Wematch.live hits US$400 billion in ongoing notional volume
01 July 2024 UK
Image: Guru/stock.adobe.com
Wematch.live, a global regulated securities finance platform, has crossed the US$400 billion threshold in ongoing notional volume.
Having reached US$300 billion at the end of February, the company has added US$100 billion in four months.
This achievement coincides with the recent launch of SM@RT Matching, a new optimiser set which allows both lenders and borrowers to define their own rules and constraints on the platform, using real-time data to provide the 鈥渂est combination of liquidity鈥�.
Commenting on the milestone, David Raccat, co-founder and chief revenue officer at Wematch.live, says: 鈥淩eaching US$400bn is a watershed moment for Wematch. It鈥檚 a resounding validation of our vision to reimagine securities finance for the digital era.鈥�
Joseph Seroussi, co-founder and CEO of Wematch.live, adds: 鈥淭he speed at which we鈥檝e grown from US$300bn to US$400bn is a testament to the increasing demand for our solutions.
鈥淎s we celebrate this success, we remain focused on pushing the boundaries of what鈥檚 possible in securities finance, constantly evolving our platform to meet the future needs of the industry.鈥�
Having reached US$300 billion at the end of February, the company has added US$100 billion in four months.
This achievement coincides with the recent launch of SM@RT Matching, a new optimiser set which allows both lenders and borrowers to define their own rules and constraints on the platform, using real-time data to provide the 鈥渂est combination of liquidity鈥�.
Commenting on the milestone, David Raccat, co-founder and chief revenue officer at Wematch.live, says: 鈥淩eaching US$400bn is a watershed moment for Wematch. It鈥檚 a resounding validation of our vision to reimagine securities finance for the digital era.鈥�
Joseph Seroussi, co-founder and CEO of Wematch.live, adds: 鈥淭he speed at which we鈥檝e grown from US$300bn to US$400bn is a testament to the increasing demand for our solutions.
鈥淎s we celebrate this success, we remain focused on pushing the boundaries of what鈥檚 possible in securities finance, constantly evolving our platform to meet the future needs of the industry.鈥�
← Previous industry article
Global securities lending revenue faces 16% YoY decline for Q2, reports DataLend
Global securities lending revenue faces 16% YoY decline for Q2, reports DataLend
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
