Investments

Echobay invests in early stage businesses along the Exchange Industry Vertical. Its portfolio focuses on Technology Startups, Analytics Firms, Brokers, and emerging market exchanges. Additionally, the firm has invested in publicly traded companies it believes stand out from industry peers. This is often done in “pairs trades.”

Technology:

FMX Connect, LLC

FMX Connect is a Commodity Portal for professional brokers, traders and retail investors. The site combines: data, news, analytics, government reports, and independent third party research on a single web-based screen.
www.fmxconnect.com

Kormox

Kormox is a start-up data systems and security specialist. Founded by Marcelo Birnbach and Pablo Osinaga, Kormox aims to enable unprecedented visibility and control over unstructured data in the financial community.
www.kormox.com

Trading and Research:

Cameron Hanover Research, LLC

Cameron Hanover is the premier independent research firm in the management of Energy price risk. Started in 1993 by Peter Beutel, a 25 year veteran of the Energy markets, the firm publishes research and consults in the industry space. Analysts cover the Crude, Heating Oil, Gasoline, Natural Gas and other Energy markets.
www.cameronhanover.com

CiS Options, LLC

CiS is a research and trading firm operating in the commodity derivative market space. From 2005 to 2007 it served as GP to CiS Energy LP, a successful arbitrage fund. Started by Vincent Lanci as an options market-making firm in 2004, the firm currently manages CiS Partners Precious Metals, LP.
www.cisoptions.com

Exchange Seats:

Echobay, through a partnership, has purchased a seat on MATba with the intention of developing a broker-dealer business for commodities on that exchange. MATba is located in Buenos Aires, Argentina.

Stock Positions:

Long-Short Pairs

From time to time Echobay executes long-short positions in the equity markets involving exchanges, brokers, or other firms it feels will benefit from changes in the markets. Often time the opportunity arises from technological or regulatory advantages a company’s business model embraces. Sometimes the opportunity represents itself as a reflection of a franchise’s protective moat around its listed products.