9th Gear enables near real-time settlement in capital markets, focusing initially on foreign exchange transactions. The platform addresses the inefficiencies and delays in traditional settlement processes, enhancing liquidity and reducing counterparty risk for market participants.
Funding
$7.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional foreign exchange (FX) settlement processes are often slow and inefficient, leading to delays and increased counterparty risk for financial institutions. These delays can tie up capital and hinder liquidity, impacting the overall efficiency of capital markets.
Solution
9th Gear offers a platform designed to enable near real-time settlement in capital markets, initially focusing on FX transactions. By streamlining the settlement process, 9th Gear aims to enhance liquidity and reduce counterparty risk for market participants. The platform provides a more efficient and faster alternative to traditional settlement methods, allowing for quicker access to funds and reduced exposure to potential losses. This improved efficiency can lead to better capital utilization and a more stable trading environment.
Target Audience
The primary target audience includes financial institutions, banks, and other participants in the foreign exchange market seeking to improve settlement efficiency and reduce risk.
Features
- Near real-time settlement for FX transactions
- Enhanced liquidity through faster settlement cycles
- Reduced counterparty risk due to quicker transaction finality