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Articles from Capitolis

Capitolis Successfully Completes USD Swaptions LIBOR Transition to SOFR
Capitolis, the financial technology company, announced today that it has successfully completed its run of multilateral exercises to transition legacy USD LIBOR-referenced swaptions to vanilla SOFR replacements for 17 global dealers. Through nine live executions, Capitolis, and Capitalab prior to its acquisition by Capitolis last year, facilitated the multilateral switching of over 17,000 legacy LIBOR swaptions across their dealer network. As a result, participants have eliminated the significant operational burden of expiry management associated with legacy LIBOR swaptions.
By Capitolis · Via Business Wire · July 10, 2025
Capitolis Launches Transformative Futures Porting Solution in Collaboration with Barclays and Citadel
Capitolis, the financial technology company, announced today that it has launched an innovative futures porting solution in collaboration with Barclays and Citadel. The solution has been developed for futures market participants, including hedge funds, asset managers, other buy-side institutions, and Futures Commission Merchants (FCMs), and allows for scalability and greater management of financial resources.
By Capitolis · Via Business Wire · May 13, 2025
Capitolis Appoints Financial Services and Fintech Veteran, Amol Naik, as Chief Operating Officer
Capitolis, the financial technology company, today announced the appointment of Amol Naik as Chief Operating Officer (COO), effective May 5. Reporting to Gil Mandelzis, Founder and Chief Executive Officer of Capitolis, Naik will be responsible for managing the company’s day-to-day operations, driving company-wide execution against the firm’s business strategy.
By Capitolis · Via Business Wire · May 6, 2025
Capitolis Novations Platform Achieves Record $710 Billion in Gross Notional, 40% Above Recent High
Capitolis, the technology company helping to create safer and more vibrant capital markets, enters 2025 with continued momentum for its Novations platform. It notched another record month in December, achieving $710 billion in Gross Notional ($210 billion over previous high) across 5,659 novated trades, to close out 2024 as the platform’s best-performing year to date.
By Capitolis · Via Business Wire · February 11, 2025
Capitolis Named to Inc.’s 2024 Best in Business List
Capitolis, the technology company helping to create safer and more vibrant capital markets, today announced its inclusion on the Inc. 2024 Best in Business list in the Financial Services and Innovation & Technology categories. Inc.’s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large.
By Capitolis · Via Business Wire · December 10, 2024
Capitolis Acquires BGC Group’s Compression & Optimization Business, Capitalab, to Accelerate Rapid Growth
Capitolis, the technology company helping to create safer and more vibrant capital markets, has today announced the acquisition of Capitalab, a leader in Rates Portfolio Compression and Margin Optimization, from BGC Group for a purchase amount of $46 million. This acquisition will allow Capitolis, a market leader in the optimization and compression space, to offer more solutions to the industry and unlock additional innovation to address emerging client needs.
By Capitolis · Via Business Wire · December 3, 2024
Capitolis Announces New Strategic Investments from Citi, Morgan Stanley, State Street and UBS
Capitolis, the technology company helping to create safer and more vibrant capital markets, today announced new strategic investments from four leading global banks. The new round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors Morgan Stanley, and UBS. Each bank will invest $5 million and will join other existing investors including Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Canapi Ventures, 9Yards Capital, Standard Chartered and J.P. Morgan.
By Capitolis · Via Business Wire · November 25, 2024
Capitolis Named to the 2024 Deloitte Technology Fast 500 List
Capitolis, the technology company helping to create safer and more vibrant capital markets, is excited to announce its inclusion on the 2024 Deloitte Technology Fast 500 list of the fastest-growing companies in North America. This marks the second consecutive year that Capitolis has been recognized by Deloitte.
By Capitolis · Via Business Wire · November 21, 2024
Momentum Continues to Build for Capitolis Novations Platform with Record September
Capitolis, the technology company helping to create safer and more vibrant capital markets, has continued to build strong momentum for its Novations platform. It recorded another record month in September, achieving $485 billion in Gross Notional reduced and 4,510 trades novated. Year to date completed trades on the platform are up 37%, while Gross Notional reduced is up 15%.
By Capitolis · Via Business Wire · October 15, 2024
Capitolis Wins World’s Best FX Software Provider in 2024 Euromoney Foreign Exchange Awards
Capitolis, the technology company helping to create safer and more vibrant capital markets, has been named The World’s Best FX Software Provider by Euromoney for the second consecutive year. The company was also recognized as The World’s Best FX Technology Provider for Client Service in the 2024 Euromoney Foreign Exchange Awards, a hallmark of excellence within the global FX industry.
