TriOptima, a CME Group company, won ‘Compression Service of the Year’ at the GlobalCapital Americas Derivatives Awards 2019. Winners were announced at an awards dinner at the Metropolitan Club in New York on Thursday, May 30, 2019.
“In an increasingly competitive market, TriOptima has not rested on its established market share but sought to innovate and find meaningful efficiencies for its clients through thoughtful consultation and the expertise of its team, making it a deserving winner for this year,” said the Editors of GlobalCapital.
The GlobalCapital Derivatives Awards aim to honour the firms that innovate, grow and improve derivatives markets in the Americas. GlobalCapital works with the derivatives industry to identify the strongest contenders for each award. An editorial board then selects the best in class winner for each category taking into account innovation in product and service, commitments to new markets, improvements in efficiency, liquidity and market stability, as well as client guidance.
TriOptima provides multilateral compression to market participants through the ‘triReduce’ service and provides unparalleled capital and operational efficiencies across a network of over 270 clients, six CCPs and four asset classes; rates, FX, credit and commodities. triReduce is available across 28 currencies and multiple products such as inflation swaps, cross currency swaps, credit default swaps and FX forwards. To date, triReduce has enabled its clients to compress $1.5 quadrillion in gross notional.
TriOptima has invested to further automate compression for a streamlined user experience, meeting the growing demand in the Rates and FX classes, where clients now look to the service to meet a variety of different capital and operational drivers simultaneously. The ‘Low Touch Compression’ approach provides superior data checks as well as the ability to commingle multiple products, such as basis swaps and inflation swaps so clients can compress in confidence.