TriOptima wins GlobalCapital’s Derivatives Compression Provider of the Year
23 September 2014
New York/London, 23 September 2014 – TriOptima, leading provider of OTC derivative post trade risk services, announces today that its triReduce service has been named GlobalCapital’s Derivatives Compression Provider of the Year. TriOptima received the award at the Global Derivatives Awards dinner in London on the evening of September 18, 2014.
According to the Editorial Team at GlobalCapital, "Due to the strength of its buyside and sellside client feedback, TriOptima was ranked as the top derivatives compression provider of the year globally. The firm has been at the forefront of innovation and expansion in a market where compression is becoming an increasingly fundamental tool for market participants."
Peter Weibel, CEO of triReduce, said, “We are honored to receive this award especially as we have just passed the $500 trillion mark in notional principal eliminated. We want to thank all of our customers and GlobalCapital Derivatives for their support and recognition.”
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 soon.
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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 and validate trade repository data; 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.
ICAP is a leading markets operator and provider of post trade risk mitigation and information services. Group companies provide services that match buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.