TriReduce hits $1 quadrillion in swaps compressions

Demand has been high as banks seek to lower exposures

Winning number: "Hitting the $1 quadrillion mark is a significant achievement for the market" - Peter Weibel

Nex Optimisation announced on June 28 that participants in its triReduce compression service have eliminated more than $1 quadrillion, or $1,000 trillion, in over-the-counter derivatives notional principal since its introduction in 2003.

The Nex Group-owned, multilateral, risk-constrained service offers compression for cleared and non-cleared interest rate swaps in 28 currencies, cross-currency swaps, inflation swaps, credit-default swaps, FX forwards and commodity swaps. Eliminating

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: