CLS and TriOptima launch new service

CLS Group (CLS) and TriOptima have launched the triReduce CLS Forward FX Compression Service completing the first successful compression cycle for FX forwards and swaps transactions.

First Published by e-Forex News: January, 2016

David Puth

David Puth

CLS Group (CLS) and TriOptima have launched the triReduce CLS Forward FX Compression Service completing the first successful compression cycle for FX forwards and swaps transactions.  

David Puth, CEO of CLS, comments: “Trade compression is a vital tool in managing risk, leading to strong market demand for a compression service for FX forwards and swaps. By combining CLS’s infrastructure, network and expertise in the FX market with TriOptima’s knowledge of the OTC derivatives environment and experience with compression in other asset classes, this new service enables institutions to efficiently reduce counterparty and credit exposure and to meet global regulatory requirements.”