CLS and TriOptima compress $1 trillion in forwards and swaps
The combined effort to reduce the size of outstanding portfolios crosses the $1 trillion mark in just over one year
Foreign exchange settlement utility CLS and post-trade risk management services provider TriOptima have announced the successful compression of $1 trillion in gross notional value of FX forwards and swaps through the triReduce CLS FX Forwards Compression Service.
The two firms partnered in October 2015, to offer a service that would allow counterparties to reduce the size of their outstanding portfolios without any impact on their market positions. Forwards and swaps are terminated and replaced
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