Post Trade Solutions
Quantile, part of Post Trade Solutions, has successfully completed its first GBP/USD multilateral compression run at SwapAgent, the service for the non-cleared derivatives market.
Post Trade Solutions has combined Quantile, Acadia and SwapAgent to minimise risk, reduce cost and improve capital efficiency.
Initially launched in 2024 with EUR/USD currency pairs, the service has now been expanded to include GBP/USD, accounting for approximately 75% of SwapAgent trading activity in total. This development enables participants to target the majority of cross currency swaps and directly responds to the needs of market participants.
How the new service helps you
The service now enables participants to target 75% of SwapAgent cross currency swaps to materially reduce gross notional and drive greater operational efficiency. The service reduces both operational costs and risk by enabling you to draw directly from a single, authoritative data store – eliminating reliance on third parties and streamlining the entire compression process.
By targeting a segment of the inter-dealer cross currency market serviced by SwapAgent, the service enables compression across a broad portion of participants’ portfolios.
Participant firms also benefit from quarterly compression runs with existing currency pairs, such as EUR/USD, supporting firms to regularly reduce risk and optimise their portfolio.
The collaboration between Quantile and SwapAgent further expanded the substantial partnership between the two services as part of LSEG’s Post Trade Solutions.
Together they have delivered a series of market firsts, including sweeping risk into SwapAgent via regular and on-demand Counterparty Risk Optimisation runs. By sweeping bilateral risk into SwapAgent, participants benefit from standardised infrastructure and can reduce capital requirements by 30-60%.
Service highlights
Firms participating in Quantile’s SwapAgent compression benefit from:
- Extensive coverage: Initially launched with EUR/USD, the service now includes GBP/USD and accounts for approximately 75% of SwapAgent trading activity in total.
- Regular runs: We offer quarterly compression runs for existing currency pairs so you can consistently reduce operational costs and risk.
- Streamlined process: The service enables you to draw directly from a single, authoritative data store, eliminating reliance on third parties and streamlining the entire compression process.
- Constant innovation: New currency pairs will be added soon.
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