Quantile and TriOptima face off in cleared swaps compression battle
Vendors both unveil new means for clearing members to crunch cleared rate swap notionals
Rival companies are competing to compress trillions of dollars in cleared swap notionals at LCH as banks continue to fret over the impact of derivatives exposures on their regulatory capital requirements.
Quantile, a start-up derivatives risk optimisation firm headed by former International Swaps and Derivatives Association chairman Stephen O’Connor, was appointed an approved compression service provider on LCH’s SwapClear service on October 9, and completed its first compression run on October
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