Wematch hits record highs 08 OctoberLondon Reporter: Becky Butcher
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Wematch.SecuritiesFinancing has confirmed a record day on 8 October with 7,500 interests and $90 billion worth of liquidity in the platform.
Wematch is a web-based tool disrupting the dealing process of financial institutions by offering tailored matching and smart negotiation engines.
David Raccat, founder and CEO of Wematch, said: “We are very happy to see liquidity picking up in Wematch with the onboarding of new active lenders into the platform. The gathering of liquidity communities is proving successful and hopefully, we can continue to offer the service to additional clients and users.”
In January, Wematch achieved a record-breaking trading week.
The platform booked in the equivalent of a month’s worth of trades in a single week thanks to a series of successful onboardings and the fact that the platform caters for the regulatory requirements of the second Markets in Financial Instruments Directive, among others, according to Raccat.
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