Margins concentrate in the machinery
As execution becomes more electronic and spreads stay thin, performance depends on workflow, platform cost, data quality and post-trade efficiency as much as the trade itself.
Capital Markets
Capmark helps capital markets businesses improve desk performance, trading platforms, data, controls and post-trade operations without interrupting live flow.
Our experience and impact
Evidence of Capital Markets delivered.
20+ years
On Tier 1 trading desks
London, New York, Sydney and Melbourne.
80+ venues · $50bn+
MiFID II programme
Six asset classes kept compliant through the deadline; cleared volume in scope.
A markets business earns its return through thousands of connected decisions: what each desk trades, how flow is executed, what platforms and data cost, and how much margin is lost to post-trade breaks and control friction.
Capmark works across that chain: desk operating model, execution, electronic trading, platforms, market data, post-trade, risk, controls and regulatory change.
The analysis that recommends a change is followed by the people who build it. Advice and delivery come from the same senior team.
What is changing
Three forces on the markets business.
Settlement cycles are shortening
T+1 reduces the time available for affirmation, funding, matching and settlement. Breaks that were manageable under longer cycles become more expensive.
Controls are examined in detail
Best execution, surveillance and trading controls are reviewed at the level of calibration, evidence and operating discipline.
How we can help
Where we work in markets.
Seven capabilities cover the markets business from execution to platforms, post-trade, infrastructure, controls and desk performance.
Client results
Proven in the work, not the pitch.
The client results most relevant to Capital Markets — the problem, what we did, and the outcome.
Capital Markets · Regulatory Transformation
MiFID II trading controls and infrastructure across six asset classes
Leading Investment Bank · Equities, Derivatives, Commodities, FX, Credit & Rates
We helped deliver trading controls and market infrastructure change across algorithmic trading, direct electronic access, market making, clearing, surveillance and best execution.
- 80+
- Venues retained
- $50bn+
- Cleared derivatives volume
- Lower
- Compliance overhead
- Reduced
- Surveillance false positives
Read the case study
Capital Markets · Trading Technology
eFX and equities algorithmic-trading platform engineering for a US investment bank
A US Investment Bank · eFX & Equities Algorithmic Trading
The bank partnered with us to enhance its eFX platform, built on the third-party Integral solution, and its internal equities algorithmic trading platform: engineering back-to-back trades into the US book to manage risk, enhancing the Calypso-integrated middle office and updating order management systems including OPICS and Fenics.
- Integral
- Vendor eFX platform enhanced
- B2B
- Automated risk transfer to the US book
- Calypso
- Middle-office integration enhanced
- OPICS + Fenics
- Order management systems updated
Read the case study
Capital Markets · Surveillance
Trade surveillance rebuilt across ETD and OTC flow for a global investment bank
A Leading Global Investment Bank · Trade Surveillance
We helped take market-abuse surveillance from risk assessment and vendor selection through to live platforms across exchange-traded and OTC flow, aligned to market-abuse and market-integrity obligations, with tuning to reduce false positives.
- ETD + OTC
- Flow brought under surveillance
- RFI to live
- Selection through production delivery
- MAR · ASIC
- Obligations aligned
- Multi-year
- Surveillance roadmap defined
Read the case study
Our Capital Markets insights
Practical thinking from people who have delivered the work.
Get in touch
Speak with a Partner about Capital Markets.
From a one-month gap analysis to a multi-year programme, we engage at the stage that fits.