Keith Todd, Chairman and CEO at KRM22

UK-based technology and software company KRM22 has entered into a definitive agreement to acquire a risk management company Object+.

According to the supplier, KRM22’s post-trade market risk capabilities combined with that of Object+’s will enable the former to enhance its market risk solution offering with the inclusion of pre-trade and at-trade functions connecting to major global exchanges. The acquisition also aims to enable KRM22 to share data within systems, eliminating the need for multiple market data sources and reconciliations and therefore eliminating cost and complexity of their risk management process.

Keith Todd, Chairman and CEO at KRM22, commented: “This acquisition is a further strategic step towards the development of our Global Risk Platform, bringing strong post-trade execution and market gateway expertise which is complementary to our existing market risk offering. Our focus is to provide applications which help our customers reduce the cost and complexity of risk management at their firms and believe that this acquisition will help us to build even greater momentum in the market.”

Established in the Netherlands, Object+ provides services to global banking and trading firms across Europe, North America and Asia. Its market risk management solution comprises of real-time P&L, margin management and pre-trade order limit management capabilities.

Martin van Aalderen, CEO at Object+, commented: “The idea of bringing a unified global risk management platform to capital markets companies is one that our industry has been waiting for. The success that KRM22 has had in bringing this to market in just one year of operations is incredibly impressive. Our employees, shareholders and clients are excited to be part of that initiative as we bring our pre-trade and post-trade risk products and services to KRM22’s Global Risk Platform.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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