Wematch adds second component to optimiser for TRS trades
11 May 2020 London
Image: SWKStock/Shutterstock.com
Wematch, the global multi-asset-class, web-based matching and negotiation platform, has imbued its trade optimiser with a second component covering total return swaps (TRS) naturals trades.
In March, Wematch launched a new module in its securities financing platform which introduces a lifecycle management toolkit for TRSs in Europe, the Middle East, Africa (EMEA), and in the US.
This allows users to import TRS trades into the platform to run a series of lifecycle and collateral optimisation actions with a “low-touch approach,” Wematch says.
The new feature will further allow users to switch from financing to naturals along with a new set of optimisation rules which apply to this stream of activity.
The rules on financing also have been as well “enriched with an additional set of controls making the substitution process even more robust and efficient,” Wematch adds.
The additional feature for naturals will be available to all users who have subscribed to the optimiser offer and will be rolled out in the US when the platform goes live in July.
“Adding naturals to the scope of the optimiser makes our product complete, extremely powerful, efficient, and unique in the industry,” explains David Raccat, co-founder and EMEA head of Wematch.
Raccat adds: “We will keep on adding new features and rules in the coming weeks, and the optimiser will soon enable our users to manage any type of action, from building baskets on new trades/rolls to triggering smart matching based on predefined rules.
“We are continuing our journey to work on making the trader’s life easier, less risky, and allowing her/him to focus on added value tasks.”
Wematch’s broader offering, which includes a matching protocol for exchange-traded funds, and a euro interest rate swaps tool. The platform also hosts a first-of-its-kind electronic EUREX/LCH basis swap trade.
In March, Wematch launched a new module in its securities financing platform which introduces a lifecycle management toolkit for TRSs in Europe, the Middle East, Africa (EMEA), and in the US.
This allows users to import TRS trades into the platform to run a series of lifecycle and collateral optimisation actions with a “low-touch approach,” Wematch says.
The new feature will further allow users to switch from financing to naturals along with a new set of optimisation rules which apply to this stream of activity.
The rules on financing also have been as well “enriched with an additional set of controls making the substitution process even more robust and efficient,” Wematch adds.
The additional feature for naturals will be available to all users who have subscribed to the optimiser offer and will be rolled out in the US when the platform goes live in July.
“Adding naturals to the scope of the optimiser makes our product complete, extremely powerful, efficient, and unique in the industry,” explains David Raccat, co-founder and EMEA head of Wematch.
Raccat adds: “We will keep on adding new features and rules in the coming weeks, and the optimiser will soon enable our users to manage any type of action, from building baskets on new trades/rolls to triggering smart matching based on predefined rules.
“We are continuing our journey to work on making the trader’s life easier, less risky, and allowing her/him to focus on added value tasks.”
Wematch’s broader offering, which includes a matching protocol for exchange-traded funds, and a euro interest rate swaps tool. The platform also hosts a first-of-its-kind electronic EUREX/LCH basis swap trade.
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