TriOptima, leading provider of OTC derivative post trade risk services, announces today that its triReduce service has been named Global Capital’s Derivatives Compression Provider of the Year. TriOptima received the award at the Global Capital Derivatives Awards dinner in London on the evening of September 18, 2014.
Robert McGlinchey, editor of Global Capital Derivatives, said, "Due to the strength of its buyside and sellside client feedback, TriOptima was ranked as the top derivatives compression provider of the year globally. The firm has been at the forefront of innovation and expansion in a market where compression is becoming an increasingly fundamental tool for market participants."
Peter Weibel, CEO of triReduce, said, “We are honored to receive this award especially as we have just passed the $500 trillion mark in notional principal eliminated. We want to thank all of our customers and Global Capital Derivatives for their support and recognition.”
Currently triReduce offers compression in: cleared and uncleared Interest Rate Swaps (including FRAs and Overnight Index Swaps); Cross Currency Swaps; Credit Derivatives; and Commodity Swaps. Inflation Swap and FX Forward compression cycles will be introduced soon.