New integration enables full STP processing of FX options novations for SGPB client
Capitolis, the financial technology company, has developed an expanded novations solution in partnership with Societe Generale, enabling the prime broker to be the first to offer full straight-through processing (STP) of FX options novations. Societe Generale approached Capitolis seeking a fully automated solution enabling its clients to novate FX options within its network without manual intervention.
Leveraging the Capitolis Novations platform, and in collaboration with Societe Generale, Capitolis delivered a solution that increases speed, automates a primarily manual process, and reduces operational requirements. Capitolis conducts the novations on its platform, which then messages into Societe Generale’s TRM system. The solution is now live on the Capitolis Novations platform and available for banks seeking full STP processes for FX options novations.
“Capitolis is proud to offer Societe Generale Prime Brokerage a fully STP solution,” said Ben Tobin, Co-Head of Market Development for Portfolio Optimization, Capitolis. “We are grateful to Societe Generale for bringing together all parties, and it has been great to get this over the line as we welcome our first asset manager on the Capitolis Novations platform.”
Luke White, Head of Foreign Exchange Prime Brokerage, EMEA & APAC, Societe Generale said, “Once again, Societe Generale builds on its well-earned reputation for financial innovation by bridging a critical gap between the two market dominant players in the upstream and midstream world of trade processing. This solution delivers a more efficient netted portfolio of exposures, helping both clients and banks recycle credit, reduce leverage, and boost trading efficiency.”
The Capitolis Novations platform, the only FX novation platform on the market, helps drive efficiencies, safely expanding execution opportunities within the FX market and further reducing its risk and capital footprint. As Capitolis continues to innovate and expand its offerings, the successful implementation of straight-through processing for FX option novations sets a new standard for efficiency and automation in the financial industry.
Source: Capitolis
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
The integration of dbHedge into LiquidityFX augments smartTrade’s existing tools for internalising FX flow.
-
The collaboration with Rand Merchant Bank advancs in SGX FX’s ambitions across emerging markets.
-
Automated FX covers 61 currencies for clients with assets held by multiple custodians.
-
Apax Digital Funds has made a $60m minority investment.
-
The UK bank's presence in major currencies adds meaningful depth for trading across global sessions.