RULEMATCH Spot On

Rewiring capital markets - Omer Suleman (Haruko)


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When crypto and digital assets start to spread across capital markets, some things have to change. Others do not... For banks, hedge funds, asset managers and others, some fundamentals hold true, regardless of whether capital markets move wholly or partially on-chain.


To serve them - and change the industry in the process - Omer Suleman's Haruko brings a full suite of portfolio and risk management tooling. Long years of experience at household names like Goldman Sachs, Deutsche Bank and Citi have given him and his cofounders a view of what is needed.


As he explains on RULEMATCH Spot On with Ian Simpson, that is just one piece of the puzzle.


Show notes:

1:26 - Intro
2:17 - Institutions are "becoming"
5:08 - The systems of Goldman Sachs and Deutsche Bank
6:06 - Building Haruko because...
7:31 - The backstory of Haruko
10:07 - Hedge funds with the same "itch"
12:55 - Haruko as a tech stack
14:17 - Large prop shops in London
16:02 - Changing company structures among TradFi firms in crypto
18:02 - Haruko and tier-1 banks
21:39 - The special thing about crypto that banks must understand
23:47 - How banks are looking forward...
25:26 - The interesting thing about different tokenized equities
27:06 - What do banks prefer?
29:32 - The different risks that banks are evaluating
32:30 - Coming to terms with risk in crypto
35:09 - How hidden risks came to light with FTX
37:32 - The balancing act of separating market making from trade execution
39:15 - Why retail clients don't do risk management
40:48 - Good old days in FX markets
43:45 - The part of crypto that is not like FX
45:42 - Building on Haruko's superpowers
46:50 - OTC trading in crypto markets
51:09 - Evaluating the different flavors of RFQ trading
54:45 - The need for multi-dealer setups
56:22 - How crypto veterans will change the game

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Disclaimer:The information contained in this podcast about RULEMATCH AG (“RULEMATCH”) and any guest company is for general informational purposes only and should not be considered exhaustive. They do not imply any elements of a contractual relationship nor any offering.

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RULEMATCH Spot OnBy RULEMATCH