JP Morgan, State Street and Citi invest in FX FinTech firm Capitolis
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
Capitolis has seen record transaction volumes of $417 billion in the second quarter of 2020 on its FX options novations platform.
Startup founded by former Thomson Reuters and EBS BrokerTec chiefs will use the funds to expand its platform and products.
Justin Klug joined Capitolis from Credit Suisse two years ago as COO and will take on the role of president at the firm.
Capitolis launched its novation platform last year in partnership with major firms including Citi, HSBC, Brevan Howard and BlueCrest.
EBS BrokerTec’s former CEO, Traiana’s former head of technology and the former CEO at Thomson Reuters founded Capitolis in 2017.