LONDON and NEW
YORK, July
8, 2019 /PRNewswire/ -- TriOptima, a leading
infrastructure service that lowers costs and mitigates risk in OTC
derivatives markets, today announced that it has reduced notional
outstanding at Eurex Clearing by 26% following a record compression
run on June 26, 2019.
The latest run, which equates to $3.9
trillion worth of cleared euro interest rate swaps (IRS) and
Forward Rate Agreements (FRAs), represents a 143% increase on the
previous record of $1.6 trillion.
The record comes as market participants continue to utilise
TriOptima's triReduce service to cut their gross notional exposure.
By eliminating transactions through triReduce in a clearing house
environment, firms go one step further to meeting regulatory
demands of reducing systemic risk across the global financial
markets.
"TriOptima is pleased to have helped market participants reduce
their notional outstanding at Eurex Clearing in such a meaningful
way. This degree of compression underlines the impact of our
unparalleled multilateral network, bringing the most members
together in a single venue to deliver significant operational and
capital savings," said Michael Modlock, Global Head of Sales and
Relationship Management, triReduce. "Working with Eurex Clearing
since 2015, our unrivalled low-touch service continues to see
greater efficiencies as membership grows and inventory
increases."
"We are extremely pleased with this record triReduce compression
cycle. It highlights the importance of reducing gross notional
exposures for our clients as they continue to develop OTC liquidity
at Eurex Clearing. This reinforces how vital compression services
such as triReduce are to delivering regulatory and capital
efficiencies to the market," said Danny
Chart, Head of Business Development at Eurex Clearing.
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. TriOptima AB is regulated
by the Swedish Financial Supervisory Authority for the reception
and transmission of orders in relation to one or more financial
instruments. TriOptima AB is registered with the US National
Futures Association as an introducing broker.
About Eurex Clearing
Eurex Clearing is one of the
leading central counterparties globally — assuring the safety and
integrity of markets while providing innovation in risk management,
clearing technology and client asset protection. Eurex Clearing
serves about 200 Clearing Members in 20 countries, managing a
collateral pool of EUR 56 billion and
clearing trades valued at EUR 23
trillion (double counted) every month.
CME-G
View original
content:http://www.prnewswire.com/news-releases/trioptima-record-compression-shrinks-notional-in-eurex-clearing-300880230.html
SOURCE CME Group