Friday, June 30, 2017

I think I know what they do

triReduce is a multilateral risk-constrained compression service that offers compression for cleared and non-cleared interest rate swaps in 28 currencies, cross currency swaps, inflation swaps, credit default swaps, FX forward, and commodity swaps. Eliminating unnecessary swap inventory contributes to enhanced credit risk and capital management, reduces operational costs and risk, improves leverage ratios, and reduces systemic risk.Peter Weibel, CEO of triReduce, said: "Hitting the $1 quadrillion mark is a significant achievement for the market. Our clients, both dealers and the buy side, are focused on eliminating as much notional principal as possible to meet regulatory goals and to manage their own balance sheets. We are proud to have worked together with our clients and other infrastructure providers where possible to achieve this goal."
A bit of the old multi-color pit boss. But behind the scenes its  all a complex of two colors. 
But, good work anyway, coming to a sandbox near you. 

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