Wematch reaches $100bn in ongoing notional balance
23 July 2021 UK
Image: Fre虂de虂ric_Prochasson/stock.adobe.com
Wematch has announced a new record with $100 billion ongoing notional balance on its securities finance platform.
The multi-asset web-based platform was created in 2017 and has since had consistent growth in its ongoing notional balances.
Shane Martin, head of sales for securities financing at Wematch, spoke to SFT earlier this month, revealing a $93 billion high in June, more than a 4-fold increase from $20 billion in July 2020.
Martin said to SFT: 鈥淭here are two main drivers of this extraordinary growth over the last 12 months. One is the evolution of our own business model from being just a matching platform to now offering a large choice of auxiliary products such as optimisation and lifecycle management.
鈥淲e are soon to release a 鈥渃lient optimiser鈥� module which will allow traders to manage their TRS balances efficiently with buy-side clients, taking into account all bespoke rules, including UCITs, ADVs and so on.鈥�
Wematch went live in the US in October 2020, which has also driven a significant portion of the company鈥檚 growth.
Following the launch of Wematch鈥檚 securities financing platform in February 2017, it introduced a delta 1 equity derivatives platform in October 2018 and an interest rates derivatives platform in June 2019.
The company also launched a total return swap (TRS) offer in the US in October 2020 with the aim to roll out a cross-asset product offering on a global scale.
It has recently launched a new initiative, Securities Lending 2.0, to support clients鈥� activities in securities lending markets.
Wematch helps clients to find liquidity, negotiate, trade, optimise and manage the lifecycle of their portfolios of assets and trade structures from TRS, secured funding and securities lending.
Now read: Securities 麻豆影视传媒 Times Issue 281
The multi-asset web-based platform was created in 2017 and has since had consistent growth in its ongoing notional balances.
Shane Martin, head of sales for securities financing at Wematch, spoke to SFT earlier this month, revealing a $93 billion high in June, more than a 4-fold increase from $20 billion in July 2020.
Martin said to SFT: 鈥淭here are two main drivers of this extraordinary growth over the last 12 months. One is the evolution of our own business model from being just a matching platform to now offering a large choice of auxiliary products such as optimisation and lifecycle management.
鈥淲e are soon to release a 鈥渃lient optimiser鈥� module which will allow traders to manage their TRS balances efficiently with buy-side clients, taking into account all bespoke rules, including UCITs, ADVs and so on.鈥�
Wematch went live in the US in October 2020, which has also driven a significant portion of the company鈥檚 growth.
Following the launch of Wematch鈥檚 securities financing platform in February 2017, it introduced a delta 1 equity derivatives platform in October 2018 and an interest rates derivatives platform in June 2019.
The company also launched a total return swap (TRS) offer in the US in October 2020 with the aim to roll out a cross-asset product offering on a global scale.
It has recently launched a new initiative, Securities Lending 2.0, to support clients鈥� activities in securities lending markets.
Wematch helps clients to find liquidity, negotiate, trade, optimise and manage the lifecycle of their portfolios of assets and trade structures from TRS, secured funding and securities lending.
Now read: Securities 麻豆影视传媒 Times Issue 281
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