Citi and HSBC FX prime broking go live with Capitolis Novation 
February 8, 2019

Capitolis, a technology provider for the capital markets, has this morning announced that Citi and HSBC are the first foreign exchange prime brokers to be live on Capitolis Novation, its FX novation service.

Capitolis says the service has streamlined the novation process, helping to meaningfully reduce the time it takes for FX options novations to complete, for the benefit of the sell- and buy-side.

Capitolis Novation is a technology platform which automates the currently manual workflow in both FX prime broking and bilateral trading, working collaboratively to provide capital efficiencies for the FX market. Capitolis says the service helps reduce overall balance sheet notional and risk exposures that banks currently employ to meet their regulatory capital requirements.





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Capitolis, a technology provider for the capital markets, has this morning announced that Citi and HSBC are the first foreign exchange prime brokers to be live on Capitolis Novation, its FX novation service.

Capitolis says the service has streamlined the novation process, helping to meaningfully reduce the time it takes for FX options novations to complete, for the benefit of the sell- and buy-side.

Capitolis Novation is a technology platform which automates the currently manual workflow in both FX prime broking and bilateral trading, working collaboratively to provide capital efficiencies for the FX market. Capitolis says the service helps reduce overall balance sheet notional and risk exposures that banks currently employ to meet their regulatory capital requirements.



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