TriOptima completes biggest ever swap tear-up

The company said it has so far terminated around 2.1% of the total $94 trillion of outstanding inter-dealer interest rate derivatives contracts since its launch in April this year.

TriOptima currently has 28 subscriber banks and has run eight tear-up services since inception, totalling $2 trillion in euro, dollar and sterling swaps. The company said the next major round of terminations, scheduled for euro-denominated swaps, will involve around 30 banks and will be executed in October this year.

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At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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