LMRKTS Series A (IFC-39414)

  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 10, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 8, 2017

Disclosed by Bank Feb 6, 2017

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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.
Investment Description
LMRKTS is a private company founded by Lucio Biase in 2012. The Company has so far received funding from individual angel investors and from a venture capital firm. Most of the existing shares are owned by the founder/CEO and other key management.

Contact Information
LMRKTS, LLC Aliya Haider General Counsel ahaider@lmrkts.com 48 Wall Street, 11th Floor, New York, NY 10005 www.lmrkts.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/