Category: Institutional

TriOptima sets new triReduce portfolio compression service record
January 15, 2019 BY Valentina Kirilova

TriOptima sets new triReduce portfolio compression service record

TriOptima, a CME Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, has announced that it has set a new record for its triReduce portfolio compression service. LeapRate reminds that triReduce compression service hit quadrillion dollar milestone in notional principal eliminated back in June 2017. TriOptima, on the other hand, compressed $250…

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cme building
January 15, 2019 BY Valentina Kirilova

CME Group's Asia Pacific ADV up 45% from Q4 2017

Derivatives marketplace CME Group (NASDAQ:CME) has announced that it achieved Asia Pacific average daily volume (ADV) of 921,000 contracts in Q4 2018, up 45% from the corresponding period in 2017: Equity products up 201%, Interest Rates up 42%, and Energy products up 35%. For the full year 2018, Asia Pacific ADV stood at 862,000 contracts,…

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INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets
January 10, 2019 BY Valentina Kirilova

Former NASDAQ Europe Vice Chairman joins ID/KYC ready blockchain Concordium

Concordium Foundation, the Swiss non-profit behind the Concordium Network blockchain, has just added two new team members: Former Vice Chairman of NASDAQ Europe Hans-Ole Jochumsen to the advisory board, and Cryptographer Ivan Damgård as Cryptography Lead on Concordium’s Core Science Team. Hans-Ole Jochumsen comes from ten years at NASDAQ, rising to President in 2015 and…

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Stax Inc. teams up with Coleman Research
January 09, 2019 BY Valentina Kirilova

Ampleforth completes second security audit

Ampleforth, a decentralized store of value protocol, has just announced the completion of a second security audit. The first audit was completed by Chinese security firm SlowMist over the course of 1 week and reported no vulnerabilities. The second audit was conducted by Trail of Bits, a New York-based security firm. From November 5, 2018…

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LCH SwapAgent completes its first trades compression
January 09, 2019 BY Valentina Kirilova

LCH SwapAgent completes its first cross-currency swap compression

LCH SwapAgent has just announced that €4.5 billion in notional of trades registered in LCH SwapAgent were successfully compressed in TriOptima’s multilateral USD/EUR cross-currency swap compression cycle. Compression is the process by which members can eliminate offsetting trades to reduce notional outstanding and the number of line items in a portfolio. Capital requirements such as…

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DTCC - new additions to the Board
January 08, 2019 BY Valentina Kirilova

DTCC to provide derivatives trade reporting services in Switzerland

The Depository Trust & Clearing Corporation (DTCC) has announced that it has received regulatory approval from the Swiss Financial Market Supervisory Authority. DTCC will now be able to provide trade reporting services in Switzerland via DTCC’s Global Trade Repository service (GTR) in Europe. GTR will further expand its services to market participants in support of reporting…

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National Grid reaches agreement with gas workers
January 08, 2019 BY Valentina Kirilova

National Grid reaches agreement with gas workers

British multinational electricity and gas utility company National Grid plc (LON:NG) has just announced that it has reached a satisfactory agreement over employment terms & conditions with two unions representing workers of the company's Massachusetts Gas business. National Grid plc is headquartered in Warwick, United Kingdom. Its principal activities are in the United Kingdom and Northeastern…

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Bank of China (UK) Limited joins LCH’s SwapClear
January 07, 2019 BY Valentina Kirilova

Another record year for LCH Group

The global clearing house LCH has just announced that 2018 was a record year for volumes across its clearing services at LCH Ltd and LCH SA. Equities, fixed income, and OTC derivatives clearing services all surpassed 2017’s clearing activity. Daniel Maguire, CEO, LCH Group, commented: 2018 was a strong year of delivery and innovation at…

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CLS Group trading volumes
January 07, 2019 BY Valentina Kirilova

CLS Group ADV volume down 7% MoM in December

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of December 2018. The average daily traded volume submitted to CLS was USD1.56 trillion - down 7.4% from USD1.68 trillion in November 2018.   Average daily traded volume submitted to CLS by…

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