Capitolis Novations Platform Achieves Record $710 Billion in Gross Notional, 40% Above Recent High

Record month includes 5,659 novated trades

More than a dozen PB’s, EB’s, and Clients have recently joined the platform

Capitolis Novations Platform Achieves Record $710 Billion in Gross Notional, 40% Above Recent High

Edward Ruddy
Sloane & Company
eruddy@sloanepr.com

Brian Zilberfarb
Capitolis
brianz@capitolis.com

Capitolis, the technology company helping to create safer and more vibrant capital markets, enters 2025 with continued momentum for its Novations platform. It notched another record month in December, achieving $710 billion in Gross Notional ($210 billion over previous high) across 5,659 novated trades, to close out 2024 as the platform’s best-performing year to date.

Capitolis has added three prime brokers, six executing brokers, and eight clients to the Novations platform in 2024, with even more coming on in 2025. It has also significantly reduced response times by more than 60% over the past 24 months, with those on the platform consistently responding twice as fast as those off-platform. Growth on the Capitolis Novations platform has been driven by onboarding more buy-side and FX prime brokers and increasing their initiations, including 7,300 initiated trades in December, the highest for the year.

“The strong growth we saw in 2024 is a direct result of adding more prime brokers, executing brokers, and clients to our Novations platform, with improved functionality and technology advances contributing to increased adoption,” said Ben Tobin, Head of Europe, Capitolis. “The significant reduction in response times is a proof point for the benefits of being on platform, and we are excited to collaborate with existing and new market participants as we continue to grow and expand our network.”

Capitolis will introduce future enhancements to its Novations platform this year, including a new user interface and the ability to make amendments in standard workflow.

To learn more about the Capitolis Novations platform, visit https://capitolis.com/novations.

About Capitolis

We believe the financial markets can and should work for everyone. Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks – and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as Citi, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS.

Founded in 2017, our team brings decades of experience in launching successful startups, technology, and financial services. Capitolis was recognized on the Inc. 2024 Best in Business list in the Financial Services and Innovation & Technology categories, and named World’s Best FX Software Provider for the second straight year in the 2024 Euromoney Foreign Exchange Awards. The company has been included on each of CNBC’s World's Top Fintech Companies 2024 list and Deloitte’s 2024 Technology Fast 500 list in consecutive years and was named to Fast Company’s prestigious annual list of The World’s Most Innovative Companies for 2023. American Banker recognized Capitolis among the Best Places to Work in Fintech, and the company was named by Crain’s New York Business as one of New York’s Best Places to Work in 2024 for the third consecutive year. For more information, please visit our website at www.capitolis.com or follow us on LinkedIn.