TriOptima completes maiden cross-currency compression cycle

By Beth Shah
06 May 2014

TriOptima has completed the first cross-currency compression cycle, eliminating ¥12.318 trillion ($120 billion) notional principal in Japanese yen/US dollar swaps.

The provider of over-the-counter derivative post trade services offers compression through its triReduce service to swap market participants with significant two-way flow. This is first ever triReduce cross-currency compression cycle.

“As firms focus on reducing notional to save on capital costs and reduce leverage in the new regulatory ...

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