Phase 6 of the Uncleared Margin Rules has been implemented today, with the regulation having the biggest impact on the buy-side yet. Industry experts react to the deadline, giving insights on where we stand today.
Direct connectivity to the four main tri-party agent firms aims to help asset managers as the next phase of the uncleared margin rules looms.
The service allows banks to reduce their exposure and the size of their OTC derivatives portfolios by eliminating trades with mismatched cash flow dates.
First, triReduce enhanced compression on Japanese yen cycle has been conducted by TriOptima.
The benchmark compression cycle via the triReduce service took place on 22 October at LCH SwapClear.
BrokerTec and TriOptima collaboration aims to solve operational burden around manual processes for repo trading.
TriOptima’s triResolve Margin collateral management service can connect clients to the SWIFT custody network for cash transfers and securities settlement.
The record compression activity is up 71% from last year, with triReduce CLS FX compressing $4.9 trillion in the fourth quarter alone.
Banks are increasingly turning to compression to mitigate costs and risks, TriOptima said.
TriOptima’s former CEO and Goldman Sachs veteran Stuart Connolly has been named chief executive at CloudMargin.