TriOptima completes first triReduce compression cycle for cleared Swedish Krona swaps in Nasdaq

18 April 2016
Peter Weibel, CEO triReduce

London, New York - 18 April 2016 – TriOptima, a leading provider of OTC derivatives post-trade infrastructure, announces that Nasdaq members completed the first successful compression cycle for cleared Swedish Krona (SEK) interest rate swaps. Over 40% of the cleared outstanding SEK swap inventory was eliminated in this first collaboration between Nasdaq and TriOptima.

“I’m very pleased to offer our members this service in collaboration with TriOptima”, said Johan Rudén, Senior Vice President and Head of Nordic Fixed Income at Nasdaq, “With the new capital requirements under Basel III, banks and clearing brokers need to look for additional ways to reduce exposures as well as notional outstanding on their balance sheets.”

“TriOptima’s collaboration with Nasdaq enables their clearing members to streamline their portfolios and increase their capital efficiencies while contributing to an overall reduction in systemic risk” said Peter Weibel, CEO of triReduce.

About TriOptima

TriOptima is the award-winning provider of post trade risk management services and infrastructure for OTC derivatives. Focused on reducing costs, eliminating operational and credit risk, improving counterparty exposure management, and reducing systemic risk, TriOptima offers a range of services: triReduce to reduce swap inventory and counterparty risk; triResolve to reconcile OTC derivative portfolios, manage disputes, validate repository data, and deliver an automated margin management solution; triBalance to manage cleared and bilateral counterparty risk; and triCalculate to measure and analyze counterparty risk.

TriOptima, an ICAP Group company, maintains offices in London, New York, Singapore, Stockholm, and Tokyo.

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