Non-cleared swaps compression battle heats up
Quantile, LMRKTS, Capitalab and triBalance jostle for supremacy in IM optimisation
Fintech vendors are competing to reduce the amount of initial margin (IM) dealers must post on non-cleared derivatives trades; though banks caution that some solutions being tabled may prove too complex or costly to merit the investment, and that there is likely room for only one or two to survive.
Quantile Technologies, LMRKTS, BGC’s Capitalab, and Nex’s triBalance have all run dummy and live optimisation exercises with groups of banks in recent months, using multilateral portfolio compression
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