Capitoris , a leading SaaS platform for optimizing financial resources for capital markets, today is the world’s largest supplier of financial market data and infrastructure. Announced a contract with one of the companies, Refinitive. It makes the next generation suite of Capitoris optimized products available through Refinitiv’s trade notification platform.
Through this partnership, major financial institutions leveraging Capitolis’ innovative proprietary technology platform will be able to use options, swaps, forwards and non-deliverable forwards (options, swaps, forwards and non-deliverable forwards) through seamless connectivity with Refinitive’s post-trade services infrastructure. It can streamline the processing of exchange products, including NDFs), allowing market participants to work together to achieve new levels of efficiency in terms of operations, costs, speed and scale.
Capitoris allows companies to optimize their balance sheets by removing unnecessary positions through collaborative technology and finding the best opponent to hold the remaining positions. To date, Capitolis has reduced the overall position of more than 75 financial institutions by more than $ 9 trillion. This includes many of the world’s largest banks, major hedge funds and asset managers.
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Capitris has selected Refinitiv’s trade notification platform because of its position as a major network connecting foreign exchange market participants. Such market participants include exchanges, intermediaries, liquidity providers, ECNs, banks and delivery guarantees. Refinitiv’s trade notification platform offers a client-centric model that emphasizes unique regional expansion and rapid integration.
Tom Glocer, Executive Chairman and Co-Founder of Capitolis and former CEO of Thomson Reuters, said: “We look forward to continuing our relationship with the Refinitiv team through this alliance to increase efficiency and enhance seamless connectivity for our customers. Adopting our proprietary technology platform is an industry. The need for continuous innovation and collaboration is paramount as it expands across the board. I have a deep origin and love for both Capitolis and Refinitiv, and this partnership is especially relevant to both companies and their common customers. We believe it will bring benefits. “
Dean Berry, Group Head of Refinitiv Trading and Banking Solutions, said: “This partnership will help expand the capabilities of Refinitiv’s trade reporting tools, increase transparency and foster a smart market for all participants. Refinitiv is always positive about collaboration and will help. We welcome new publishers like Capitoris to join our network. Capitolis’ collaborative platform is changing the way financial institutions optimize their balance sheet exposure. Our focus is on STP. In terms of contributing to the community, we are increasingly focusing on other initiatives like this one that add value to our customers. “
Tobias Krause, Head of Global Markets Resource Management at State Street, said: “We are pleased to continue our partnership with Capitolis to begin leveraging this product enhancement. This new trade notification and transaction reporting tool will increase the efficiency of our optimization efforts and will help State Street Bank. We will directly expand our ability to serve our customers. “
The year leading up to this announcement marks a record growth year for Capitolis, with the recent announcement of a $ 90 million Series C funding round led by Andreessen Horowitz and industry-wide margin data in partnership with AcadiaSoft. We have combined our risk analysis and repositories with Capitolis’ proprietary technology platform and collaborated with CLS to streamline trading and settlement for banks in the $ 6.6 trillion global currency market.
