29th Nov 2018 13:08
LONDON (Alliance News) - KRM22 PLC on Thursday said it signed two new customer contracts for its investees Irisium and ProOpticus.
In June, the London-listed investment company bought a 60% stake in surveillance firm Irisium.
Under the deal, Irisium will provide its market monitoring and analytics application to cryptocurrency exchange firm Bitstamp. This technology will help Bitstamp to monitor market activity, as it continues to increase transparency, integrity and confidence in the cryptocurrency market.
At the end of September, KRM22 acquired Prime Analytics LLC, a Chicago-based risk management technology company, which offers software products to customers under the brand-name ProOpticus.
KRM22 said ProOpticus' real-time post-trade portfolio risk management application will be provided to the US-based Futures Commission Merchant.
"KRM22 was established to transform the way capital market organisations manage risk, by building a Global Risk Platform and growing the businesses we invest in," said KRM22 Executive Chairman Keith Todd.
"I am delighted that these two customer contracts for Irisium and ProOpticus show further validation to the approach we are taking, and the growing need for risk management software in all sectors of capital markets," added Todd.
KRM22 shares were untraded on Thursday, last closing at 106.00 pence each.
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