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Capitalab announces record Compression and Initial Margin Optimisation results
By: PR Newswire
Nov. 8, 2018 03:03 PM
LONDON, Nov. 8, 2018 /PRNewswire/ -- Capitalab, a division of BGC Brokers L.P. ("BGC Brokers"), an entity within BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced record Swaptions compression and rates Initial Margin Optimisation results. In the last two months, Capitalab compressed over $700 billion of Swaptions, Caps and Floors notional across combined Options and cleared Swaps cycles, with over $2 billion of rates Initial Margin (IM) savings in one October IM run alone, across over 25 legal entities and one CCP.
Gavin Jackson, London based co-Founder of Capitalab, commented on today's announcement: "Capitalab's multi-product optimisation services easily catered for an increase in industry notionals outstanding." Capitalab is at the forefront of innovation in the risk optimisation space, from offsetting Swaps and Options delta in streamlined compression exercises to saving Participant margin across both bilateral and cleared exposures, compressing previous cycle Swaptions, avoiding complexity of expiry.
Recognising an inventive and agile approach to solving the needs of clients as the industry and marketplace continues to evolve, Capitalab were recently presented with GlobalCapital Magazine 2018 Global Derivatives Awards' Compression Service of the Year for a second year.
David Bachelier, Singapore based co-Founder of Capitalab, said, "This year we have been very active to meet the needs of our clients and match their priorities, an example being the optimisation of initial margin. We are pleased to see our efforts recognised and aim to keep enhancing our services for the financial community."
Ross Lancaster, Editor, GlobalCapital, comments: "Capitalab has demonstrated a dedication to innovate in compression that made it stand out among the pitches for this year's awards. For this entrepreneurial spirit and the benefits is has brought to derivatives markets, GlobalCapital found Capitalab to be a deserving winner."
For more information: https://www.capitalab.co.uk/
About BGC Partners, Inc.
BGC's customers include many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.
Discussion of Forward-Looking Statements about BGC and Newmark
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