TriOptima completes krona compression cycle
18 April 2016 London
Image: Shutterstock
TriOptima has partnered with Nasdaq to complete its first triReduce compression cycle for Swedish krona swaps.
Nasdaq members completed the first successful compression cycle for interest rate swaps in the currency, which, according to TriOptima, eliminated over 40 percent of the cleared outstanding swap inventory.
Johan Rud茅n, senior vice president and head of Nordic fixed income at Nasdaq, said: 鈥淲ith the new capital requirements under Basel III, banks and clearing brokers need to look for additional ways to reduce exposures as well as notional outstanding on their balance sheets.鈥�
Peter Weibel, CEO of triReduce, said: 鈥淭riOptima鈥檚 collaboration with Nasdaq enables their clearing members to streamline their portfolios and increase their capital efficiencies while contributing to an overall reduction in systemic risk.鈥�
Nasdaq members completed the first successful compression cycle for interest rate swaps in the currency, which, according to TriOptima, eliminated over 40 percent of the cleared outstanding swap inventory.
Johan Rud茅n, senior vice president and head of Nordic fixed income at Nasdaq, said: 鈥淲ith the new capital requirements under Basel III, banks and clearing brokers need to look for additional ways to reduce exposures as well as notional outstanding on their balance sheets.鈥�
Peter Weibel, CEO of triReduce, said: 鈥淭riOptima鈥檚 collaboration with Nasdaq enables their clearing members to streamline their portfolios and increase their capital efficiencies while contributing to an overall reduction in systemic risk.鈥�
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