Eurex is the latest clearing house to work with TriOptima on compression
Icap-owned post-trade provider TriOptima
and Eurex Clearing have completed the first compression cycle
for cleared euro interest rate swaps.
The triReduce compression cycle for
cleared euro interest rate swaps (IRS) was the first
collaboration between Eurex Clearing and TriOptima.
"With the EurexOTC Clear for IRS volumes
continuing to grow at an impressive rate, the launch of our
compression services with triReduce are an important part of
our overall value proposition. We will continue to develop
netting and compression services so that our members and their
clients will be able to realise additional efficiencies when
clearing more of their derivatives through Eurex Clearing,
mitigating the impact of capital and balance sheet
pressures," Danny Chart, Eurex Group, head of sales
initiatives said in a statement.
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