Capitolis has acquired Capitalab from BGC Group for $46 million. This acquisition enhances Capitolis's offerings in Rates Portfolio Compression and Margin Optimization, expanding its network of financial institutions. Capitalab has compressed over $10 trillion in options contracts. Capitolis CEO Gil Mandelzis and Capitalab CEO Gavin Jackson expressed enthusiasm about the merger, highlighting the potential for innovation and improved client services.

Expands Capitolis business into Rates Portfolio Compression & Margin OptimizationCapitalab Founder and CEO Gavin Jackson to join Capitolis executive teamNEW YORK–(BUSINESS WIRE)–Capitolis, the technology company helping to create safer and more vibrant capital markets, has today announced the acquisition of Capitalab, a leader in Rates Portfolio Compression and Margin Optimization, from BGC Group for a purchase amount of $46 million. This acquisition will allow Capitolis, a market leader in the optimization and compression space, to offer more solutions to the industry and unlock additional innovation to address emerging client needs.The acquisition follows a period of rapid growth for Capitolis, in which the company launched multiple new products and experienced strong network expansion over the past year. The addition of Capitalab expands the company’s growing network of the world’s most important financial institutions and creates opportunities to bring in more market participants through Capitalab’s strong footprint in Rates Portfolio Compression and Margin Optimization. Capitolis will build on Capitalab’s deep domain expertise and extensive client relationships. To date, Capitalab has compressed a gross notional amount of more than $10 trillion of options contracts.“Portfolio compression and margin optimization are extremely important to the capital markets and, when properly executed, truly help the financial system and its participants,” said Gil Mandelzis, CEO and Founder of Capitolis. “Capitalab’s highly innovative technology complements our existing suite of award-winning solutions and together we will create a ‘one-stop shop’ for compression

Capitolis, a financial technology company based in New York, acquired Capitalab from BGC Group for $46 million.