TriReduce hits $1 quadrillion in swaps compressions
Demand has been high as banks seek to lower exposures
Nex Optimisation announced on June 28 that participants in its triReduce compression service have eliminated more than $1 quadrillion, or $1,000 trillion, in over-the-counter derivatives notional principal since its introduction in 2003.
The Nex Group-owned, multilateral, risk-constrained service offers compression for cleared and non-cleared interest rate swaps in 28 currencies, cross-currency swaps, inflation swaps, credit-default swaps, FX forwards and commodity swaps. Eliminating
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Currency Derivatives
Kace to offer electronic distribution of FX options in China
Huge potential for China’s FX options market, but regulation and digital transformation are key
NDF nightmare: banks seek fix for benchmark ‘mess’
European firms face being barred from using three Asian fixings from 2020, raising concerns about legacy trades
Asian buy side faces non-cleared margin currency penalty
Global banks charge premium for accepting local securities instead of major currencies
CME to launch weekly Wednesday FX options
The exchange already offers weekly FX options expiring on Fridays
BIS warns of $13 trillion hidden debt hole
Trillions of dollars of FX derivatives are not being accounted for when calculating the level of debt in the global economy
CME's Pandit: NDFs and FX options in focus
CME Group gears up for launch of cash-settled FX options clearing in Q4 2017, following a busy first half
FX forwards users drop EU banks over margin rule
Other dealers do not have to collect margin on physically settled forwards
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018
