Capitolis will donate a portion of proceeds from next optimization exercise scheduled for mid-November
NEW YORK–(BUSINESS WIRE) — Capitolis, the technology company creating safer and more vibrant capital markets, today announced it will donate a portion of proceeds from its upcoming multilateral optimization run to support humanitarian relief efforts in Israel. The company employs 46 people in its Tel Aviv office, including much of its technology team. The upcoming optimization run is slated for mid-November.
“Anyone in the world should be mortified by the atrocious and barbaric massacre Hamas conducted on innocent civilians including children, women, and the elderly. This is not the time to sit idly by. This is the time where companies and leaders must stand up for what’s right. We must all strongly condemn this and any type of terror attack,” said Gil Mandelzis, CEO & Founder, Capitolis, and a native Israeli. “Capitolis has meaningful presence in Israel, and we will do all we can to support our team there and the many innocent people who are suffering from this horrific situation.”
Capitolis conducts ongoing multilateral optimization runs across its global bank network to manage risks stemming from market and counterparty exposures across various foreign exchange (FX) workflows. Capitolis’ Portfolio Optimization exercises deliver significant reductions in exposures calculated under SA-CCR and additional objectives.
To learn more about Capitolis’ Portfolio Optimization solutions, visit https://capitolis.com/portfolio-optimization/.