Friday May 9 2025
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: UK
On 8th May 2025, the London Stock Exchange Group (LSEG) announced that Post Trade Solutions has successfully completed its first GBP/USD multilateral compression run at SwapAgent, the service for the non-cleared derivatives market.
The service reduces both operational costs and risk by enabling participants 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.
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