Capitolis to Offer Optimisation Through Refinitiv RTN
Posted by Colin Lambert. Last updated: April 21, 2021
Capitolis has signed an agreement with Refinitiv to enable access to Capitolis’ suite of optimisation products through Refinitiv’s Trade Notification (RTN) platform.
The partnership will allow financial institutions that leverage Capitolis’ proprietary technology platform to streamline their processing of FX instruments including options, swaps, forwards, and non-deliverable forwards (NDFs) through a seamless connection to Refinitiv’s infrastructure for post-trade services. This, the firm says, further enables market participants to collaborate to achieve new operational, cost, speed, and scale efficiencies.
“We look forward to continuing our relationship with the team at Refinitiv through this partnership that will deliver greater efficiency and more seamless connectivity for our clients,” says Tom Glocer, executive chairman and co-founder of Capitolis, as well as former CEO of Thomson Reuters. “As the adoption of our proprietary technology platform expands across the industry, the need for continued innovation and collaboration is crucial. I have deep roots in and affection for both Capitolis and Refinitiv, and I believe this partnership will benefit both companies and our common clients, in particular.”
Dean Berry, group head of trading and banking solutions for Refinitiv, adds, “This partnership expands the functionality of Refinitiv’s trade reporting tools, enabling greater transparency and helping to foster a smarter marketplace for all participants. At Refinitiv, we are always open to collaboration and pleased to welcome new publishers on our network such as Capitolis, whose collaborative platform is changing the ways in which financial institutions optimise their balance sheet exposure. Our focus is to serve our community on STP and increasingly in other initiatives such as this one, which add value to our clients.”
The agreement has been welcomed by State Street, Tobias Krause, head of global markets resource management at the bank says, “The new trade notification and transaction reporting tools will increase the efficiency of our optimisation exercises, which directly increases State Street’s capacity to serve our clients.”