By Capitolis · Via Business Wire · September 27, 2024
Capitolis Launches Fast-Track Novations Technology, First of its Kind in the FX Options Market
Capitolis, the technology company creating safer and more vibrant capital markets, announced it has successfully launched its fast-track Novations technology with the execution of a same day tear-up. Reaching this milestone—the first of its kind in the foreign exchange (FX) options market—will significantly reduce the time and resources required by banks, prime brokers, and hedge funds in the approval process.
By Capitolis · Via Business Wire · July 30, 2024
Capitolis Named to the CNBC World’s Top Fintech Companies 2024 List
Capitolis, the technology company helping to create safer and more vibrant capital markets, today announced that it has been named to CNBC’s World’s Top Fintech Companies 2024 list, presented in partnership with independent research firm Statista. This marks the second consecutive year that Capitolis has been honored by CNBC on its annual list of fintechs providing the most innovative, technology-based, and finance-related products and services.
By Capitolis · Via Business Wire · July 10, 2024
Capitolis Novations Platform Gains Strong Momentum within FX Options Market
Capitolis, the technology company creating safer and more vibrant capital markets, has onboarded most major buy-side and sell-side market participants to its FX novations platform. The company is working to improve novation solutions, drive automation, and reduce response times. Capitolis has worked alongside participants to reduce response times by more than half already this year.
By Capitolis · Via Business Wire · December 13, 2023
Capitolis to Dedicate Next Multilateral Optimization Run to Support Israel Humanitarian Relief Efforts
Capitolis, the technology company creating safer and more vibrant capital markets, today announced it will donate a portion of proceeds from its upcoming multilateral optimization run to support humanitarian relief efforts in Israel. The company employs 46 people in its Tel Aviv office, including much of its technology team. The upcoming optimization run is slated for mid-November.
By Capitolis · Via Business Wire · November 2, 2023
Capitolis Named Best FX Software Provider in 2023 Euromoney Foreign Exchange Awards
Capitolis, the technology company creating safer and more vibrant capital markets, is proud to announce its recognition as the "Best FX Software Provider" in the 2023 Euromoney Foreign Exchange Awards, a hallmark of excellence within the global FX industry.
By Capitolis · Via Business Wire · October 2, 2023
Capitolis Named to Crain's 2023 Best Places to Work in New York City
Capitolis, the technology company creating safer and more vibrant capital markets, today announced that it has been named one of New York’s 100 Best Places to Work in 2023 by Crain's New York Business. This marks the second consecutive year that Capitolis has been honored by Crain’s on its annual list of the best employers in New York City.
By Capitolis · Via Business Wire · September 28, 2023
Capitolis Named to the CNBC World’s Top Fintech Companies 2023 List
Capitolis, the technology company enabling safer and more vibrant financial markets, has been named to CNBC’s inaugural World’s Top Fintech Companies 2023 list, presented in partnership with independent research firm Statista. The World’s Top Fintech Companies 2023 list identifies fintechs providing innovative, technology-based, and finance-related products and services.
By Capitolis · Via Business Wire · August 2, 2023
Capitolis to Connect to LCH ForexClear’s FX Smart Clearing Solution, Increasing Optimization Efficiencies for the FX Market
Capitolis, the technology company creating safer and more vibrant capital markets, announced it is connecting to LCH’s FX Smart Clearing solution. This will add another layer of optimization benefits to help banks overcome the challenge of increased costs resulting from the introduction of the Standardized Approach to Counterparty Credit Risk (SA-CCR) and other risk measures in the FX industry, particularly relating to FX forwards, FX swaps and cross-currency swaps.
By Capitolis · Via Business Wire · June 27, 2023
Capitolis Announces Fourth Annual Capitolis Connects Program
Capitolis, the technology company creating safer and more vibrant capital markets, announced its fourth annual Capitolis Connects, a program focused on supporting local human service organizations in New York, London, and Tel Aviv doing innovative and impactful work to serve these communities. For the month of June, Capitolis will donate a portion of all transactional revenue from its platform to local human service organizations selected by each local employee base. Employees of Capitolis will also personally volunteer their time at each of these local organizations.
