FinTech Capitolis Teams up with CLS

Capitolis, an innovative FinTech company, recently announced its partnership with CLS, a foreign exchange market infrastructure provider, for integrating CLS’ data with the company’s proprietary technology platform in a bid to streamline trading and settlement for banks.

With the new partnership, financial institutions that use Capitolis’ real-time technology platform will be able to identify the best optimization opportunities, close unnecessary positions as well as free up capital. Moreover, it will also have huge effect on capital, market pricing, overall reduction of systemic risk and so on.

As financial institutions intend to enhance their balance sheets, it is of great importance for them to possess the ability to take advantage of innovative and effective optimization services.

Capitolis' CEO and founder Gil Mandelzis said that the company brings a brandnew approach to the market, delivered through innovative technology. They are aiming to build a growing community of financial institutions , enabling these firms to collaborate and optimize their financial resources. The collaboration with CLS will help create new opportunities for collaboration and achieving their vision – to make markets safer, healthier and more efficient.

​Keith Tippell, Global Head of Product at CLS, added, CLS are happy to collaborate with the Capitolis team, providing CLS trade data and enabling improved capital efficiencies and significantly reducing risk for market participants.