Capitolis to go live with FX novation service
Following the launch of the credit-switching service, Capitolis is set to go live with novation in partnership with Citi, HSBC, BlueCrest and Bevan Howard
Gil Mandelzis-led technology firm Capitolis is testing a novation service for foreign exchange markets in collaboration with four currency market heavyweights including BlueCrest, Brevan Howard, Citi and HSBC, which it plans to launch in the next few weeks.
“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
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