Darryl Hooker Joins Gil Mandezis’ Capitolis as a Consultant

Longtime industry veteran Darryl Hooker has joined technology provider Capitolis. He's best known for his career at ICAP’s EBS, most recently working at the London-listed company's Brokertec division. Hooker will join Capitolis as a consultant in a business development role.

Capitolis was co-founded by Gil Mandelzis, Tom Glocer and Igor Teleshevsky. The trio received a series A funding round to the tune of 20 million after a seed round from Sequoia Capital of $9 million.

Hooker has held various roles during his time at ICAP. These include stints as co-head of ICAP’s EBS BrokerTec, and most recently as Global Head of Spot FX and Precious Metals and Head of FX EMEA for NEX Markets (the division that was renamed from EBS BrokerTec). He is also a committee member of the ACI-UK Financial Markets Association and holds chairmanship at the International Rubble Settlement Forum.

Capitolis Products

The company has a set of products focused on FX and equities. Capitolis Novation is the firm’s FX-focused post-trade platform that automates manual workflow. By mitigating inefficiency related to regulatory capital and tightening client credit capacity, the company aims to deliver optimal connectivity to the FX market.

Capitolis’ mission is to address capital markets constraints in the financial system. With Capitolis Switch, a key credit issue is addressed, enabling the unbundling of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, processing, capital and risk in foreign exchange prime broking. Switch is a platform which allows alternative providers of credit, typically non-GSIBs, to connect with trade processors and their clients.

The firm's 'Finance' product is aimed at bringing together short-term investment returns demand with global banks that aim to raise the profile of their client trading franchises.

The company was funded in March and has been since developing its product portfolio. The firm is ISO 27001-certified and aims to bring together Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term, lalance sheet providers and trade processors.

The team at the core of Capitolis shares vast experience in the financial market. Back in March, the firm announced that Mandelzis had been joined by former Credit Suisse executive Justin Klug, former Bank of America Merrill Lynch Managing Director Joseph Tarditi, and former Morgan Stanley and Citi executive David Lamb.