Capitolis adds more institutions to FX novation service

Capitolis has announced that the number of participants on Capitolis Novation, its novation service in foreign exchange has grown to more than 20 bank and non-bank customers.

First Published by e-Forex News: March, 2019

Gil Mandelzis
Gil Mandelzis

Capitolis has announced that the number of participants on Capitolis Novation, its novation service in foreign exchange has grown to more than 20 bank and non-bank customers. As well as previously announced Citi, HSBC, BlueCrest and Brevan Howard, other market participants including Deutsche Bank, Standard Chartered, Nomura and Societe Generale are collaborating with Capitolis on this service, which is the first of its kind in FX.

Gil Mandelzis, CEO of Capitolis said: “Since we launched the service,we have seen tremendous growth with numerous leading market participants working with us to establish this industry solution for novation. We are grateful for the strong support our solution has received from executing banks, prime brokers and leading buy side firms.”