In yet another example of Silicon Valley and Wall Street colliding, on April 2, 2013, Zanbato Inc., a Silicon Valley technology company, announced the world's first on-line investment platform for infrastructure, energy, and natural resources. Following regulatory approval by the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Sutter Securities Incorporated, a San Francisco based investment-banking firm, is planning an April 24, 2013, launch of the Zanbato platform as an Alternative Trading System ("ATS"). The new venture will be known as the "The Zanbato Sutter ATS".
In seeking to match buyers and sellers in large transactions that have historically proven difficult to execute on the traditional exchanges, the Zanbato Sutter ATS hopes to facilitate the sharing of investment opportunities between, on the one hand, governmental agencies, corporations and financial advisors, and, on the other hand, a network of qualified institutional investors.
"In its 20 years of operation, Sutter Securities has seen major changes in the global financial landscape, driven in large part by innovation in financial technology. Infrastructure finance is one of the few remaining asset classes that have not yet fully embraced modern internet technology. This is why we are excited to partner with Zanbato," said Bob Muh, CEO of Sutter Securities.
"By creating a transparent and efficient clearing system for infrastructure securities, the Zanbato Sutter ATS is going to play a critical role in ensuring that developed and emerging markets alike can deliver high-quality, low-cost infrastructure services to their populations," said Joe Lonsdale, Co-Chairman of Zanbato and Partner at Formation8.