliminated $1.38 trillion CAD (US$ 1.05) in notional principal. Client-cleared trades…

April 18, 2016 BY Maria Nikolova

TriOptima announces completion of first triReduce compression cycle for cleared SEK swaps in Nasdaq

Post trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), has announced that Nasdaq members completed the first successful compression cycle for cleared Swedish Krona (SEK) interest rate swaps. More than 40% of the cleared outstanding SEK swap inventory was eliminated in this first collaboration between Nasdaq and TriOptima. Johan Rudén, Senior Vice President and…

March 14, 2016 BY Maria Nikolova

TriOptima compression surpasses $750 trillion in eliminated notional principal

Post trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), announces today that market participants have eliminated more than $750 trillion in notional principal outstanding via its multilateral compression service for OTC derivatives triReduce. Since the launch of the service in 2003, over 210 financial institutions have participated in this risk-reducing achievement which includes compression…

March 11, 2016 BY Maria Nikolova

triReduce compression cycle eliminates 40% of PLN notional outstanding in LCH.Clearnet’s SwapClear

TriOptima, a post trade infrastructure provider, part of ICAP plc (LON:IAP), announces today that 18 SwapClear members have compressed 40% of outstanding notional and 49% of outstanding trades in Polish zloty (PLN) interest rate swaps and forward rate agreements (FRA) in the latest triReduce compression cycle. The participants eliminated PLN 2.6 trillion PLN ($654 billion)…

January 28, 2016 BY Maria Nikolova

TriOptima reports successful first triReduce inflation swap compression cycle

Post trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), announces today that 18 banks participated in the first triReduce inflation swap compression cycle eliminating $98.5 billion notional in inflation index swaps for the European Union: EUR- Excluding Tobacco-Non-revised Consumer Price Index. Given that inflation swaps tend to be long dated with compounding coupons leading…

October 27, 2015 BY Maria Nikolova

CLS, TriOptima join efforts to launch triReduce CLS Forward FX Compression Service

CLS Group (CLS), a provider of risk mitigation and operational services for the global foreign exchange market infrastructure, and TriOptima, a provider of OTC derivatives post-trade and risk reduction services, announce today the launch of the triReduce CLS Forward FX Compression Service completing the first successful compression cycle for FX forwards and swaps transactions. The…

August 18, 2014 BY Mike Fox

TriOptima compression reaches $500 trillion in eliminated notional principal

TriOptima, provider of OTC derivative post trade services, today announces that market participants have eliminated $500 trillion in notional principal outstanding since it introduced triReduce, its multilateral compression service, in 2003. This milestone includes cleared and uncleared trades across a broad spectrum of products including cleared interest rate swaps and uncleared interest rate swaps in…

Tag: triReduce