The prime brokerage division of Societe Generale is offering a full straight-through processing (STP) of FX options novations following a new integration with fintech firm Capitolis. The launch aims to automate post-trade processing for FX options, reducing manual work and operational risk for institutional clients.

Full Automation for Prime Brokerage Clients

Capitolis has reportedly expanded its Novations platform to support full STP functionality, allowing trades to move automatically through Societe Generale’s transaction risk management system (TRM).

The solution enables the bank’s asset management client to novate FX options more efficiently, cutting operational workload and reducing settlement times. Capitolis said the service is now live and available to other banks looking to adopt a similar level of automation in their FX options workflows.

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“Capitolis is proud to offer Societe Generale Prime Brokerage a fully STP solution,” commented Ben Tobin, Co-Head of Market Development for Portfolio Optimization, Capitolis.

Ben Tobin, Source: LinkedIn

“We are grateful to Societe Generale for bringing together all parties, and it has been great to get this over the line as we welcome our first asset manager on the Capitolis Novations platform.”

Setting a New Standard in FX Post-Trade Processing

By introducing straight-through processing for FX option novations, Capitolis aims to help financial institutions expand execution opportunities while minimizing risk and capital usage. This new step marks a milestone for both firms as they continue to bring automation and operational efficiency into the heart of global FX markets.

Expect ongoing updates as this story evolves.

Source: Finance Magnates