Award: Innovation in derivatives technology
Our inaugural derivatives
technology innovation award
recognises key achievements
technology has had in helping the
derivatives industry keep up with
new challenges. TriOptima has
made a number of notable
contributions for market
participants through its triResolve
business, allowing market
participants to cope with the new
margin rules for uncleared
With its partnership with
AcadiaSoft, as well as linking up
to DTCC’s trade repositories
around the world, TriOptima has
made significant contributions
to the derivatives technology
industry and is now being
utilised by corporates and banks
■ ■ Partners with AcadiaSoft to
■ ■ Completes first client-cleared
compression in triReduce with
SwapClear and Citadel
■ ■ Onboards several corporates
and buy-side firms to
■ ■ Completes first compression
cycle for cleared euro-
denominated interest rate
On accepting the award, Mireille
Dyrberg, chief operating officer
of TriOptima, says: “Such
recognition is particularly
meaningful as we adjust and
expand our services to assist
the buy side in meeting market
changes and regulatory
Award: Derivatives prime
brokerage of the year
Winner: Societe Generale
This year The TRADE Derivatives
launched its first Derivatives Prime
Brokerage Survey, looking at the key
issues around hedge funds using their
prime brokers for derivatives services.
After a thorough analysis of the major
derivatives prime broker providers,
Societe Generale Prime Services found
itself at the top of the rankings.
Having revamped and reorganised
its prime broker business following
the full integration of Newedge, the
French bank has begun to see its
efforts bear fruit, and has carved out
a specific niche in the area of
derivatives prime brokerage.
Following the survey, Societe
Generale recorded the highest
rankings in terms of client service,
operations, financing and margining,
and securities lending.
It was these results that gained the
bank the award for Derivatives Prime
Broker of the year.
Award: Innovation in derivatives clearing
The innovation in clearing award celebrates those initiatives
that help market participants overcome regulatory burdens
and find operational efficiencies through central clearing.
Throughout the year LCH has reached a number of
milestones, not just in Europe but also Asia and North
America, making a number of contributions to both the
cleared and uncleared OTC derivatives market.
■ ■ Launch of portfolio margining service LCH Spider –
went live with Nasdaq NLX in May and expanded in
September with CurveGlobal.
■ ■ Inflations swaps clearing – recorded a notional cleared
volume of $1 trillion.
■ ■ Won regulatory approval as a foreign swaps clearer in
Hong Kong, Japan and Singapore
■ ■ Launch of SwapAgent – expansion into the non-cleared derivatives world.
Cameron Goh, global head of product development for
rates and FX derivatives for LCH, commented that the
clearing house has been “at the right place at the right
time for market participants”.
With capital efficiencies and cost savings at the top of
banks wish list, LCH finds itself at the forefront of global
industry change. As more products migrate to clearing,
and firms adapt their trading strategies, it will be no
surprise to see LCH continue its global growth.