AUD cycle saw "a dramatic increase over the last cycle in May 2014.”
TriOptima, a post-trade
unit of interdealer broker Icap, has completed its first
"unlinked" Australian dollar (AUD) swap compression cycle,
eliminating AUD 2.15 trillion ($1.6 trillion) in notional
The division said on
Monday the cycle, run by its compression service triReduce,
involved 20 financial institutions and reduced the total value
of AUD notional outstanding interest rate swaps at
SwapClear by more than a fifth.
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