Wematch adds second component to optimiser for TRS trades
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Wematch adds second component to optimiser for TRS trades 11 May 2020London Reporter: Natalie Turner
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Wematch, the global multi-asset-class, web-based matching and negotiation platform, has imbued its trade optimiser with a second component covering total return swaps (TRS) naturals trades.
In March, Wematch launched in its securities financing platform which introduces a lifecycle management toolkit for TRSs in Europe, the Middle East, Africa (EMEA), and in the US.
This allows users to import TRS trades into the platform to run a series of lifecycle and collateral optimisation actions with a 鈥渓ow-touch approach,鈥� Wematch says.
The new feature will further allow users to switch from financing to naturals along with a new set of optimisation rules which apply to this stream of activity.
The rules on financing also have been as well 鈥渆nriched with an additional set of controls making the substitution process even more robust and efficient,鈥� Wematch adds.
The additional feature for naturals will be available to all users who have subscribed to the optimiser offer and will be rolled out in the US when the platform goes live in July.
鈥淎dding naturals to the scope of the optimiser makes our product complete, extremely powerful, efficient, and unique in the industry,鈥� explains David Raccat, co-founder and EMEA head of Wematch.
Raccat adds: 鈥淲e will keep on adding new features and rules in the coming weeks, and the optimiser will soon enable our users to manage any type of action, from building baskets on new trades/rolls to triggering smart matching based on predefined rules.
鈥淲e are continuing our journey to work on making the trader鈥檚 life easier, less risky, and allowing her/him to focus on added value tasks.鈥�
Wematch鈥檚 broader offering, which includes a matching protocol for , and a euro . The platform also hosts a first-of-its-kind electronic .
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