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what is trioptima compression

TriOptima AB develops and provides solutions for the financial industry. TriOptima is a provider of critical post-trade infrastructure and risk management services for the OTC derivatives market. TriOptima is the award-winning provider of critical post trade infrastructure and risk management services for the OTC derivatives market. All of TriOptima’s services assist market participants in risk analysis and reduction in OTC derivative portfolios, and facilitate compliance with new regulatory initiatives in the US (under Dodd Frank), Europe (under EMIR), and other jurisdictions that have adopted the BIS/IOSCO standards for risk management. TriOptima was founded in Sweden in 2000 to manage risk in derivatives. This page was last modified on 25 February 2020, at 13:13. In 2018, TriOptima compressed $250 trillion gross notional value of trades at LCH SwapClear, an annual increase of 31%. TriOptima and CLS are leading providers of compression services. TriOptima then uses its compression algorithm to produce an unwind proposal that respects all the tolerance limits specified by each participating dealer. It has been used in the OTC derivatives market for several years. 08 August 2016 10:39 GMT+2 / Jeff Patterson SwapClear $190tn total (right hand chart) was dominated by fixed float IRS, OIS, FRA, Basis totalling $185tn 3. TriOptima risk mitigation services Optimize resources, keep pace with regulatory requirements and implement market best practices with our suite of services. The cycle took place on October 22, 2020 at LCH SwapClear. Portfolio reconciliation and collateral management, Modern Slavery Act Transparency Statement. The company is comprised of four Designated Contract Markets (DCMs). Detailed operational flow of Member-Initiated Compression is structured based on the flow of Vendor-Initiated Compression using TriOptima. CLS and TriOptima have been recognized as the Best Post-Trade Services Provider at the 13th FX Week e-FX awards for the triReduce CLS Forward FX Compression Service launched in 2015. triCalculate, a risk analytics service that manages risk and meets regulatory standards by evaluating the risk elements (PFE, XVA and sensitivities) of OTC derivative transactions using state-of-the-art gaming technology. Trioptima’s latest compression cycle. Manage the margin call and dispute resolution process and reduce risk through a single consolidated platform. Compression is a process of replacing multiple offsetting derivatives contracts with fewer deals of the same net risk to reduce the notional value of the portfolio. Last week it completed a successful portfolio compression cycle … Evaluate your margin requirements using our interactive margin calculator. The company was founded by Brian Meese and Derk Brouwer in … Search our directory for a broker that fits your needs. TriOptima‘s triReduce service offers such a service, both within the energy industry and within banking. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. 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. At TriOptima, a market-leading post-trade risk management service provider, the use of these services has seen phenomenal growth. In IRS cycles, unwind proposals identify trades that will be completely or partially terminated to produce the compression results. It is a key process to manage and reduce operational risks. The compression cycle runs monthly and enables both compression of trades as well as the ability to achieve net exposure reduction by adding new, offsetting trades. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support TriOptima’s compression service uses Icap, of which it is a subsidiary. Published June 12, 2012. TriOptima and CLS will offer compression for FX forwards. CME Group is the world's leading and most diverse derivatives marketplace. Published July 7, 2015. TriOptima has been working with firms on both issues using its triResolve service for portfolio reconciliation and triReduce services, for portfolio compression. Inflation volume (purple bar in the right-hand chart) was $3.2tn so in the 1-2% range of both S… Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. TriOptima, a provider of multilateral compression services for OTC markets, set a new record for its triReduce portfolio compression service in 2018, having compressed $250 trillion gross notional value of trades at LCH SwapClear.. A: The collaboration between CLS and TriOptima was fostered as international regulators encouraged compression services for non-centrally cleared OTC [over-the-counter] derivatives. TriOptima, however, compress between $19trn and $26trn each and every quarter. TriOptima AB provides post trade infrastructure and risk management services. Increase operational efficiency, save costs and stay compliant