FIA to Feature LMRKTS in Innovators Pavilion

NEW YORK, Sept. 27, 2016 -- FIA announced that LMRKTS is one of 18 companies chosen to exhibit in the 2016 Innovators Pavilion at the Futures and Options Expo in Chicago on Oct. 18-20. Innovators Pavilion showcases startup companies providing forward-thinking solutions for the futures, options and cleared swaps industry.

LMRKTS was chosen from a competitive pool of applicants, and will receive a Tech Pod with a flat screen monitor on the Expo show floor that can be used to display its services. LMRKTS will also be featured in the official conference guide, the FIA's service provider directory and the event app. In addition, five FIA Innovators will be chosen to take part in a Meet the Innovators competition in which each company will have five minutes to pitch its services to Expo attendees. Following the competition, a panel of judges will select one company as the FIA Innovator of the Year and award that firm a prize of cash and other resources valued at more than $20,000. 

“Progress in our industry is being driven by forward-thinking companies like LMRKTS,” said Rob Creamer, FIA board member and chairman of the FIA Principal Traders Group, who chaired the Innovators Pavilion selection committee. “Through Innovators Pavilion, FIA is forging networks between pioneering startups, a diverse community of market participants, and venture capitalists focused on fintech. We’re excited to be featuring FIA Innovators more prominently this year with the help of Nasdaq’s sponsorship and additional support from FinTEx Chicago, FinTech Sandbox and Hyde Park Angels.”

With more than 5,000 people attending each year, the FIA Expo is the largest gathering of derivatives industry professionals in the world. Attendees include senior executives from brokerage firms, exchanges, trading firms and service providers, and the exhibit hall typically attracts more than a hundred firms as exhibitors.

LMRKTS is a market leading compression provider, which recently facilitated the first multilateral FX compression designed to lower counterparty exposures and consolidate cash flows.  Market participants can share their position and exposure data because LMRKTS operates as a trusted and independent third party.  The LMRKTS’ offering is an analytic that sits on top of existing market infrastructure.  Participants set bespoke constraints and objective functions and LMRKTS determines an output that is not only mutually beneficial but also lowers systemic risk.

LMRKTS and other Innovators were selected on the basis of applications that were submitted and reviewed by a committee of industry experts assembled by FIA. 

View the full list of FIA Innovators here. 

About FIA
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in global financial markets.

For more information, contact Heather Vaughan at +1 202-466-5460.

About LMRKTS LLC

LMRKTS offers a more modern version of portfolio compression – a means for Sellside, Buyside, CCPs and end-users to optimize their counterparty risk in any market or payment system without changing their market risk.  Whether through the addition of new positions or the terminations of existing exposures, LMRKTS takes participants’ total gross counterparty credit risk down to a level nearer their net market risk, often shifting exposures to more creditworthy parties.

LMRKTS LLC
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