LSEG has announced that Post Trade Solutions has successfully completed its first GBP/USD multilateral compression run at SwapAgent, the service for the non-cleared derivatives market. Post Trade Solutions brings together Quantile, Acadia and SwapAgent to minimise risk, reduce cost, and improve capital efficiency. This development enables participants to target the majority of cross currency swaps and directly responds to the needs of market participants.
Andrew Williams, CEO of Post Trade Solutions, LSEG, said: ‘At Post Trade Solutions, we are continually looking for ways to improve the post trade landscape and enhance our services as the market evolves. Adding multilateral compression runs to currency pairs at SwapAgent that are most demanded by our network provides customers with material gross notional reduction while increasing efficiency. We have already seen good adoption of the service, and we look forward to delivering more compression at SwapAgent as the network grows.’’
