Mandelzis was previously the CEO of the electronic markets unit of NEX Group, EBS. The industry veteran has been actively committed to developing of a variety of new products with Capitolis.
NEX optimisation is a set of cloud-based solutions focused on multiple points of a transaction’s lifecycle. The goal of the product is to help clients reduce complexity. The optimisation of resources used for trade execution has been essential for both buy and sell side.
Market Evolution
The CEO of Capitolis and former CEO of EBS, Gil Mandelzis has highlighted that the company’s product has the potential to change the market’s structure.
The wide distribution network and connectivity of NEX Optimisation delivers the FX novation product to a broad market. “This new partnership will help Capitolis to accelerate the global adoption of this important new product,” said Mandelzis.
“As the FX industry increasingly incorporates novation into their portfolio optimisation processes, there is an increasing market need for an end-to-end automated solution such as Capitolis,” elaborated the CEO of Traiana, Andrés Choussy.
The Infinity platform of NEX Optimization has been actively expanding the addition of third party service offerings. The move is a response to rising demand for new post trade services on part of clients.
FX Novation Service
The funding round of Capitolis in March 2018 has enabled the firm to bring its quickly. The firm is offering to the market an end-to-end FX novation processing that brings standardisation, automation and transparency to both buy and sell side.
The service has been live since May and got adopted by leading banks and buy side participants. Customers of NEX Optimisation will be able to access the service via their existing connection. The process requires minimal changes to infrastructure and speeds up time to market.
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