TriOptima to deploy FX compression service with CLS
FX forwards and banks to be the primary focus
Icap-owned TriOptima has teamed up with foreign exchange settlement utility CLS to garner support for an FX forwards compression service they hope to bring to the market later this year.
TriOptima, which focuses on post-trade risk management services and infrastructure for over-the-counter derivatives, will initially target banks as they have direct relationships with CLS.
TriOptima, which has been looking at compression services for more than a decade in other asset classes, has now turned to
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