Wematch smashes trading record
29 January 2018 London
Image: Shutterstock
Wematch.SecuritiesFinancing achieved a record-breaking trading week with more than $1 billion worth of trades confirmed by the close of play last 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 Wematch CEO David Raccat.
The digital broker now boasts 32 onboarded legal entities and close to 150 users.
Wematch receives 2,500 daily interests for a notional of $40 billion to $45 billion.
Interest was split evenly between securities financing transactions and total return swaps.
Commenting on the record-breaking figures, Raccat, said: "We are very happy to see the momentum and the regular increase of users and communities joining the platform.”
“Liquidity is picking up on all aspects, and the multi-product approach gives to our clients an exhaustive view of their market's dynamics, which is greatly appreciated."
The platform first launched in September 2017 and has expanded its scope to include new trades, including securities lending, and collateral types.
More recently, Wematch expanded into Asia and completed its first trade with Hong Kong users involving Japanese equities in November last year.
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 Wematch CEO David Raccat.
The digital broker now boasts 32 onboarded legal entities and close to 150 users.
Wematch receives 2,500 daily interests for a notional of $40 billion to $45 billion.
Interest was split evenly between securities financing transactions and total return swaps.
Commenting on the record-breaking figures, Raccat, said: "We are very happy to see the momentum and the regular increase of users and communities joining the platform.”
“Liquidity is picking up on all aspects, and the multi-product approach gives to our clients an exhaustive view of their market's dynamics, which is greatly appreciated."
The platform first launched in September 2017 and has expanded its scope to include new trades, including securities lending, and collateral types.
More recently, Wematch expanded into Asia and completed its first trade with Hong Kong users involving Japanese equities in November last year.
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