Wematch adds equity repo to Data & Contribution Service
31 October 2024 US
Image: WrightStudio/stock.adobe.com
Wematch.live has added equity repo to its Data & Contribution Service to include weekly auction sessions.
This is now available for both euro and USD cash, with plans to add pound sterling cash soon.
“Our goal is to bring increased standardisation and transparency to equity repos by offering reliable weekly benchmarks that enhance visibility and executable pricing from a risk perspective,” says Wematch.
The firm launched its Data & Contribution Service in January to tackle data challenges in the OTC derivatives market.
The service was initially designed to allow institutions to collaboratively contribute data to create a pool of total return swap (TRS) pricing information.
“Just as we’ve done with TRS, we’re building a robust foundation that helps our community confidently meet regulatory and market standards,” the firm adds. “We’ll soon launch an extension on collateral trading, where we’re seeing significant interest from our community.”
This is now available for both euro and USD cash, with plans to add pound sterling cash soon.
“Our goal is to bring increased standardisation and transparency to equity repos by offering reliable weekly benchmarks that enhance visibility and executable pricing from a risk perspective,” says Wematch.
The firm launched its Data & Contribution Service in January to tackle data challenges in the OTC derivatives market.
The service was initially designed to allow institutions to collaboratively contribute data to create a pool of total return swap (TRS) pricing information.
“Just as we’ve done with TRS, we’re building a robust foundation that helps our community confidently meet regulatory and market standards,” the firm adds. “We’ll soon launch an extension on collateral trading, where we’re seeing significant interest from our community.”
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