TradeNeXus, State Street’s GlobalLink digital platform for foreign exchange transactions, has partnered with technology company Capitolis to provide an automated post-trade solution to optimise portfolios.
The solution allows buy-side firms to automate data solutions through TradeNeXus and scan portfolios for foreign exchange optimisation opportunities through Capitolis’ analytics tools. Users will then be able to initiate these opportunities through Capitolis’ straight-through processing.
This development is part of an ongoing collaboration between the two companies, bringing together TradeNeXus’ asset management network and technology and Capitolis’ trading solutions.
Kate Lowe, co-head of GlobalLink FX, says: “In today’s foreign exchange market, financial institutions are feeling more pressure than ever to optimise portfolios, mitigate risk and contain operational and processing costs. With Capitolis, we have created a next-generation, best-in-class offering that will allow clients to stay truly competitive in this evolving environment.”
Gil Mandelzis, CEO and founder of Capitolis, adds: “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 optimise their workflows and post-trade processes.”
.jpg)