By Capitolis · Via Business Wire · June 13, 2023
Capitolis Continues Strong Momentum Across Portfolio Optimization Business in First Half of 2023
Capitolis, the technology company helping to create safer and more vibrant capital markets, has gained significant momentum in its Portfolio Optimization business in the first half of 2023. The company’s latest optimization run drove a record reduction of $341 billion in SA-CCR (Standardized Approach for Counterparty Credit Risk) Effective Notional and included a record number of 20 entities. The run optimized for SA-CCR as well as additional objectives while being flexible to accommodate a multitude of constraints. As the Capitolis network continues to expand, both existing and new customers are seeing increased benefits from the network effect.
By Capitolis · Via Business Wire · June 7, 2023
Capitolis Expands Novation Product to Include Agency Flow
Capitolis, the technology company reimagining capital markets, announced a significant innovation to its groundbreaking automated novation service in foreign exchange (FX): it can now novate agency trades while maintaining anonymity. This unlocks more of the FX options market for novations by including agency flow and further helps to reduce risk, notional and capital footprint.
By Capitolis · Via Business Wire · March 27, 2023
Capitolis Announces Further Progress in the Expansion of its Capital Marketplace Business
Capitolis, the technology company reimagining financial markets, announced that its subsidiary, Capitolis Global Broker Dealer LLC, has applied to become a broker-dealer. This is the next step in Capitolis’ journey to provide innovative solutions to the market in order to keep the capital markets both safe and vibrant. This application is currently being reviewed and subject to approval by the necessary regulatory bodies.
By Capitolis · Via Business Wire · March 9, 2023
Capitolis Named to Fast Company’s Annual List of The World’s Most Innovative Companies for 2023
Capitolis, the technology company reimagining capital markets, has been named to Fast Company’s prestigious annual list of The World’s Most Innovative Companies for 2023, the premier showcase for organizations that are moving the world forward.
By Capitolis · Via Business Wire · March 2, 2023
Capitolis Completes Record Breaking SA-CCR Optimization
Capitolis, the technology company reimagining capital markets, completed its nineteenth Standardized Approach for Counterparty Credit Risk (SA-CCR) optimization in January, with this latest run incorporating a record number of entities, driving a record reduction of over $290 billion in effective notional. This marks another momentous occasion for Capitolis as its Portfolio Optimization business enables both new and existing clients to reap the benefits of the network. Over the last 12 months, Capitolis has enabled a $2.5 trillion reduction in SA-CCR effective notional.
By Capitolis · Via Business Wire · January 26, 2023
Capitolis Registers a Security-Based Swap Dealer (SBSD)
Capitolis, the technology company reimagining financial markets, officially announced that its subsidiary, Capitolis Liquid Global Markets LLC, is conditionally registered as a security-based swap dealer (SBSD) as of January 4th. The company’s ground-breaking equity swap financing solution will operate within this structure.
By Capitolis · Via Business Wire · January 5, 2023
Capitolis Announces Justin Klug to Leave Firm
Capitolis, the technology company reimagining financial markets, today announced that President Justin Klug will be leaving after nearly six years of service to spend time with his family.
By Capitolis · Via Business Wire · December 9, 2022
Capitolis Completes Ground-Breaking, Single-Day SA-CCR Optimization, the First of its Kind
Capitolis, the technology company reimagining capital markets, has completed its thirteenth Standardized Approach for Counterparty Credit Risk (SA-CCR) run this year, marking the first multilateral exercise completed within a single day. A single-day execution is a momentous one for multilateral optimization, allowing for increased network participation despite volatile and uncertain markets and the resource constraints among participants.
By Capitolis · Via Business Wire · October 4, 2022
Capitolis Selected to Crain's 2022 Best Places to Work in New York City
Capitolis, the technology company reimagining financial markets, headquartered in New York City, announced today its inclusion in the Crain's New York Business ranking of the 100 Best Places to Work in New York City for 2022.
By Capitolis · Via Business Wire · September 30, 2022
Capitolis Continues Strong Momentum with SA-CCR Optimization and Capital Savings
Capitolis, the technology company reimagining financial markets, has gained strong momentum by doubling the number of banks taking part in its Standardized Approach for Counterparty Credit Risk (SA-CCR) runs since the beginning of 2022. Capitolis has maintained a frequent cadence of compression runs, helping this strong network of global banks reduce over $1.4 trillion in SA-CCR effective notional since the beginning of the year. Capitolis’ momentum was apparent in its recent SA-CCR run which provided clients five times the effective notional benefit than they received in the first run. The network continues to expand and both existing and new clients are seeing increased benefits from the network effect.
