Banks save €3.5bn in swaptions compression drive

Capitalab service has removed €1.3 trillion notional since September 2015, cutting bank capital requirements

Euro compression
Multilateral compression has eased the pressure on dealers

March 11, 2016: Updated to clarify that swaptions compression has helped banks reduce their leverage ratio exposure by €3.5 billion.

BGC Partners-owned Capitalab's multilateral swaptions compression service has generated around €3.5 billion ($3.84 billion) of leverage exposure reductions for its bank clients over the past six months, according to the firm's co-founders.

London-based Capitalab, which has 24 bank clients, has compressed €1.3 trillion of euro, sterling and yen swaptions notional

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