Susquehanna Government Products LLLP will serve as the exchange's first institutional market maker
New York, April 3, 2024–(BUSINESS WIRE)–CalciEx LLC (“Calci”), the first federally regulated exchange dedicated to trading event results, today announced that it will become the first dedicated institutional market in its ecosystem. Marker Susquehanna Government Products LLLP announced. Susquehanna International Group of Companies (“SIG”).
“SIG is excited to support the evolution of event contracts by providing liquidity to Calsi's class-defining ecosystem,” said Dave Pollard, head of strategic planning at SIG. “Kalsi is uniquely positioned to take this next-generation asset class to the next stage, and we are excited to be part of this early stage of this journey that will provide investors with greater choice and opportunity.”
Kalsi's relationship with SIG marks the debut of an institutional market maker on the exchange and represents a notable achievement for Kalsi and prediction markets in general. Additionally, this marks the first time a leading market maker has partnered with an exchange dedicated to trading event contracts.
“Historically, prediction markets have faced two major hurdles: regulation and liquidity. Karsi’s regulatory approval makes it possible to establish event trading as a legitimate asset class. Today, Calci and SIG are unlocking another significant milestone with the first debut of institutional liquidity into prediction markets. “This changes everything,'' said Calci co-founder and CEO. Tarek Mansour said. “We are very excited to be working with an industry-leading liquidity provider who shares our vision of bringing event contracting to the mainstream.”
About Susquehanna Government Products, LLLP
Susquehanna Government Products LLLP is a member of Susquehanna International Group of Companies (SIG) and one of the trading and investment-related entities within SIG. SIG is one of the world's largest privately held financial services companies. Founded in 1987, SIG has more than 2,900 employees worldwide and offices throughout North America, in Dublin, Ireland, Sydney, Australia, Tokyo, Japan, and Shanghai, China.
About Karshi
Founded by Tarek Mansour and Luana López Lara, Karsi is the first CFTC-regulated exchange to directly trade the results of future events. The exchange allows investors to buy “yes” or “no” positions on whether an event will or will not happen through an asset class called event contracts. Kalsi's vision is to empower people to use their voice and avoid everyday risks. The company is backed by a number of Silicon Valley and Wall Street-based investors, including Sequoia Capital, Charles Schwab, Henry Kravis, Neo, Y Combinator, and SV Angel.
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contact address
Samantha Schwab
sschwab@kalshi.com
