Acclaimed new TriOptima service may not have a future
Stockholm-based TriOptima has designed a way to transfer unclearable risk into a central counterparty. All the company has to do now is convince the world’s regulators to change their rules. By Michael Watt
Launched with a fanfare in April, TriOptima’s new risk-reducing service, triBalance, is wowing its target customers – the dealers – but its fate hangs in the balance. For the service to work, it needs an exemption from incoming rules on central clearing, and regulators are worried a product-specific exemption would amount to an officially sanctioned monopoly, while a broader carve-out could leave a loophole in the new regime. If those concerns cannot be resolved, the product will die as soon as
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