TriOptima wins Risk Magazine’s OTC Infrastructure Service of the Year Award

PUBLISHED BY:
Susan Hinko

DATE:
2015-01-13

TriOptima announces today that its triReduce compression service has received the Risk Magazine OTC Infrastructure Service of the Year Award.

New York/London – 13 January, 2015 TriOptima, leading provider of OTC derivatives post trade risk services, announces today that its triReduce compression service has received the Risk Magazine OTC Infrastructure Service of the Year Award. The award will be presented at the Risk Awards dinner in London on the evening of 29 January, 2015.

While TriOptima has offered its triReduce compression service since 2003, compression gained in importance with new regulatory requirements and leverage ratio guidelines. Risk cited TriOptima’s introduction of unlinked compression for cleared trades as a major contribution, as well as the continuing expansion of the triReduce compression catalogue, most recently cross currency swaps.

Peter Weibel, CEO of triReduce, said: “We are proud to receive this award which recognises the work we’ve done with market participants and other service providers to eliminate risk in the global financial system. Last year we passed the $500 trillion mark of notional principal eliminated, and we look forward to growing this achievement with regular compression cycles in the clearinghouses and for uncleared trades; and by adding inflation swaps and FX forwards to the triReduce catalogue.”

Currently triReduce offers compression in cleared and uncleared interest rate swaps (including FRAs and Overnight Index Swaps), cross currency swaps, credit derivatives and commodity swaps. Inflation swap and FX forward compression cycles will be introduced in 2015.