Capitolis Targets Institutions for FX Options

Capitolis Targets Institutions for FX Options

Time Stamp: December 13, 2023 12:20 PM
Capitolis Targets Institutions for FX Options PlatoBlockchain Data Intelligence. Vertical Search. Ai.

The fintech firm Capitolis has released a statement
highlighting the expansion of its novations platform. This platform, which aims
to optimize investors’ portfolios by automatically replacing existing contracts
with new ones, has onboarding key buy-side and sell-side market participants.

According to a statement shared by the company on
Businesswire, Gil Mandelzis, the CEO and Founder of Capitolis, mentioned: “We’ve seen great benefit in bringing most
major market participants together on one automated novations platform, and many
that weren’t participating in the past are now actively engaged on the
platform.”

Capitolis’ FX novations platform optimizes the needs
of various market participants, including prime brokers, executing banks, hedge
funds, and real money managers. Capitolis is reportedly expanding this network
to encompass bank and non-bank customers.

In June, Capitolis joined forces with LCH, the
British clearing giant, to enhance risk management in the FX industry. Capitolis embraced LCH’s FX Smart Clearing solution
to empower banks to optimize risk management across FX forwards, swaps, and
cross-currency swaps. The key here is the fusion of LCH’s clearing services
with Capitolis’ cutting-edge post-trade optimization technology.

The fintech firm mentioned that this collaboration can
enhance cleared and uncleared markets, ensuring ideal capital and funding
allocation.

Capitolis, in partnership with nine major banks, highlighted
the potential of FX Smart Clearing. The proof-of-concept yielded a reduction in
total funding costs by 42%, signifying the standardized approach to counterparty credit risk methodology, Finance Magnates reported.

Capitolis Expands Offerings for Financial Institutions

James Pearson, the Head of LCH ForexClear, highlighted
how FX Smart Clearing contributes to unlocking capital constraints for banks,
fostering a safer and more efficient financial ecosystem. This initiative aims
to benefit a broader spectrum of market participants.

Established in 2017, Capitolis’ mission extends
beyond banks to institutional investors. It is backed by prominent venture capital
firms like Andreessen Horowitz and Sequoia Capital. According to the firm, its steps signify the strides in reshaping the FX market landscape.

The fintech firm Capitolis has released a statement
highlighting the expansion of its novations platform. This platform, which aims
to optimize investors’ portfolios by automatically replacing existing contracts
with new ones, has onboarding key buy-side and sell-side market participants.

According to a statement shared by the company on
Businesswire, Gil Mandelzis, the CEO and Founder of Capitolis, mentioned: “We’ve seen great benefit in bringing most
major market participants together on one automated novations platform, and many
that weren’t participating in the past are now actively engaged on the
platform.”

Capitolis’ FX novations platform optimizes the needs
of various market participants, including prime brokers, executing banks, hedge
funds, and real money managers. Capitolis is reportedly expanding this network
to encompass bank and non-bank customers.

In June, Capitolis joined forces with LCH, the
British clearing giant, to enhance risk management in the FX industry. Capitolis embraced LCH’s FX Smart Clearing solution
to empower banks to optimize risk management across FX forwards, swaps, and
cross-currency swaps. The key here is the fusion of LCH’s clearing services
with Capitolis’ cutting-edge post-trade optimization technology.

The fintech firm mentioned that this collaboration can
enhance cleared and uncleared markets, ensuring ideal capital and funding
allocation.

Capitolis, in partnership with nine major banks, highlighted
the potential of FX Smart Clearing. The proof-of-concept yielded a reduction in
total funding costs by 42%, signifying the standardized approach to counterparty credit risk methodology, Finance Magnates reported.

Capitolis Expands Offerings for Financial Institutions

James Pearson, the Head of LCH ForexClear, highlighted
how FX Smart Clearing contributes to unlocking capital constraints for banks,
fostering a safer and more efficient financial ecosystem. This initiative aims
to benefit a broader spectrum of market participants.

Established in 2017, Capitolis’ mission extends
beyond banks to institutional investors. It is backed by prominent venture capital
firms like Andreessen Horowitz and Sequoia Capital. According to the firm, its steps signify the strides in reshaping the FX market landscape.

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