18 April 2016
London
Reporter: Stephanie Palmer

TriOptima completes krona compression cycle


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 Rudén, senior vice president and head of Nordic fixed income at Nasdaq, said: “With 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.”

Peter Weibel, CEO of triReduce, said: “TriOptima’s 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.”

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