Capitolis Announces New Novation Service

[kreslik.news]

Capitolis, a technology provider for capital markets, announced today that it is launching a new novation service in FX. The new service, Capitolis Novation, was created in collaboration with a number of companies, including HSBC, Citi and BlueCrest.

Gil Mandelzis, CEO of Capitolis, discussed the new product, saying: “Over the past few months we’ve been working with major market participants on developing an industry solution for novations. We are grateful to the strong support our solution has received from prime brokers, executing banks and leading buy side firms.”

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