TriOptima SwapClear Completes First Client-cleared Trades for CAD Swaps

[kreslik.news]

TriOptima, which provides OTC derivatives post-trade and risk reduction services, today announced that 18 entities participated in the recent SwapClear compression cycle for Canadian Dollar (CAD) interest rate swaps, terminating $1.38 trillion CAD (US$ 1.05) in notional principal for the first client-cleared trades.

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Launched at a time when international regulators have encouraged compression services for non-centrally cleared OTC derivatives, TriOptima service combines CLS’s infrastructure and market connectivity with its triReduce compression product to enable counterparties to reduce the gross notionals of their outstanding portfolios without fundamentally changing their ... (read more)