Gil Mandelzis’ Capitolis Partners with NEX

NEX Optimization and Capitolis have entered into a new business relationship. The FX technology startup founded by Gil Mandelzis which raised $29 million in funding back in March, is going to offer its FX novation service via the NEX Infinity platform.

Mandelzis was previously the CEO of the electronic markets unit of NEX Group, EBS. The industry veteran has been actively committed to developing a variety of new products with Capitolis.

NEX optimization 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 optimization of resources used for trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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 optimization 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 the part of clients.

FX Novation Service

The funding round of Capitolis in March 2018 has enabled the firm to bring its products to market quickly. The firm is offering to the market an end-to-end FX novation processing that brings standardization, 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 Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term 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 the time to market.