Press release
July 11, 2007
TriOptima wins Risk Magazine’s 20th Anniversary Industry Trade Processing Platform Award
In a ceremony at the Royal Courts of Justice in London, TriOptima was presented with Risk Magazine’s 20th Anniversary award for industry trade processing platform.
triReduce, TriOptima’s multilateral termination service for credit, interest rate and energy swaps was cited for its contributions in reducing operational, legal and counterparty credit risks. Since its introduction in 2003 through May 2007, more than 100 market participants have terminated 192,000 interest rate swap contracts in 12 currencies and 263,000 credit default single name and index transactions.
Brian Meese, TriOptima’s CEO, commented “We are proud to receive this award which looks back over the last 20 years to single out companies that have been of particularly meaningful service to the industry. It is a special honor to win the award in competition with industry colleagues like DTCC, LCH and SwapsWire, who were all nominated.”
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 an efficient, 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.net
Hans Patyne, Global Head of Sales and Marketing
Tel: +44 20 7000 5230
hans.Patyne@trioptima.net