Press release
January 15, 2010
TriOptima sweeps OTC derivative industry awards for triReduce and triResolve in 2009
TriOptima announced that it won 5 important OTC derivatives industry awards in 2009 for the achievements of its portfolio compression service triReduce and its portfolio reconciliation service triResolve.
Financial News named TriOptima as one of its 21 Technology Companies for the 21st Century for a third consecutive year citing both triReduce and triResolve.
Credit magazine presented TriOptima with the Editor’s Outstanding Achievement Award for triResolve basing its decision on feedback from a broad base of companies it had polled.
Asia Risk named TriOptima Technology Company of the Year citing the contributions triReduce and triResolve had made in effective risk management and capital deployment.
Risk magazine selected TriOptima as Industry Platform of the Year also mentioning the importance of triReduce and triResolve in managing systemic risk and improving operational efficiences.
Funds Europe presented TriOptima its European Middle Office Provider of the Year award for the importance of triResolve in servicing buy-side as well as sell-side market participants.
“We are very pleased with the recognition that TriOptima’s services received in 2009,” said Brian Meese, CEO. “It demonstrates the widespread adoption of triReduce and triResolve globally. Our team works hard to provide the best technology and customer service to our clients, and it’s great to know that’s appreciated by the marketplace.”
For further information please contact:
Susan Hinko, Global Head of Industry Relations
Tel: + 1 646 744 0410
susan.hinko@trioptima.com
About TriOptima
TriOptima is the award-winning provider of OTC derivatives infrastructure services including triReduce, triResolve, and the OTC Derivatives Interest Rate Repository.
triReduce, the portfolio compression service for OTC derivative dealers, pioneers technology that eliminates risk and reduces operational and capital costs. Serving over 150 bank and non-bank subscribers worldwide including the major local and global dealers in derivatives, triReduce is a critical tool for maintaining post trade processing efficiency. triReduce offers compression cycles in single name and index CDS swaps worldwide, IRS swaps in 21 currencies and a range of energy derivatives.
triResolve is a network community service for proactive portfolio reconciliation of OTC derivative portfolios. Used by global dealers, regional banks and buy-side firms, triResolve currently handles 5.8 million trades representing over 70% of all non-cleared OTC derivative transactions globally. The service benefits trade control, settlement, documentation, collateral and counterparty credit risk functions. Web-based, interactive, with advanced matching and reporting capabilities, the triResolve service reconciles all OTC derivative products, from plain vanilla to complex structures.
TriOptima maintains offices in London, New York, Singapore, Stockholm, and Tokyo.
http:// www.trioptima.com