CLS and TriOptima Eliminate $1 Trillion in Compressed FX Forwards, Swaps

[kreslik.news]

CLS Group, a provider of risk mitigation and operational services, has teamed up with over-the-counter (OTC) derivatives specialist TriOptima, and jointly eliminated upwards of $1 trillion in gross notional value from their outstanding FX forward and swap portfolios, as part of the triReduce CLS FX Forward Compression Service.

The triReduce CLS Forward FX Compression Service helps consolidate CLS’s robust foreign exchange (FX) infrastructure as well as its market connectivity capabilities with TriOptima’s triReduce compression product – a joint partnership was originally established back in October 2015.

Consequently, the end result is the capacity for counterparties to better reduce the gross ... (read more)