By Capitolis · Via Business Wire · August 24, 2022
Capitolis Unveils New Brand Identity Reflecting Company’s Continued Growth and Expansive Vision for Financial Markets
Capitolis, the technology company reimagining financial markets, announced today its new brand strategy and visual system including a logo which signifies Capitolis’ ability to unlock the potential of the global economy. The company, which enables safe growth in financial markets, wanted its brand to reflect the differentiated experience Capitolis provides clients across its innovative solutions and services.
By Capitolis · Via Business Wire · August 3, 2022
Capitolis Named Best Compression and Optimization Service at e-FX Awards 2022
Capitolis, the technology company reimagining capital markets, has won “Best Compression/Optimization Service for FX” at the 2022 FX Markets e-FX Awards. The winners of the e-FX Awards were celebrated in London last week for changing the world of electronic foreign exchange trading. This is the third year FX Markets has awarded the “Best Compression and Optimization Service” category and the first year Capitolis has won. The e-FX Awards seek to recognize firms that have set the bar in electronic foreign exchange trading with skill, dedication, and creativity.
By Capitolis · Via Business Wire · July 7, 2022
Capitolis Expands Leadership Team to Support Growth, Appoints Gerard Varjacques to Head of Sales
Capitolis, the technology company reimagining capital markets, announced the appointment of Gerard Varjacques as Head of Sales and executive team member. Building from a solid foundation and strong pipeline, Varjacques will scale the sales organization to the next level of client coverage, acceleration, and growth.
By Capitolis · Via Business Wire · July 6, 2022
Capitolis Announces Third Annual Capitolis Connects Program
Capitolis, the technology company reimagining capital markets, announced its third annual Capitolis Connects, a program focused on supporting national and local human service organizations. For the month of June, Capitolis will donate a portion of all transactional revenue from its platform to national and local human service organizations selected by their employee base. Employees of Capitolis will also personally volunteer their time at each of these local organizations.
By Capitolis · Via Business Wire · June 28, 2022
Capitolis Readies for Next Stage of Growth With Key Hires Across the Business
Capitolis, the technology company reimagining capital markets, announced it has grown its employee base by 50% versus the same period last year as the company continues growing and scaling the business to meet customer demands and ongoing opportunities to innovate. The investment in its people reflects Capitolis’ continued momentum after the company recently announced its Series D funding.
By Capitolis · Via Business Wire · April 20, 2022
Capitolis Announces Successful SA-CCR Optimization Exercises Throughout Q1
Capitolis, the technology company reimagining capital markets, is riding a strong wave of momentum as two thirds of the largest global banks have participated in balance sheet compression exercises leveraging Capitolis’ technology in the first quarter. These exercises have included optimizations with respect to the rollout of SA-CCR, or the Standardized Approach for Counterparty Credit Risk, as well as a reduction in exposure to Russian rubles. As we demonstrate our success, we have welcomed new bank participants in each exercise.
By Capitolis · Via Business Wire · April 7, 2022
Capitolis Raises $110 Million in Series D to Turbo-Charge Its Revolutionary Capital Marketplace
Capitolis, the technology company reimagining capital markets, today announced it has raised a $110 million Series D at a $1.6 billion valuation, driven by the rapid emergence and market acceptance of its marketplace solutions. The fundraise is co-led by top fintech investors Canapi Ventures, 9Yards Capital, and SVB Capital. Existing investors in Capitolis include a16z, Index Ventures, Sequoia Capital, S Capital, Spark Capital, Citi, State Street and J.P. Morgan. To date, Capitolis has raised $280 million.
By CAPITOLIS · Via Business Wire · March 22, 2022
Capitolis Successfully Helps a Large Network of Global Banks Reduce Russian Ruble Exposure in Multilateral Risk-Reduction Exercises
Capitolis, the technology company reimagining capital markets, today announced it has completed a reduction in exposure to Russian rubles for many of the world’s leading financial institutions. The ruble optimization is a first for Capitolis, which was approached by the banks to design a solution and worked quickly to bring together a large network of banks to participate in this targeted solution. Through its trade compression platform, Capitolis was able to reduce these large exposures and promote financial soundness and stability for the benefit of the whole capital markets system.
