TriReduce expands compression to emerging markets
Mounting cost pressures are increasing appetite for the service
TriReduce, the multilateral portfolio-compression service offered by TriOptima, is being expanded to foreign exchange and emerging markets products, signalling a wider embrace for such products as cost pressures mount.
"Clients' appetite for compression has been fuelled by increased focus on gross notional, credit exposure and portfolio maintenance costs," says Michael Modlock, head of triReduce North America.
Using compression, banks are able to reduce their gross notional amounts while
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