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: “There 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.
“We are soon to release a “client optimiser” 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.”
Wematch went live in the US in October 2020, which has also driven a significant portion of the company’s growth.
Following the launch of Wematch’s 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’ 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.
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