TriOptima Sees Inaugural $664B Compression Cycle For MXN Swaps

[kreslik.news]

TriOptima, a post trade infrastructure provider, has announced the compression cycle for cleared Mexican Peso swaps at CME Group, having eliminated roughly $664 billion (12.5 trillion MXN) notional outstanding, per a TriOptima statement.

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The announcement is important namely as it constitutes TriOptima’s first completion of a triReduce multilateral compression cycle for cleared Mexican Peso interest rate swaps IRS). The feat was accomplished by a total of eleven CME Group IRS clearing members, which essentially encompassed upwards of 35% of the cleared MXN notional principal outstanding in ... (read more)