By Capitolis · Via Business Wire · March 16, 2022
Capitolis To Integrate with State Street’s TradeNeXus Platform
Capitolis, the fintech company re-imagining how the capital markets operate, today announced it will deliver to customers on State Street’s TradeNeXus platform, access to identify optimization opportunities, eliminate large and unnecessary positions, and free up capital through Capitolis’ optimization, novation, and trade compression solutions. Capitolis will connect to TradeNeXus’ large network of asset managers and executing banks, who electronically match, confirm, and communicate FX and Money Market settlement information.
By Capitolis · Via Business Wire · November 17, 2021
Alicia Tillman, Former Top Marketing Boss at SAP, Joins Capitolis as Global Chief Marketing Officer
Capitolis, the fintech company re-imagining how the capital markets operate, today announced the appointment of Alicia Tillman as its Global Chief Marketing Officer. In this role, Alicia will build Capitolis’ worldwide marketing and communications strategy to drive significant brand awareness, demand, and customer growth.
By Capitolis · Via Business Wire · November 3, 2021
Capitolis Hires Christopher Pennington as Executive Vice President of Sales As It Builds to the Next Phase of Growth
Capitolis, the SaaS-powered network that efficiently links global market participants to new sources of capital in a regulatory-sound manner, today announced the appointment of Christopher Pennington as its Executive Vice President of Sales. In this role, Pennington will oversee the company’s sales operations and the development of its sales strategy and vision, as well as develop and maintain key customer and partner relationships and implement strategies for expanding Capitolis’ customer base.
By Capitolis · Via Business Wire · September 21, 2021
Capitolis Enters Into Agreement to Acquire LMRKTS to Expand Its Industry-Leading Optimization Suite and Accelerate Growth
Capitolis, the SaaS-powered network that efficiently links global market participants to new sources of capital in a regulatory-sound manner, today announced that it has entered into an agreement to acquire LMRKTS, an industry-leading multilateral optimization and compression provider. The proposed acquisition is scheduled to close in the month of August, subject to certain closing conditions. Already a market leader in bilateral compression, structured financing solutions and novations, this proposed acquisition will allow Capitolis to provide banks, asset managers, and hedge funds with the broadest and most complete trade compression solutions available in the market.
By Capitolis · Via Business Wire · August 4, 2021
Capitolis Appoints Industry Veteran and Market Structure Thought Leader Stuart Wexler as General Counsel Amid Continued Growth
Capitolis, the leading provider of SaaS and structured financing products that address balance sheet management for financial institutions, today announced the appointment of Stuart Wexler as its general counsel. In this role, Wexler will oversee legal matters, corporate governance, and regulatory affairs, and advise senior leadership and the board of directors.
By Capitolis · Via Business Wire · June 23, 2021
Capitolis Novations Posts Record Transaction Volumes in Q1 2021, Adds New Clients and Functionalities to Platform
Capitolis, the leading provider of SaaS and structured financing products that address balance sheet management for financial institutions, today announced that Novations, its foreign exchange novation platform, achieved a record transaction volume of more than $959 billion in notional for FX options novations during the first quarter ended April 30, 2021, more than doubling the volume from a year earlier.
By Capitolis · Via Business Wire · June 17, 2021
Capitolis Hires Industry Veteran James Reilly as Head of Equity and Total Return Swaps Funding Solutions Amid Continued Growth
Capitolis, the leading SaaS platform that drives financial resource optimization for capital markets, today announced the appointment of James Reilly as its Head of Equity and Total Return Swaps (TRS) Funding Solutions.
By Capitolis · Via Business Wire · May 3, 2021
Capitolis to Offer Optimization Solutions Through Refinitiv Trade Notification Network
Capitolis, the leading SaaS platform that drives financial resource optimization for capital markets, today announced an agreement with Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, to enable access to Capitolis’ next-generation suite of optimization products through Refinitiv’s Trade Notification platform.
By Capitolis · Via Business Wire · April 20, 2021
Capitolis Appoints Jen Vanderwall, Former Bridgewater Talent Executive, as Chief People and Culture Officer
Capitolis, the leading SaaS platform that drives financial resource optimization for capital markets, today announced the appointment of Jen Vanderwall, former people and talent leader at Bridgewater Associates, as its Chief People and Culture Officer, amidst meaningful expansion and maturation.
By Capitolis · Via Business Wire · April 13, 2021