State Street Digital’s TradeNeXus Platform Partners with Capitolis to Launch Integrated Portfolio Optimization Offering
October 12 2022 - 9:45AM
Business Wire
Integrated solution builds on ongoing collaboration and enables
firms to employ best-in-class risk management and realize
operational efficiencies through regular portfolio optimization
State Street Corporation (NYSE: STT) announced today that
TradeNeXus, a GlobalLink digital platform for foreign exchange
transactions and an integral part of State Street’s Digital
Division, has partnered with Capitolis, the technology company
reimagining capital markets, to launch an automated post-trade
solution to optimize portfolios. This product culminates an ongoing
collaboration to integrate TradeNeXus’ award-winning technology and
network of asset management firms with Capitolis’ optimization,
novation, and trade compression solutions.
With this integrated offering, buy-side firms can utilize
TradeNeXus to automate data submission and access Capitolis’
analytics tools to regularly scan portfolios for opportunities to
optimize foreign exchange trades. Buy-side firms can further drill
down opportunities for further analysis using a seamless dashboard
and single-sign-on function between the platforms. Firms can then
decide which optimization opportunities to pursue using Capitolis’
technology based on the expected savings and initiate those
optimizations, and all parties to any optimization cycle can
benefit from the straight-through-processing to gain capital,
margin and/or operational efficiencies.
“In today’s foreign exchange market, financial institutions are
feeling more pressure than ever to optimize portfolios, mitigate
risk, and contain operational and processing costs,” said Kate
Lowe, co-head of GlobalLink FX. “Our clients require seamless and
ongoing post-trade optimization services, and together with
Capitolis, we have created a next-generation, best-in-class
offering that will allow them to stay truly competitive in this
evolving environment.”
“We are excited to unveil our portfolio and foreign exchange
optimization services in partnership with State Street,” said Gil
Mandelzis, CEO and founder of Capitolis. “Our collaboration with
TradeNeXus is an ideal blend of innovative technology and
unparalleled connectivity within the buy-side community, and it
will become a critical differentiator in helping these institutions
optimize their workflows and post-trade processes.”
Capitolis has helped more than 70 financial institutions
eliminate trillions of dollars in notional value. The platform
integrates seamlessly with clients’ existing systems and is
cloud-based, scalable, secure, and cost effective. While a client’s
counterparties do not all have to use Capitolis to realize
benefits, as more counterparties sign up the network effect grows,
driving additional savings and efficiencies for everyone.
TradeNeXus and Capitolis began their partnership in November
2021.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $38.2 trillion in assets
under custody and/or administration and $3.5 trillion* in assets
under management as of June 30, 2022, State Street operates
globally in more than 100 geographic markets and employs
approximately 40,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of June 30, 2022 includes
approximately $66 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2022 State Street Corporation - All Rights Reserved
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Media Contact: Brendan Paul Bpaul2@statestreet.com +1
401.644.9182
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