Capitolis to Acquire LMRKTS to Accelerate Growth

Capitolis, a leading SaaS platform that drives financial resource optimization for capital markets, announced on August 4 that it has entered into agreement to acquire LMRKTS, which provides optimization and compression services that help financial institutions manage derivatives exposures.

According to the official press release, the proposed acquisition is planned to close in the month of August, subject to certain closing conditions. And it is expected to enable Capitolis to provide banks, asset managers, and hedge funds with the broadest and most complete trade compression solutions available in the market.

Established in 2017, Capitolis has a rapidly growing client roster of more than 100 leading global financial institutions. These clients utilize Capitolis’ innovative technology platform to seek out opportunities to free up capital without taking on additional risk.

“At Capitolis, we are well on our way to meeting our audacious goal of transforming capital markets, guided by the tremendous demand we continue to see from the world’s most significant providers of capital,” said Gil Mandelzis, founder and CEO of Capitolis. “With the addition of the fabulous capabilities the LMRKTS team have built, we will unlock even greater opportunities to expand our product suite and enhance our technology.”

Earlier in April, Fazzaco reported that Capitolis has signed an agreement with Refinitiv​ to offer Capitolis' next-generation suite of optimization products through Refinitiv's Trade Notification platform.