TriOptima opens New York office

Stockholm-based technology firm TriOptima has opened a New York office and hired Susan Hinko as managing director of TriOptima North America.

Hinko has previously worked as president of the Institute for Financial Markets, a Washington-based non-profit body that offers educational training for participants in the futures industry.

She has also held senior positions at Icor, an over-the-counter derivatives trading platform, and the International Swaps and Derivatives Association.

TriOptima UK has also appointed Hans Patyne as managing director for Europe, the Middle East and Africa and as global head of sales and marketing for London and Singapore. His previous roles include head of structured product sales at CDC Ixis Capital Markets in London and head of derivatives sales at Dresdner Kleinwort Benson in Frankfurt.

The expansion comes after the Swedish firm successfully introduced tear-up cycles to oil swaps in January and credit default swaps in January, in addition to interest rates. Most recently it incorporated Markit’s Red database to the credit cycle. The service, called triReduce, aims to reduce gross positions in a portfolio while maintaining the same net risk position to reduce operational risks and costs.