The service has compressed a total of over 8.4 million cleared trades
LCH’s interest rate derivatives compression
service SwapClear has surpassed the $1 quadrillion mark of
compressed cleared notional.
The SwapClear service has compressed a
total of over 8.4 million cleared trades via LCH services and
through Icap-owned TriOptima’s triReduce service,
said the firm Thursday,representing $1 quadrillion
($1,000,000,000,000,000) in notional since it started offering
compression services in 2008.
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