with regulations. Additional information on clearing and portfolio compression is available from TriOptima triReduce and ICE Clearing. In 2015 TriOptima announced a collaboration between triResolve, AcadiaSoft and DTCC/EuroClear to deliver end-to-end margin processing. LONDON and NEW YORK, Jan. 14, 2019 /PRNewswire/ — TriOptima, the leading multilateral compression provider that lowers costs and mitigates risk in OTC markets, today announced that it has set a new record for its triReduce portfolio compression service. Published 15 October 2013 . Originally in USD and EUR, the portfolio compression service expanded to 25 other currencies and to CDS (credit default swaps) and commodity derivatives. Trade compression is not a new idea. LONDON, Jan. 14, 2020 /PRNewswire/ -- TriOptima, the leading multilateral compression provider that lowers costs and mitigates risk in OTC markets, today announced that counterparties using the triReduce CLS FX compression service have eliminated $9.1 trillion of gross notional value from their FX forward portfolios in 2019. triReduce, its portfolio compression service, was introduced in 2003 to eliminate outstanding notional principal of interest rate derivatives. Peter Weibel, CEO of triReduce, TriOptima’s compression service, says: “It is more than just netting, compressed trades will actually cease to exist, eradicating the costs and risks associated with those trades. TriOptima’s services are all centralized, web-based services that do not require any costly internal systems modifications or software installation. Lower regulatory capital and manage cleared and non-cleared OTC derivatives across rates, FX and credit. The second type of compression is what Peter Weibel, CEO of TriOptima’s multilateral compression service, TriReduce, calls “risk constrained” compression, whereby trades with different maturity dates can be torn up, leaving a small residual change in market risk, fully controlled by a constraint set by the participating banks. Adding FX forward compression is an important expansion of the asset classes in our catalogue of compression services,” reiterated Peter Weibel, CEO of triReduce, TriOptima’s compression … TriOptima, which is part of the CME Group, has completed its first triReduce enhanced compression cycle to include sterling overnight index average (SONIA) risk replacement trades. It has been used in the OTC derivatives market for several years. See here for a press release about TriOptima’s latest completed compression cycle, which closed out a significant number of energy forwards and swaps. $243tn of single-sided gross notional of IRD was outstanding (left hand chart) of which SwapClear was $190tn 2. […] Below is a list of the Approved Compression Service Providers for SwapClear: - TriOptima AB - Quantile Technologies Limited - Capitalab, a division of BGC Brokers L.P. We collaborated with TriOptima to deliver triReduce CLS FX. TriOptima allows to reduce the size of OTC derivatives notional exposure|number of items in a Portfolio vs. each Counterparty in order to improve risk management. The record compression value in 2019 is up 71% from the previous year, and in the fourth quarter alone, TriOptima said the service compressed $4.9 trillion, up a significant 153% from the previous record quarter of activity in 2018. [4], TriOptima Launches triCalculate IM Analytics Tool for Initial Margin Compliance, CME’s TriOptima launches initial margin calculation tool, Mireille Dyrberg Looks at the Latest FinTech Trends, Per Sjöberg of TriOptima Discusses the Changing Regulatory Environment & Portfolio Reconciliation & Compression, http://marketswiki.com/wiki/index.php?title=TriOptima&oldid=219097, portfolio reconciliation, portfolio compression, triReduce, a portfolio compression service, that reduces notional principal outstanding and line items for bilateral credit, interest rate and commodity derivatives and for cleared interest rate OTC derivative trades and FX forwards, triResolve, a counterparty exposure management service that provides portfolio reconciliation, dispute resolution and margin management for OTC derivatives, triBalance, a counterparty risk rebalancing serivce for those with multiple clearing relationships. The service combines our central role in the FX market with TriOptima’s compression expertise. Securities Finance Times covers all the latest day-to-day news from the securities finance industry, exclusive interviews, features and country profiles For the past several years, derivatives conferences have been all about regulation. TriOptima, a NEX Group company, is the award-winning provider of OTC derivatives infrastructure services including triReduce and triResolve, and the Global OTC Derivatives Interest Rate Trade Reporting Repository (Rates Repository). These compression algorithms are implemented according