Press release
June 25, 2007
TriOptima named one of 21 companies shaping the future of finance
Financial News named TriOptima in its second annual list of 21 technology companies for the 21st century shaping the future of finance.
Citing both its “flagship” multilateral terminations product, triReduce, and its recently-launched portfolio reconciliation service, triResolve, Financial News included TriOptima in a list of 21 “companies with innovative technology, a clear vision of how they might improve the markets in which they operate and … some track record of success…” (June 25, 2007).
triReduce offers derivative dealers regular opportunities to reduce their outstanding derivative portfolios in CDS, IRS and energy swaps through a multilateral termination service. The portfolio reconciliation service, triResolve, has already been adopted by several major dealers including Barclays, Credit Suisse, Goldman Sachs, Morgan Stanley, UBS, and Wachovia to transform collateral management into a proactive, rather than dispute driven process. Over 1.4 million transactions were reconciled in May through the triResolve service.
Hans Patyne, Global Head of Sales, commented “We are pleased to be seen as one of the leaders in post trade processing in the 21st century. We continue to assess our subscribers’ needs and offer new solutions to the challenges of a growing industry.”
About TriOptima
TriOptima is the award-winning supplier of technology-based post trade processing services. triReduce, its multilateral termination service for OTC derivative contracts, pioneers technology that eliminates risk and reduces operational and capital costs. triResolve, its web-based derivatives portfolio reconciliation service for collateral managers, transforms portfolio reconciliation into a proactive process.
With over 100 bank and non-bank subscribers worldwide including the major local and global dealers in derivatives, TriOptima offers critical tools for post trade efficiency.
TriOptima maintains offices in Stockholm, London, New York, and Singapore.
TriOptima is a privately-held company owned by its employees and directors. ICAP plc holds a significant minority stake.
For further information please contact:
Susan Hinko, Head of Market Communications
Tel: +1 646 344 7101
susan.hinko@trioptima.com
Hans Patyne, Global Head of Sales and Marketing
Tel: +44 20 7000 5230
hans.Patyne@trioptima.com