PROJECT

Projects

Summary of Investment Information

Project Number

39414

Company Name

Lmrkts LLC

Date SPI Disclosed

Feb 6, 2017

Country

World Region

Region

Global

Projected Board Date

Mar 10, 2017

Environmental Category

C - No Impact

Status

Completed

Last Updated Date

Feb 11, 2024

Department

Equity Portfolio Management

Industry

Financial Markets

Previous Events

Approved : May 10, 2017
Signed : May 11, 2017
Invested : May 24, 2017

Sector

Other

Project Description

LMRKTS provides portfolio trade compression services which involves identifying redundant derivatives trade exposure and recommending offsetting ones to reduce counterparty and systemic risk.  At present, the Company primarily serves banks and central counterparty clearing houses. Its proprietary algorithms have been demonstrated to eliminate client exposures with high efficiency and with little operational disruption to existing financial infrastructure. The Company was founded in 2012 and is headquartered in New York City. LMRKTS is raising funds to expand its staff, operations, and services.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation