World Bank bets on compression for EM currencies

NY-based start-up LMRKTS gets backing to support illiquid markets

World Bank building
The International Finance Corporation is a World Bank Group institution focused on the private sector in developing countries

A fintech start-up that helps the world’s biggest dealers reduce capital and margin requirements for foreign exchange derivatives trades is receiving a cash infusion from the World Bank, which believes the service can help foster liquidity in emerging market currencies.

New York-based LMRKTS offers a compression service that is currently used by a core group of 10 big banks, allowing them to reduce bilateral exposures by tearing up some trades and adding new ones. Since it launched in late 2016

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here