to type of data you want to compress. TriOptima‘s triReduce service offers such a service, both within the energy industry and within banking. The firm, which is part of CME Group’s post trade risk management group, offers four main services: The company is based in Stockholm and has offices in London, New York, Singapore and Tokyo. Portfolio compression is an effective risk mitigation tool. The firm’s services have helped terminate over $110 trillion total notional volume in interest rate swaps since 2008. CME Group Jul 08, 2019, 04:00 ET. In our second example below the 4 original transactions would be replaced with one trade. As TriOptima advertises, their compression “pool” consists of 200 financial institutions worldwide as well as operating in 27 different currencies. The regulatory requirement for transaction reporting to swap data repositories. The company is engaged in offering web-based portfolio reconciliation and compression services in the OTC market. Below is a list of analyses of existing clearing services, comment letters to regulators and industry commitments related to ISDA and the industry’s work in OTC derivatives clearing and portfolio compression. The firm offers web-based portfolio reconciliation and compression solutions for the over the counter derivatives market. Portfolio compression is a risk reduction technique in which two or more counter- parties terminate some or all of their derivative contracts and replace them with another derivative whose market risk is the same as the combined notional value of all of the terminated derivatives. Reduce and optimize counterparty risk exposures. The service combines our central role in the FX market with TriOptima’s compression expertise. With the growth of clearing, TriOptima began offering compression services for cleared trades in clearinghouses like LCH SwapClear, SGX and JSCC resultin… The firm completed the compression run of Euro cleared inflation swaps through the triReduce service on 19 July, and it plans to go live with Sterling and US Dollar cleared inflation swap compression at LCH soon. TriOptima and CLS are leading providers of compression services. Henrik Nilsson is Head-Business Development at TriOptima AB. Last week it completed a successful portfolio compression cycle … Changes in regulation in the US and Europe accelerated the growth of portfolio reconciliation and subscription to triResolve. Compression has become a topic du jour for the financial technology trade press. TriOptima's triReduce service offers portfolio compression on OTC Derivatives. Trade compression is not a new idea. CLS Group, which provides risk mitigation and operation services for the global foreign-exchange market, and TriOptima, a technology company providing OTC derivatives post-trade and risk reduction services, are making improvements to the triReduce CLS FX Forward Compression Service.. CLS and TriOptima have launched the triReduce CLS Forward FX Compression Service and completed the first successful compression cycle. Per Sjöberg spoke with JLN’s Jim Kharouf about the changing landscape. With tailored compression, the system attempts to derive a compression dictionary tailored specifically to the initial data written to the data set. For example, investment firms and market operators providing portfolio compression are exempt from certain obligations like Best Execution or … Originally in USD and EUR, the portfolio compression service expanded to 25 other currencies and to CDS (credit default swaps) and commodity derivatives. Rughani, TriOptima: With multilateral compression the biggest difference is that it requires more than one single client. These compression algorithms are implemented according to type of data you want to compress. Simplify compliance to initial margin requirements by providing SIMM™ inputs in-line with the latest SIMM™ model, including delta, vega and curvature calculations. triReduce, its portfolio compression service, was introduced in 2003 to eliminate outstanding notional principal of interest rate derivatives. This enables quick and easy access to the services, and rapid delivery of results and reports after processing. 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.. Created by Approved compression service providers ( as defined in the FX market with trioptima to triReduce... In system blocks which are imbedded within the energy industry and within banking source help! October 22, 2020 at LCH SwapClear, an annual increase of 71 % only available for non-cleared.! Statistics can help you configure our services to work for you the bond market moved to. Interactive margin calculator more insights identify trades that will be completely or partially to! In 2019 from anywhere at anytime transaction reporting to swap data repositories and! 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