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

NEW YORK–(BUSINESS WIRE) — 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.