Capitolis to Integrate with TradeNeXus

Capital optimisation firm Capitolis is to integrate into State Street’s TradeNeXus platform, allowing the latter’s clients to access and identify optimisation opportunities, eliminate large and unnecessary positions, and free up capital through Capitolis’ optimisation, novation, and trade compression solutions.

The announcement comes as financial institutions are increasingly leveraging optimisation services to help them comply with new regulations such as Standardised Approach for measuring Counterparty Credit Risk (SA-CCR) and Uncleared Margin Rules (UMR), which will impact their operations significantly over the next year. The collaboration has the potential to affect returns on capital and drive new cost efficiencies, the firms say.

“Now is an opportune time for Capitolis to enter into this collaboration with State Street’s award-winning TradeNeXus platform with forthcoming regulations on capital requirements impacting how financial institutions address their balance sheets,” says Gil Mandelzis, CEO and founder of Capitolis. “State Street has been a fantastic partner to us for years, and we are excited to accelerate our efforts to bring optimisation services to more buy-side institutions. TradeNeXus has unparalleled connectivity within the buy-side community. Together, we are revolutionising how financial institutions engage with one another.”

Louisa Kwok, managing director and head of product for TradeNeXus, adds, “With deep capital markets expertise and an innovative technology platform, Capitolis is the ideal partner to complement the TradeNeXus offering, particularly with the implementation of new regulation in the near term. Combining Capitolis’ next-gen solutions with the TradeNeXus platform will be a critical differentiator in helping our clients optimise their workflows and post-trade processes.”