Wematch unveils a new component in its securities financing platform
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Wematch unveils a new component in its securities financing platform 05 March 2020London Reporter: Natalie Turner
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Wematch launches a new module in its securities financing platform which introduces a lifecycle management toolkit for Total Return Swaps (TRS) in EMEA and in the US.
Wematch is a global multi-asset-class, web-based matching and negotiation platform that aims to provide software-as-a-service technology to transform how traders match, negotiate and manage trades.
The new feature will allow users to import TRS trades into the platform and to run a series of lifecycle/collateral optimisation actions with a low-touch approach.
The users will be able to define a set of rules, import their short and long positions, and the platform will automatically process optimisations on the back of those rules and basket constraints. These features will also be available in the US as of Q2 2020.
Wematch is currently onboarding dealers in the US, by leveraging the 35 dealers already using the solution in EMEA in order to come up with a global solution on TRS equities.
Wematch鈥檚 broader offering, which includes a matching protocol for launched in January and a euro , Wematch also hosted a first-of-its-kind electronic last month.
鈥淭his new module completes our Wematch TRS offer and gives a one-stop-shop to the 35 dealers already using the solution in EMEA said David Raccat, co-founder and EMEA head.
He adds 鈥淭his solution upgrades the workflow of desk trading TRS by allowing traders to save precious time and to significantly reduce operational risks.鈥�
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