Using LCH.Clearnet’s SwapClear service the total notional principal of cleared interest rate swaps reached over $200 trillion. CEO have an even more ambitious compression schedule for the year of 2014.
TriOptima, ICAP's post-trade Risk Management infrastructure division, has announced today that it has resumed its triReduce compression cycles within LCH.Clearnet’s SwapClear service, eliminating $16 trillion in notional principal with one EUR and one USD interest rate swap cycle during the last month of 2013. This latest figure brings the cumulative total of notional compressed by TriOptima and SwapClear to $204 trillion.
Utilizing the triReduce service, members are able to pull apart their existing trades at their own mid mark-to-market valuations so the negotiation of a bilateral termination is redundant and the number of eliminated trades increases. TriOptima has been offering this service since 2003 and is now available in 25 currencies with around 180 regional and global institutions participating worldwide.
The importance of multilateral interest rates swaps compression for the Forex industry is that it reduces the overall costs of interbank multi-currency transfers required to settle trades between different trading desks. This process has made a considerable impact in reducing fees which in turn has led to tighter FX spreads over the last three years.
TriOptima stated in the announcement that with the resumption of triReduce multilateral compression in December 2013, 33 SwapClear clearing members reduced their gross notional outstandings by almost $43 trillion last year. Lower gross notional exposure contributes to bringing an institution’s leverage ratio in line with regulatory expectations, important in today's world. Trade compression cycles also help ensure post-trade efficiency. Running regular cycles in a range of currencies reduces both the gross notional and the number of outstanding OTC derivative transactions in the Clearing House.
Peter Weibel, the CEO of triReduce, commented in the announcement: “We know there is strong interest from customers to eliminate as much gross notional exposure as possible in the Clearing House, and we have collaborated with LCH.Clearnet’s SwapClear service and its clearing members to develop an ambitious compression schedule for 2014.”
Daniel Maguire, head of LCH.Clearnet SwapClear US added: “Our clearing members are under increasing pressure to reduce notional outstanding due to the emerging capital rules on derivatives, and the reintroduction of the triReduce compression service within SwapClear is therefore a key component of our offering.”
TriOptima, ICAP's post-trade Risk Management infrastructure division, has announced today that it has resumed its triReduce compression cycles within LCH.Clearnet’s SwapClear service, eliminating $16 trillion in notional principal with one EUR and one USD interest rate swap cycle during the last month of 2013. This latest figure brings the cumulative total of notional compressed by TriOptima and SwapClear to $204 trillion.
Utilizing the triReduce service, members are able to pull apart their existing trades at their own mid mark-to-market valuations so the negotiation of a bilateral termination is redundant and the number of eliminated trades increases. TriOptima has been offering this service since 2003 and is now available in 25 currencies with around 180 regional and global institutions participating worldwide.
The importance of multilateral interest rates swaps compression for the Forex industry is that it reduces the overall costs of interbank multi-currency transfers required to settle trades between different trading desks. This process has made a considerable impact in reducing fees which in turn has led to tighter FX spreads over the last three years.
TriOptima stated in the announcement that with the resumption of triReduce multilateral compression in December 2013, 33 SwapClear clearing members reduced their gross notional outstandings by almost $43 trillion last year. Lower gross notional exposure contributes to bringing an institution’s leverage ratio in line with regulatory expectations, important in today's world. Trade compression cycles also help ensure post-trade efficiency. Running regular cycles in a range of currencies reduces both the gross notional and the number of outstanding OTC derivative transactions in the Clearing House.
Peter Weibel, the CEO of triReduce, commented in the announcement: “We know there is strong interest from customers to eliminate as much gross notional exposure as possible in the Clearing House, and we have collaborated with LCH.Clearnet’s SwapClear service and its clearing members to develop an ambitious compression schedule for 2014.”
Daniel Maguire, head of LCH.Clearnet SwapClear US added: “Our clearing members are under increasing pressure to reduce notional outstanding due to the emerging capital rules on derivatives, and the reintroduction of the triReduce compression service within SwapClear is therefore a key component of our offering.”
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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