Tag Archives: Capitolis

Technology tamfitronics Financial technology firm Capitolis has introduced new technology to reduce the time and resources needed for banks, brokers, and hedge fund firms in approval processes. The company announced today that it has achieved a milestone in executing same-day tear-ups for FX options.Efficiency in FX OptionsThis technology reportedly reduces the time and costsneeded by banks, prime brokers, and hedge funds in the approval process.Traditionally, completing a novation tear-up, a term referring to terminatingor canceling an existing contract and replacing it with a new one, could takeup to 10 days due to the manual approval steps involved. Capitolis' new technology aims to lower this time downto T+1 or better for up to 70% of all novations. Working in collaboration withseveral prime brokers, executing banks, and major hedge funds, Capitolis hasdesigned and rigorously tested the fast-track...