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lmrkts.com

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Founded Year

2011

Stage

Acquired | Acquired

Total Raised

$7.72M

About LMRKTS

LMRKTS is a financial and operational risk mitigation service provider that uses mathematical optimization to reduce counterparty, market and settlement exposures. Its solutions address the FX and interest rate asset classes to reduce risk, leverage and gross notional across bilateral and cleared products. LMRKTS gathers exposure data, sets limits, defines objective functions and provides projected results enabling traders to verify the benefits and confirm participation.On August 4th, 2021, LMRKTS was acquired by Capitolis. Terms of the transaction were not disclosed.

LMRKTS Headquarter Location

7 World Trade Center 250 Greenwich Street, FL47

New York, New York, 10007,

United States

646-975-0021

Latest LMRKTS News

FX FinTech Capitolis set to acquire optimisation and compression provider

Aug 6, 2021

The Trade FX FinTech Capitolis set to acquire optimisation and compression provider Capitolis said its LMRKTS acquisition would allow it to increase the depth of its optimisation team and offering. Foreign exchange novation platform provider Capitolis has entered into an agreement to acquire multilateral optimisation and compression provider LMRKTS. The proposed acquisition is expected to close this month, subject to closing conditions. Terms of the deal were not disclosed. The acquisition will allow Capitolis to provide banks, asset managers, and hedge funds with increased trade compression solutions. Capitolis, which serves over 100 global financial institutions, aims to improve liquidity in the markets by allowing banks to source capital for trades from other financial institutions with large balance sheets. The platform provider said the integration of the LMRKTS teams would allow it to increase its optimisation offering and its ability to bring additional capabilities, including multilateral compression, to the market. “At Capitolis, we are well on our way to meeting our audacious goal of transforming capital markets, guided by the tremendous demand we continue to see from the world’s most significant providers of capital,” said Gil Mandelzis, founder and CEO of Capitolis. “With the addition of the fabulous capabilities Hilary, Sandeep, and the LMRKTS team have built, we will unlock even greater opportunities to expand our product suite and enhance our technology.” The acquisition follows two recent funding rounds by Capitolis in September and April, backed by major financial institutions JP Morgan, State Street and Citi, among others. The latest funding round, which secured Capitolis $90 million, was led by venture capital firm Andreessen Horowitz and took Capitolis’ total funding to $170 million to date. Capitolis also confirmed several senior new hires in October from major participants including BNP Paribas and CME Group amid a pledge to almost double its headcount by the end of 2020.

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Research containing LMRKTS

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CB Insights Intelligence Analysts have mentioned LMRKTS in 1 CB Insights research brief, most recently on Sep 30, 2020.

Expert Collections containing LMRKTS

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

LMRKTS is included in 4 Expert Collections, including Regtech.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

W

Wealth Tech

1,109 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

C

Capital Markets Tech

800 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

F

Fintech

26,163 items

US-based companies

LMRKTS Web Traffic

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LMRKTS Rank

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