Capitolis Expands FX Novations with Societe Generale

Capitolis, a financial technology company, has developed an expanded novations solution in partnership with Societe Generale, enabling the prime broker to be the first to offer full straight-through processing (STP) of FX options novations. Societe Generale approached Capitolis seeking a fully automated solution enabling its clients to novate FX options within its network without manual intervention. Leveraging the Capitolis Novations platform, and in collaboration with Societe Generale, Capitolis delivered a solution that increases speed, automates a primarily manual process, and reduces operational requirements. Capitolis conducts the novations on its platform, which then messages into Societe Generale’s TRM system. The solution is now live on the Capitolis Novations platform and available for banks seeking full STP processes for FX options novations.