Compression start-up LMRKTS secures investment

Founded in 2012, the fintech firm recently reached the trillion-dollar mark of gross notional reduction

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"The LMRKTS team has developed a market-friendly means to address the regulatory mandate" – Lucio Biase

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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