The risk reducers
The credit crisis has decimated the balance sheets of many large dealers and investors since the second half of 2007. But the increased focus on mitigating counterparty credit and operational risk has put the spotlight on the post-trade services offered by Swedish technology firm, TriOptima. Rob Davies reports
Despite the best efforts of major dealers and buy-side firms, the announcement in April by the International Swaps and Derivatives Association that backlogs in over-the-counter credit derivatives are again on the rise has given fresh impetus to initiatives to improve operational efficiency.
According to Isda's 2008 Operations Benchmarking Survey, the average backlog for credit derivatives increased
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