World Bank bets on compression for EM currencies
NY-based start-up LMRKTS gets backing to support illiquid markets
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
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