Exclusive: wematch.live and Pirum launch integrated solution
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Exclusive: wematch.live and Pirum launch integrated solution 11 June 2019London Reporter: Maddie Saghir
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wematch.live and Pirum have implemented connectivity between the platforms and now offer an integrated solution to their mutual clients.
According to Pirum, the 53 financial institutions currently using the Wematch.SecuritiesFinancing platform can now benefit from automated post-trade services if they are also a consumer of Pirum's services.
Market participants can now seamlessly agree trades on wematch.live and employ Pirum to manage the full post-trade lifecycle.
Phil Morgan, COO of Pirum, commented: "The partnership with wematch.live is an important milestone for Pirum's evolving market connectivity hub.”
“Our clients are increasingly requesting that we work collaboratively with other market venues and service providers, to create straight-through processing and interoperable solutions and this is another concrete example of progress on this front.”
David Raccat, co-founder and head of Europe, the Middle East and Africa, commented: "It is a very important milestone for our securities lending product offering and this collaboration with Pirum clearly improves the efficiency and automation of our product.”
He added: “Pirum has developed a very powerful and recognised solution, we are very happy to have completed this integration and we invite all our clients to benefit from it."
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