TriOptima

• Technology

TriOptima to use Markit's Red database

TriOptima, a Swedish technology firm specialising in tear-ups of unwanted over-the-counter swaps from counterparties’ portfolios, has teamed up with Markit to use its reference entity database (Red).

• 07 Feb 2005

• Technology

TriOptima launches oil swap tear-up service

TriOptima, the Stockholm-based financial technology firm specialising in an over-the-counter swap 'tear-up' service, has extended its capabilities to oil swaps.

• 28 Jan 2005

• Infrastructure

TriOptima terminates €420 billion in rate swaps

The delayed first run of TriOptima’s swap tear-up service, TriReduce, eliminated 7,880 euro-denominated interest rate swaps with a notional value of €420 billion – or about a fifth of the notional value of the credit derivatives market.

• 30 Apr 2003

• Infrastructure

TriOptima’s swap tear-up service readies for March launch

TriReduce, an interest rate swaps tear-up service developed by Stockholm-headquartered TriOptima, may start its first run in late March, following a delay of about three months due to documentation and technology hook-up issues.

• 04 Feb 2003