The two banks went live in December 2018. The project is aimed at streamlining the novation process, helping to reduce the time it takes for FX options novations to complete, and for the benefit of the sell and buy side.
Capitolis Novation, launched in May 2018, is a technology platform which automates the manual workflow in both FX prime broking and bilateral trading, partnering to provide capital efficiencies for the FX market.
The service intends to help reduce overall balance sheet notional and risk exposures that banks currently employ to meet their regulatory capital requirements.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now