World Bank Takes on Trading With $3 Million Investment

The investment arm of the World Bank has backed a Wall Street startup working to cut a major risk for banks’ trading desks.

The International Finance Corp., a member of the World Bank Group, is investing $3 million into LMRKTS LLC, a New York startup founded in 2012 by ex-traders to help banks to slash their financial exposure to each other, according to the companies.

The project, which focuses on currency trading for…

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