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The Liquidity Marketplace Ltd.
Location: Vancouver, BC
The Liquidity Marketplace Ltd (LMX) connects Corporate, Non-Bank Financial Institutions, Banks and other Institutional clients via an all-to-all Marketplace, enabling them to interact directly with each other so they can deploy and source liquidity with each other. The LMX also offers SaaS solutions, such as the Treasury window, to banks so that they can improve their interaction with their clients as well as their risk controls. The LMX Marketplace and private market solutions fuse cutting-edge technology and financial expertise to create solutions that fit seamlessly with The LMX’s members’ financial ecosystem. By creating new financial instruments, eliminating intermediaries and broadening connectivity amongst institutional constituents, LMX improves costs, returns and risk dynamics for its members.
Liquidity Marketplace Platform – A secure electronic all to all platform where wholesale market participants (Banks, corporates, NBFI, institutional investors) can be matched or interact to efficiently source and deploy short term liquidity. The marketplace will provide equal access and achieve price transparency for all participants. The marketplace will operate on the basis that all users accede to standardized terms and conditions and standardized contracts for the products that are traded therein.
“STABL” LMX Short Term Agreement for Bi-lateral Lending – A standardized short-term bi-lateral lending agreement for unsecured borrowing guaranteed by a legal entity. The standardized contract allows any wholesale participant to borrow or lend to another on the platform, increasing the potential pool of liquidity vs. the current model of bank centric solutions.
LMX Private marketplace solution – This is a white-label version of The LMX Marketplace platform that has been modified to allow a bank to deploy it as a fully automated deposit and CD system for the bank’s clients (SME, Corps, HNWI)
Technology – The LMX technology team has over 30 years of exchange creation experience (Nasdaq, SGX, Shanghai Exchange, etc). The LMX technology solution also has been created without the need to incorporate legacy bank technology which allows LMX to create solutions at 2-4x the time of a bank competitor. Since the technology solution behind the all-to-all market is sufficiently complex there is a barrier to entry for prospective competitors.
New solution – The LMX solution is a complementary and novel instrument in the short-term liquidity market which solves a pressing problem for banks while helping them improve their client service. For corporates, it adds a low-cost alternative to their current liquidity offerings.
Team – The LMX team has over a combined 125 years of experience and track record of execution and technical insight in electronic trading platforms and short term liquidity markets.
Strategic Partners – LMX has established partners with complementary product lines and industry leading relationships and solutions. Partners such as Allen & Overy, Treasury Alliance, Bloomberg, KPMG, and Marketgrid will give LMX speed to market and achieve the highest standards from solution to compliance with all regulatory and accounting practices in the jurisdictions in which LMX will operate.
Thomas Schickler, CEO
Thomas has worked in Financial Services for 26 years in Operational, Technology and Business leadership roles, primarily in Transaction Banking (Citibank, JP Morgan and HSBC) as well as in EBS Dealing Resources (an electronic Interbank FX dealing platform). While at JP Morgan and HSBC, Thomas has created innovative Liquidity, Investment and Payment solutions for all types of wholesale clients and enabled both franchises to establish a Global leadership position during his tenure.
Thomas’ responsibilities have included balance sheet management of > $500Bn in liabilities, P&L of >$7Bn, organization >450 FTE as well as direct engagement with the regulatory community to shape the mechanics of certain Basel III related liquidity measures. Thomas also chaired the Risk and Audit committees of the National Payment Corporation of India.
His roles and experience position him to have unique insights into the rapidly changing liquidity dynamics for all industry constituents – Banks, Corporates, Regulators.
Marcus Marnham, CEO
25 years within the IT industry, holding senior strategic roles at Barclays, HSBC and BT. Integrated payments and liquidity systems specialist.
Brian Conway, Head of Market & Products
Brian has spent the last 10 years working at Goldman Sachs in New York and London in Trading and Lending roles. He most recently was Head of European Structured Products Trading and has experience in Commercial Real Estate lending, corporate credit, infrastructure and distressed workouts.
Brian will oversee the creation and operation of the LMX trading platform and product and contract design of LMX liquidity products.