Capitolis, the technology company reimagining capital markets, announced it has completed a reduction in exposure to Russian rubles for many of the world’s leading financial institutions. The ruble optimization is a first for Capitolis, which was approached by the banks to design a solution and worked quickly to bring together a large network of banks to participate in this targeted solution. Through its trade compression platform, Capitolis was able to reduce these large exposures and promote financial soundness and stability for the benefit of the whole capital markets system.
In addition to helping clients and the overall market, Capitolis will donate fifty percent of the revenues generated from this optimization exercise to Ukrainian relief and humanitarian efforts.
https://twitter.com/Capitolis_Inc/status/1504084208972673028
“We are committed to making the global financial markets work better for our clients and the system as a whole,” said Gil Mandelzis, CEO and Founder of Capitolis. “We worked quickly through our trade compression platform and in great collaboration and partnership with our clients to meaningfully reduce risk, while aiding the Ukrainian people amid this incredible suffering.”
Capitolis intends to continue offering a Russian ruble compression run as long as it is needed.
Source: Capitolis
