KRM22 announces a new customer contract signed by Irisium, KRM22’s first investment in the risk management sector
KRM22 plc, (AIM: KRM) the technology and software investment company, with a particular focus on risk management in capital markets, today announces the signing of a new customer contract for trade surveillance software by Irisium, KRM22’s first investment (as announced on 5 June 2018).
The new contract is for Irisium’s turnkey market surveillance system with a customer in the fast-growing crypto-currency sector. Irisium will provide customised, market-specific alerts, tailored reports, and integrated case management to make trade surveillance efficient and straightforward. In addition to traditional market abuse scenarios, Irisium monitors high frequency trading, abusive trading patterns and entity relationships. KRM22 acquired 60% of Irisium on 4 June 2018.
Keith Todd CBE, Executive Chairman and Chief Executive Officer of KRM22 plc commented:
“This new customer contract is validation of KRM22’s model of growing the businesses we invest in and reflects the growing need for real-time risk management in all sectors of the capital markets.
The customer is truly innovative and will be using Irisium’s trade surveillance software with the view of building a service is that trusted by their customers and by the regulators. I am delighted that just one month after our investment, Irisium is growing its customer base.”