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SBI Holdings Invests in Potamus Holdings

Traders Magazine Online News, June 15, 2018

John D'Antona Jr.

Potamus Holdings, LLC (“Potamus”), the parent company of Potamus Trading, LLC (“Potamus Trading”), a broker-dealer operating low-latency, co-located trading infrastructure, announced a strategic investment by SBI Crypto Investment, a wholly owned subsidiary of SBI Holdings, Inc., (“SBI”), a pioneer of internet-based financial services based in Tokyo, Japan. 

Terms of the transaction were not disclosed.

Potamus Trading operates a proprietary technology platform that provides algorithmic execution services to buy-side institutions at zero commissions and offers transparency in execution as well as reviews of execution quality through a variety of metrics.  Potamus Trading seeks to dramatically lower execution costs and generate alpha for its clients’ trading strategies by combining high-frequency execution with mid- and low-frequency institutional orders.

Kristin Linnell, Managing Partner of Potamus Trading, said, “We are excited to partner with SBI, who shares our vision of delivering conflict free execution to buy-side asset managers.  We look forward to leveraging SBI’s considerable resources and expertise as we expand our global reach.”

Yoshitaka Kitao, Representative Director, President and CEO of SBI, added, “SBI is dedicated to creating a new financial ecosystem and our investment in Potamus underscores our commitment to bringing financial innovation to the equity markets worldwide.  We are confident in Potamus’ smart technology and its ability to disrupt an outdated institutional equities business.”

Potamus Trading is currently accepting new clients onto its platform. 

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