Post Trade Risk Services - Market Commentary - ICAP.com

Post Trade Risk Services

Demand for improvements in the efficiency of post-trade processing and for reductions in the capital allocated to existing positions continued to provide opportunities for ICAP’s range of post-trade processing, portfolio compression and reconciliation and risk management services – ReMatch, Traiana, TriOptima and Reset. Pressure from global regulatory authorities to ensure the robustness of the infrastructure behind the OTC markets increased dramatically and the banks responded positively to that pressure.

Euclid Opportunities provides a seed funding and acceleration program to technology start-ups that have the potential to create value in today's rapidly changing financial markets landscape.

The Euclid Opportunities acceleration program offers tailored support and guidance through a network of advisors, domain experts, mentors and market practitioners. The program provides a range of financial market expertise, knowledge, credibility and long standing industry relationships to enable innovators effectively engage the global financial marketplace.

The Euclid Opportunities project is based on a belief that the talent and skills, which exist in many start-up enterprises, can be nurtured and supported to stimulate a number of strategically viable financial technology companies. http://euclidopportunities.com

ReMatch is a post-trade bulk risk mitigation service designed for today’s credit derivative marketplace. The service identifies many of the basis and calendar risks that accumulate as a result of market making and management of legacy portfolios. ReMatch builds accurate mid-level curves and through collective action generates exit liquidity producing unrivaled results. www.rematchrisk.com




RESET is the market leading expert on reset management. The RESET matching engine allows for unilateral matching with hedging. www.reset.net

Founded in 2000, Traiana operates the industry- standard platform for electronically processing over-the-counter foreign exchange, futures, equities and equity derivatives. Traiana’s flagship offering, the Traiana Harmony Network, is the leading platform for connecting all market participants to automate post-trade processes, reducing the risk and cost of trade processing.

Today, Traiana is connected to over 500 firms. The network includes all major FX, equities, equity derivative and futures market participants including prime brokers, executing banks, retail platforms, buy-side firms and execution venues.

Traiana has offices in New York, Chicago, London and Tel Aviv. Traiana is owned by ICAP plc. – the world’s largest interdealer broker. www.traiana.com

TriOptima, an ICAP Group company, is the award-winning provider of OTC derivatives infrastructure services including triResolve, triReduce, and the recently-launched triBalance.

triResolve is a network community service that provides counterparty exposure management services including proactive portfolio reconciliation of OTC derivative portfolios, margin call management, and dispute resolution.  Used by more than 200 firms including all global dealers, regional banks, asset servicers, and buy-side firms, triResolve regularly reconciles 6.3 million trades representing over 90% of all collateralized OTC derivative transactions globally. The service benefits trade control, settlement, documentation, collateral and counterparty credit risk functions.

triReduce, the multilateral portfolio compression service for OTC derivative dealers, pioneers technology that eliminates risk and reduces operational and capital costs. Serving over 170 bank and non-bank subscribers worldwide including the major local and global dealers in derivatives, triReduce is a critical tool for maintaining post trade processing efficiency.  triReduce offers multilateral compression cycles  for uncleared single name and index CDS swaps worldwide, IRS swaps in 25 currencies and a range of commodity derivatives.  TriOptima also works in collaboration with CCPs to offer compression for cleared IRS trades.

triBalance, TriOptima’s latest post trade service innovation facilitates proactive counterparty risk management by rebalancing counterparty risk exposure between multiple CCPs and bilateral relationships (in Rates, Credit and Commodities) to achieve an efficient use of capital and collateral and a reduction  in systemic risk.

TriOptima maintains offices in London, New York, Singapore, Stockholm, and Tokyo.   www.trioptima.com