LMRKTS

wealthtech-retailother investments platformartificial intelligence/machine learning

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 01/05/2020

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About

We are an independent and trusted partner to the worlds largest financial institutions for balance sheet optimization. LMRKTS brings equilibrium to the market a fresh approach providing multi-lateral and dimensional portfolio compression in a way that drives down exposures and reduces costs for every participant in different asset classes. As a result of Dodd-Frank, EMIR and Basel III, banks are under increased pressure and incentive to lower their exposures to each other, clients and central counterparties. LMRKTS has an advanced, technology solution that runs next generation algorithms and works with a banks existing infrastructure without any need to install additional software or hardware. This enables treasury and trading teams to set custom parameters to significantly reduce costs. In late 2016, LMRKTS team of former Wall Street traders and risk managers were the first compression provider to reach $1 trillion of gross notional reduction in FX.Advised and backed by a unique wealth of industry experience. The firm is headquartered in New York with a presence in London. For more information, please visit: www.lmrkts.com

MEDICI Analysis

LMRKTS is helping banks reduce risk in their derivatives portfolios with algorithms to identify excessive counter-party credit risk, and by suggesting trades to reconcile the exposure.

Focus

PRODUCTS & SERVICES

AI-based portfolio compression platform.

company provided insights

Traction

TRACTION COMMENT:

The company has compressed over US$2 trillion of notional equivalent in foreign exchange derivatives. (June 2017)

People

FOUNDERS

Lucio Biase

INVESTORS:

FinTech Innovation Lab

International Finance Corporation

Motive Partners

Sand Hill East

KEY EMPLOYEES:

Lucio Biase (CEO); Sandeep Karkera (CTO); Hilary Park (CSO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

1

TOTAL FUNDING

$7 M

DATE OF LAST FUNDING

Jan 2017

TOTAL FUNDING COMMENT

The company use the funds to expand in emerging markets beyond the New York Fed list of Primary Dealers and into other asset classes such as rates.

FUNDING SERIES

SERIES A  · $7 M  · Jan 2017

LISTED

NO

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