Capitolis to acquire LMRKTS
Deal for multilateral compression provider latest in wave of post-trade tie-ups, as SA-CCR bites
Capitolis, a start-up that operates a peer-to-peer market that allows banks to optimize or offload capital-intensive exposures, has struck a deal to acquire foreign exchange-focused compression provider, LMRKTS. The deal, whose terms have not been disclosed, is set to close at the end of August.
The tie-up combines Capitolis’s bilateral optimization operations with LMRKTS’s multilateral focus to create “the most complete trade compression solutions” in the market, according to a statement.
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