Capitolis has developed an expanded novations resolution in partnership with Societe Generale, enabling the prime dealer to be the primary to supply full straight-through processing (STP) of FX choices novations.
Leveraging the Capitolis Novations platform, and in collaboration with Societe Generale, Capitolis delivered an answer that will increase pace, automates a primarily guide course of, and reduces operational necessities. Capitolis conducts the novations on its platform, which then messages into Societe Generale’s TRM system. The answer is now reside on the Capitolis Novations platform and accessible for banks in search of full STP processes for FX choices novations.
“Capitolis is proud to supply Societe Generale Prime Brokerage a completely STP resolution,” mentioned Ben Tobin, Co-Head of Market Growth for Portfolio Optimization, Capitolis. “We’re grateful to Societe Generale for bringing collectively all events, and it has been nice to get this over the road as we welcome our first asset supervisor on the Capitolis Novations platform.”
Luke White, Head of International Change Prime Brokerage, EMEA & APAC, Societe Generale mentioned, “As soon as once more, Societe Generale builds on its well-earned popularity for monetary innovation by bridging a important hole between the 2 market dominant gamers within the upstream and midstream world of commerce processing. This resolution delivers a extra environment friendly netted portfolio of exposures, serving to each shoppers and banks recycle credit score, cut back leverage, and enhance buying and selling effectivity.”
The Capitolis Novations platform helps drive efficiencies, safely increasing execution alternatives throughout the FX market and additional lowering its threat and capital footprint.
