-

Capitolis Novations Platform Gains Strong Momentum within FX Options Market

Meaningful PB’s, EB’s, and Clients have recently joined the platform and significant reductions in response times have been achieved

NEW YORK--(BUSINESS WIRE)--Capitolis, the technology company creating safer and more vibrant capital markets, has onboarded most major buy-side and sell-side market participants to its FX novations platform. The company is working to improve novation solutions, drive automation, and reduce response times. Capitolis has worked alongside participants to reduce response times by more than half already this year.

Capitolis’ Novations platform, the only FX novation platform on the market, helps drive efficiencies, safely expanding execution opportunities within the FX market and further reducing its risk and capital footprint. Capitolis automates the once manual novation process for all participants, including prime brokers, executing banks, hedge funds, and real money managers, to optimize FX options portfolios. With the continued implementation of regulations including the upcoming Basel III Endgame, market participants will have even greater pressure to be more efficient with their portfolios. The automated novation capability will be essential in helping them achieve this.

“We’ve seen great benefit in bringing most major market participants together on one automated novation platform, and many that weren’t participating in the past are now actively engaged on the platform,” said Gil Mandelzis, CEO & Founder, Capitolis. “We continue to partner with both buy-side and sell-side participants to understand and deliver on their needs, and we see huge potential for the industry solution we’ve developed for novations.”

"We are pleased to be working with the Capitolis Novations platform. The platform's innovative approach to buy-side and sell-side collaboration offers us the ability to optimize our operations in a secure setting and enhance our overall efficiency," said Nathaniel Litwak, Global Head FX Prime Brokerage, BNP Paribas.

Capitolis continues to grow the network of bank and non-bank customers on its FX novations platform, providing scale to facilitate higher novation volumes and optimize FX options portfolios. Capitolis can execute a novation even in the most complicated cases. Earlier this year, the company announced a significant innovation to its groundbreaking automated novations service in FX: automation of agency novations while maintaining anonymity, a first of its kind for the FX options market.

To learn more about the Capitolis Novations platform, visit https://capitolis.com/novations.

About Capitolis

We believe the financial markets can and should work for everyone. Capitolis is the technology company creating safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks – and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as J.P. Morgan, Citi and State Street.

Founded in 2017, our team brings decades of experience in launching successful startups, technology, and financial services. Capitolis was named to Fast Company’s prestigious annual list of The World’s Most Innovative Companies for 2023 as well as CNBC’s inaugural World’s Top Fintech Companies 2023 list. Most recently, Capitolis was ranked #68 on the 2023 Deloitte Technology Fast 500 list, named “Best FX Software Provider” in the 2023 Euromoney Foreign Exchange Awards and recognized as one of New York’s 100 Best Places to Work in 2023 by Crain’s New York Business for the second consecutive year. For more information, please visit our website at www.capitolis.com or follow us on LinkedIn.

Contacts

Edward Ruddy
Sloane & Company
eruddy@sloanepr.com

Brian Zilberfarb
Capitolis
brianz@capitolis.com

Capitolis

Details
Employees: undefined

Release Summary
Capitolis has onboarded most major buy-side and sell-side market participants to its FX novations platform.
Release Versions

Contacts

Edward Ruddy
Sloane & Company
eruddy@sloanepr.com

Brian Zilberfarb
Capitolis
brianz@capitolis.com

More News From Capitolis

Capitolis Novations Platform Achieves Record $710 Billion in Gross Notional, 40% Above Recent High

NEW YORK--(BUSINESS WIRE)--Capitolis, the technology company helping to create safer and more vibrant capital markets, enters 2025 with continued momentum for its Novations platform. It notched another record month in December, achieving $710 billion in Gross Notional ($210 billion over previous high) across 5,659 novated trades, to close out 2024 as the platform’s best-performing year to date. Capitolis has added three prime brokers, six executing brokers, and eight clients to the Novations pl...

Capitolis Named to Inc.’s 2024 Best in Business List

NEW YORK--(BUSINESS WIRE)--Capitolis, the technology company helping to create safer and more vibrant capital markets, today announced its inclusion on the Inc. 2024 Best in Business list in the Financial Services and Innovation & Technology categories. Inc.’s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large. The Inc. Best in Business list recognizes companies tha...

Capitolis Acquires BGC Group’s Compression & Optimization Business, Capitalab, to Accelerate Rapid Growth

NEW YORK--(BUSINESS WIRE)--Capitolis, the technology company helping to create safer and more vibrant capital markets, has today announced the acquisition of Capitalab, a leader in Rates Portfolio Compression and Margin Optimization, from BGC Group for a purchase amount of $46 million. This acquisition will allow Capitolis, a market leader in the optimization and compression space, to offer more solutions to the industry and unlock additional innovation to address emerging client needs. The acq...
Back to Newsroom