CLS and TriOptima compress USD 1 trillion in FX forwards and swaps

First Published by e-Forex News: March, 2017

David Puth
David Puth

CLS Group and TriOptima have eliminated USD1 trillion in gross notional value from their outstanding FX forward and swap portfolios using the triReduce CLS FX Forward Compression Service. David Puth, CEO of CLS, comments: “This is a significant milestone for the compression service which has shown substantial growth over the last year, both in the number of participating banks and in the amount of notional reduced.

The enhancement to the service will create additional value for our clients, enabling them to further improve their leverage ratios and significantly reduce risk in the FX market.”