LONDON and SINGAPORE, July 20,
2021 /PRNewswire/ -- TriOptima, a leading
infrastructure service that lowers costs and mitigates risk in OTC
derivatives markets, today announced that it reduced the
total Singapore dollars notional outstanding at LCH by 50% by
compressing SGD 1.7T in interest
rate derivatives H1 2021.
This contributes to a record 12 months with TriOptima
successfully terminating over SGD 3.5
trillion worth of notional across 39 participants, including
direct clearing members, clients, and clearing brokers. The latest
Singapore dollar compression run
on Jun 23, 2021 also saw firms adopt
TriOptima's benchmark conversion service for the first time. The
strong results and wide participation underscore the central role
of TriOptima' s compression service in helping the industry reduce
legacy benchmark exposures, as part of the global shift to the new
reference indices.
"TriOptima continues to help market participants decrease their
exposure to legacy benchmarks," said Philip
Junod, Senior Director, triReduce and triBalance business
management. "The results are a testament to our continued
innovation, coupled with our global network to provide solutions to
the challenges faced by the OTC derivatives industry."
TriOptima is a part of CME Group. For more information on
TriOptima offerings, visit: https://www.trioptima.com/
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing. With a range
of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima,
and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD,
TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
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SOURCE CME Group