KRM22 has acquired Object+, a risk management and post-trade services technology company for capital markets firms.
The acquisition of Object+ will enable KRM22 to expand its market risk solutions to include pre-trade and at-trade functions that connect directly to major global exchanges.
It will also allow KRM22 to share data between systems, eliminating the need for multiple market data sources and reconciliations for its customers, reducing the cost and complexity of their risk management processes.
Object+ 's market risk management technology includes real-time profit and loss and margin management as well as pre-trade order limit management capabilities.
Based in the Netherlands, with offices in Amsterdam and Chicago, Object+ services global banking and trading firms across Europe, North America and Asia.
Martin van Aalderen, CEO of Object+, said: “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.”
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.”
He added: “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.”
