Wematch.live hits US$400 billion in ongoing notional volume
Latest news
Wematch.live hits US$400 billion in ongoing notional volume 01 July 2024UK Reporter: Daniel Tison
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 “best combination of liquidity”.
Commenting on the milestone, David Raccat, co-founder and chief revenue officer at Wematch.live, says: “Reaching US$400bn is a watershed moment for Wematch. It’s a resounding validation of our vision to reimagine securities finance for the digital era.”
Joseph Seroussi, co-founder and CEO of Wematch.live, adds: “The speed at which we’ve grown from US$300bn to US$400bn is a testament to the increasing demand for our solutions.
“As we celebrate this success, we remain focused on pushing the boundaries of what’s possible in securities finance, constantly evolving our platform to meet the future needs of the industry.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Guru/stock.adobe.com 