Capitolis achieves record volume in FX Options novations

Capitolis has announced that Capitolis Novations, its foreign exchange novation platform, achieved a record transaction volume of $417 billion in notional for FX options novations during the second quarter of 2020

First Published by e-Forex News: September, 2020

Gil Mandelzis
Gil Mandelzis

Capitolis has announced that Capitolis Novations, its foreign exchange novation platform, achieved a record transaction volume of $417 billion in notional for FX options novations during the second quarter of 2020, ended July 31, nearly doubling the volume from a year earlier. Reflecting the desire for enhanced operational efficiency within the $5 trillion global currency market, NatWest has also joined the community of more than 50 leading global financial institutions, including Citi, HSBC, Standard Chartered, Nomura and Societe Generale, who are active participants on Capitolis’ Novations platform.

Gil Mandelzis, CEO and founder of Capitolis said, “Our strong performance in a challenging environment, as well as the addition of NatWest to the Novations community, reflects the tremendous growth of our platform. We look forward to increasing the network of market participants who can utilize our optimization tools to free up capital and boost their returns.”