“The combination of Eka and Quor is a material step forward for the CTRM industry, providing a broad software suite that addresses a spectrum of customer needs across asset classes globally,” the company said in a statement.
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Eka Founder and CEO, Manav Garg, will continue as a board advisor of the combined entity, it added.
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“The merger could not happen at a more opportune time – we have seen increased volatility across asset classes, greater desire of customers to hedge their risk, and substantial supply chain disruption; all of which leaves the market yearning for solutions from Eka and Quor,” Garg said.