Compression start-up LMRKTS secures investment
Founded in 2012, the fintech firm recently reached the trillion-dollar mark of gross notional reduction
New York-based LMRKTS, a fintech start-up offering multilateral FX compression services, has secured investment from venture capital firm Motive Partners.
LMRKTS, founded in 2012 by Lucio Biase – a former trader at Lehman Brothers, Credit Suisse and hedge fund Marathon Asset Management – uses a proprietary algorithm to compress foreign exchange risk deriving from forwards, options and cross-currency swaps.
Services such as those provided by LMRKTS are increasingly being used by banks seeking to
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