TriOptima reports its best Eurex compression
09 July 2019 London
Image: Shutterstock
TriOptima has reported a 143 percent increase from its most recent compression run.
The latest run, completed on 26 June, comprised of $3.9 trillion worth of cleared euro interest rate swaps (IRS) and Forward Rate Agreements (FRAs).
Furthermore, TriOptima cited a 26 percent reduction in notional outstanding at Eurex Clearing.
TriOptima鈥檚 infrastructure service, triReduce, is designed to help market players reduce their gross notional exposure in clearing houses by lowering costs and mitigating risk in over-the-counter (OTC) derivatives markets.
Michael Modlock, global head of sales and relationship management at triReduce, commented: 鈥淭riOptima is pleased to have helped market participants reduce their notional outstanding at Eurex Clearing in such a meaningful way.鈥�
He continued: 鈥淭his degree of compression underlines the impact of our unparalleled multilateral network, bringing the most members together in a single venue to deliver significant operational and capital savings.鈥�
Danny Chart, head of business development at Eurex Clearing, added: 鈥淲e are extremely pleased with this record triReduce compression cycle. It highlights the importance of reducing gross notional exposures for our clients as they continue to develop OTC liquidity at Eurex Clearing.鈥�
The latest run, completed on 26 June, comprised of $3.9 trillion worth of cleared euro interest rate swaps (IRS) and Forward Rate Agreements (FRAs).
Furthermore, TriOptima cited a 26 percent reduction in notional outstanding at Eurex Clearing.
TriOptima鈥檚 infrastructure service, triReduce, is designed to help market players reduce their gross notional exposure in clearing houses by lowering costs and mitigating risk in over-the-counter (OTC) derivatives markets.
Michael Modlock, global head of sales and relationship management at triReduce, commented: 鈥淭riOptima is pleased to have helped market participants reduce their notional outstanding at Eurex Clearing in such a meaningful way.鈥�
He continued: 鈥淭his degree of compression underlines the impact of our unparalleled multilateral network, bringing the most members together in a single venue to deliver significant operational and capital savings.鈥�
Danny Chart, head of business development at Eurex Clearing, added: 鈥淲e are extremely pleased with this record triReduce compression cycle. It highlights the importance of reducing gross notional exposures for our clients as they continue to develop OTC liquidity at Eurex Clearing.鈥�
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