{"id":518659,"date":"2021-07-28T04:03:14","date_gmt":"2021-07-28T08:03:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/"},"modified":"2021-07-28T04:03:14","modified_gmt":"2021-07-28T08:03:14","slug":"trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/","title":{"rendered":"TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">LONDON<\/span> and\u00a0CHICAGO and\u00a0SYDNEY, <span class=\"xn-chron\">July 28, 2021<\/span> \/PRNewswire\/ &#8212; TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, announced today that the Australian Securities Exchange (ASX) has gone live with the triReduce compression service.<\/p>\n<p>The service allows firms to reduce or eliminate their trades within the exchange&#8217;s clearing house, including those trades with mismatched cash flow dates, thereby reducing the size of their cleared OTC derivatives portfolio. To manage capital pressures, local and global banks can now complete regular compression runs in the region and benefit from a reduction in capital, risk and operational costs.<\/p>\n<p>&#8220;We are delighted to support ASX in offering compression to their clearing members. This further expands the list of clearing houses that TriOptima partners with, and is testament to our truly global service,&#8221; said <span class=\"xn-person\">Philip Junod<\/span>, Senior Director, triReduce and triBalance business management. &#8220;Regardless of where in the world market participants choose to clear, they can be confident of compressing their OTC trades to better manage their exposures.&#8221;<\/p>\n<p>&#8220;Compression services lower costs and drive operational efficiency for users of OTC derivatives,&#8221; added Allan McGregor Senior Manager, Rates at ASX. &#8220;In partnership with TriOptima, ASX has invested in this critical service for our OTC clearing customers who are looking to reduce operational risk and lower capital costs in accordance with domestic and global capital requirements<span id=\"spanHghlt6081\">.&#8221;<\/span><\/p>\n<p>For more information on triReduce, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=4100608990&amp;u=http%3A%2F%2Fwww.trioptima.com%2Ftrireduce%2Ftrireduce-rates&amp;a=www.trioptima.com%2Ftrireduce%2Ftrireduce-rates\" rel=\"nofollow noopener\">www.trioptima.com\/trireduce\/trireduce-rates<\/a> or contact us at <a target=\"_blank\" href=\"mailto:info@trioptima.com\" rel=\"nofollow noopener\">info@trioptima.com.<\/a><\/p>\n<p>As the world&#8217;s leading and most diverse derivatives marketplace, CME Group (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=3117783514&amp;u=http%3A%2F%2Fwww.cmegroup.com%2F&amp;a=www.cmegroup.com\" rel=\"nofollow noopener\">www.cmegroup.com<\/a><\/u>) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data \u2013 empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=300236045&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Finterest-rates%2Findex.html&amp;a=interest+rates\" rel=\"nofollow noopener\">interest rates<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=991715595&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fequity-index%2Findex.html&amp;a=equity+indexes\" rel=\"nofollow noopener\">equity indexes<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=2042844404&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Ffx%2F&amp;a=foreign+exchange\" rel=\"nofollow noopener\">foreign exchange<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=3894378949&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fenergy%2F&amp;a=energy\" rel=\"nofollow noopener\">energy<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=1761733071&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fagricultural%2F&amp;a=agricultural+products\" rel=\"nofollow noopener\">agricultural products<\/a><\/u>\u00a0and\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=3004833174&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fmetals%2F&amp;a=metals\" rel=\"nofollow noopener\">metals<\/a><\/u>. The company offers futures and options on futures trading through the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3240779-1&amp;h=3755748292&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Fglobex%2Findex.html&amp;a=CME+Globex\" rel=\"nofollow noopener\">CME Globex<\/a><\/u>\u00ae platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world&#8217;s leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.<\/p>\n<p>CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini\u00a0are trademarks of Chicago Mercantile Exchange Inc. CBOT and <span class=\"xn-location\">Chicago<\/span> Board of Trade are trademarks of Board of Trade of the <span class=\"xn-location\">City of Chicago<\/span>, Inc.\u00a0NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.\u00a0COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&amp;P 500 and S&amp;P are service and\/or trademarks of Dow Jones Trademark Holdings LLC, Standard &amp; Poor&#8217;s Financial Services LLC and S&amp;P\/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.\u00a0All other trademarks are the property of their respective owners.\u00a0<\/p>\n<p>CME-G<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ56112&amp;sd=2021-07-28\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services-301342495.html\">https:\/\/www.prnewswire.com\/news-releases\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services-301342495.html<\/a><\/p>\n<p>SOURCE  CME Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=AQ56112&amp;Transmission_Id=202107280400PR_NEWS_USPR_____AQ56112&amp;DateId=20210728\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire LONDON and\u00a0CHICAGO and\u00a0SYDNEY, July 28, 2021 \/PRNewswire\/ &#8212; TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, announced today that the Australian Securities Exchange (ASX) has gone live with the triReduce compression service. The service allows firms to reduce or eliminate their trades within the exchange&#8217;s clearing house, including those trades with mismatched cash flow dates, thereby reducing the size of their cleared OTC derivatives portfolio. To manage capital pressures, local and global banks can now complete regular compression runs in the region and benefit from a reduction in capital, risk and operational costs. &#8220;We are delighted to support ASX in offering compression to their clearing members. This further &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-518659","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LONDON and\u00a0CHICAGO and\u00a0SYDNEY, July 28, 2021 \/PRNewswire\/ &#8212; TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, announced today that the Australian Securities Exchange (ASX) has gone live with the triReduce compression service. The service allows firms to reduce or eliminate their trades within the exchange&#8217;s clearing house, including those trades with mismatched cash flow dates, thereby reducing the size of their cleared OTC derivatives portfolio. To manage capital pressures, local and global banks can now complete regular compression runs in the region and benefit from a reduction in capital, risk and operational costs. &#8220;We are delighted to support ASX in offering compression to their clearing members. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/","og_locale":"en_US","og_type":"article","og_title":"TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services - Market Newsdesk","og_description":"PR Newswire LONDON and\u00a0CHICAGO and\u00a0SYDNEY, July 28, 2021 \/PRNewswire\/ &#8212; TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, announced today that the Australian Securities Exchange (ASX) has gone live with the triReduce compression service. The service allows firms to reduce or eliminate their trades within the exchange&#8217;s clearing house, including those trades with mismatched cash flow dates, thereby reducing the size of their cleared OTC derivatives portfolio. To manage capital pressures, local and global banks can now complete regular compression runs in the region and benefit from a reduction in capital, risk and operational costs. &#8220;We are delighted to support ASX in offering compression to their clearing members. This further &hellip; Continue reading \"TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-28T08:03:14+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ56112&amp;sd=2021-07-28","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services","datePublished":"2021-07-28T08:03:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/"},"wordCount":562,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ56112&amp;sd=2021-07-28","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/trioptima-goes-live-with-the-australian-securities-exchange-asx-for-trireduce-compression-services\/","name":"TriOptima Goes Live with The Australian Securities Exchange (ASX) For triReduce Compression Services - 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