Securities Finance Times covers all the latest day-to-day news from the securities finance industry, exclusive interviews, features and country profiles Published 15 October 2013 . We’re here to help you configure our services to work for you. TriOptima is a technology company providing OTC derivatives post trade risk management and infrastructure services such as portfolio compression and portfolio reconciliation for OTC derivatives market participants. TriOptima’s core compression product, triReduce, continued to set new records in 2019. This technique uses various algorithm to do so. Manage the margin call and dispute resolution process and reduce risk through a single consolidated platform. The service combines our central role in the FX market with TriOptima’s compression expertise. TriOptima, which is owned by NEX Group, runs compression cycles for cleared and uncleared swaps, enabling swaps users to avoid millions of events in … View Henrik Nilsson’s professional profile on Relationship Science, the database of decision makers. 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. Understand how the bond market moved back to its normal trading range, despite historic levels of volatility. At TriOptima, a market-leading post-trade risk management service provider, the use of these services has seen phenomenal growth. Inflation swaps are a somewhat specialised corner of the IRDtrading world. With tailored compression, the system attempts to derive a compression dictionary tailored specifically to the initial data written to the data set. 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. In our second example below the 4 original transactions would be replaced with one trade. TriOptima and CLS will offer compression for FX forwards. It also develops termination systems. 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. We collaborated with TriOptima to deliver triReduce CLS FX. TriOptima and CLS are leading providers of compression services. The service combines our central role in the FX market with TriOptima’s compression expertise. See here for a press release about TriOptima’s latest completed compression cycle, which closed out a significant number of energy forwards and swaps. 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. Henrik Nilsson is Head-Business Development at TriOptima AB. TriOptima Sees Inaugural $664B Compression Cycle For MXN Swaps TriOptima has erased 35% of the cleared MXN notional principal outstanding in CME in its first compression cycle. The regulatory requirement for transaction reporting to swap data repositories. TriOptima Record Compression Shrinks Notional in Eurex Clearing News provided by. Portfolio Reconciliation. Changes in regulation in the US and Europe accelerated the growth of portfolio reconciliation and subscription to triResolve. Trade compression is not a new idea. The company is comprised of four Designated Contract Markets (DCMs). Thus, you can begin to appreciate the unification as eurodollar, or “dollar”, becomes still further literally intangible. We could probably double that if we looked at OIS data as well. Stream live futures and options market data directly from CME Group. In 2008, TriOptima collaborated with Swap Clear under theLCHgroup(whichisamajorityholdingofthe London Stock Exchange group), to begin offering TriOptima announced today that it has completed the first portfolio compression cycle following a restructuring event under the newly-implemented ISDA 'Small Bang Protocol'. 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.. TriOptima AB provides post trade infrastructure and risk management services. 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. Create a CMEGroup.com Account: More features, more insights. Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. TriOptima has been working with firms on both issues using its triResolve service for portfolio reconciliation and triReduce services, for portfolio compression. 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. Sonia, which is the reference free rate to replace Libor, is based on actual transactions. Provider of portfolio reconciliation services. “We believe it is better to have an independent partner managing execution, rather than trusting the Chinese wall of a large interdealer broker,” says Biase. $243tn of single-sided gross notional of IRD was outstanding (left hand chart) of which SwapClear was $190tn 2. TriOptima General Information Description. TriOptima then uses its compression algorithm to produce an unwind proposal that respects all the tolerance limits specified by each participating dealer. The firm’s services have helped terminate over $110 trillion total notional volume in interest rate swaps since 2008. TriOptima risk mitigation services Optimize resources, keep pace with regulatory requirements and implement market best practices with our suite of services. These compression algorithms are implemented according to type of data you want to compress. Portfolio reconciliation and collateral management, Modern Slavery Act Transparency Statement. In IRS cycles, unwind proposals identify trades that will be completely or partially terminated to produce the compression results. 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. TriOptima then uses its compression algorithm to produce an unwind proposal that respects all the tolerance limits specified by each participating dealer. The ongoing regulatory overhaul is forcing more firms to find ways to reduce risk and improve capital efficiencies. [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. 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