BGC Brokers’ Capitalab Launches Combined Options and CME Cleared Swaps Compression
LONDON, Dec. 13, 2018 /PRNewswire/ — Capitalab, a division of BGC Brokers LP, an entity within BGC Partners, Inc. (NASDAQ: BGCP) group of companies today announced the execution of Capitalab’s first compression cycle of OTC Interest Rate products cleared by CME Clearing.
Capitalab and AcadiaSoft in collaboration for initial margin optimisation
Capitalab will leverage data within the AcadiaSoft Hub to improve efficiency of the service and help mutual clients in the derivatives market
CAPITALAB ANNOUNCES RECORD COMPRESSION AND 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.