Derivatives risk optimisation firm, Quantile Technologies Limited, today announced it has completed its first successful compression run with seamless execution at LCH, the multi-national clearing house controlled by the London Stock Exchange Group.
The news is an important milestone for Quantile and follows its recent appointment as an Approved Compression Service Provider at LCH’s SwapClear service, which enhances the company’s offering that delivers a risk reduction service for the derivatives industry. LCH has started offering compression services in 2008 and Quantile was the first service provider to be given this status in nearly a decade.
Swaps portfolio compression is the process by which clearing members and their clients can ‘tear-up’ offsetting trades to reduce the notional outstanding and number of line items in their portfolio.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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