EquiLend to release Swaptimization TRS platform in EU
20 July 2022 EU
Image: AdobeStock/IFDesigns
EquiLend will release its Swaptimization platform for clients in the European Union in the autumn.
The company is currently close to finalising regulatory approval from the Central Bank of Ireland to operate Swaptimization as an organised trading facility (OTF) that will allow EU financial institutions to trade on the platform.
The platform employs a proprietary matching algorithm to pair positions to support trading in bilateral security-based total return swaps (TRS). This facility has been operating since 2019 for the US swaps market.
Prior to its EU launch, EquiLend has supplemented the features offered on the Swaptimization platform to include credit approvals and hedging notifications to counterparties, along with smart allocations for GC funding baskets. This also now offers an improved audit trail across the trade lifecycle.
To boost its capability in this area, the securities finance trading, post-trade, data analytics and regtech company has appointed Matthew Zienau as swaps product specialist.
Based in London, Zienau will report to EquiLend’s head of Swaptimization and clearing services Matt Collins and head of trading for EMEA and APAC Rowena Brown.
Commenting on his appointment, Zienau says: “I am thrilled to be joining EquiLend at a pivotal moment for the swaps industry as the firm continues its strategy of bringing automation to the global swaps markets.
“The continued expansion of Swaptimization marks a new era for TRS, a market in critical need of operational efficiency, automated workflow and regulatory certainty.”
EquiLend CEO Brian Lamb says: “EquiLend has transformed the global securities finance industry through technological efficiencies and in building an extensive network of market participants over more than 20 years in fintech. We are excited to extend our solutions to the swaps community in Europe and to bring automation to the market in the region.”
The company is currently close to finalising regulatory approval from the Central Bank of Ireland to operate Swaptimization as an organised trading facility (OTF) that will allow EU financial institutions to trade on the platform.
The platform employs a proprietary matching algorithm to pair positions to support trading in bilateral security-based total return swaps (TRS). This facility has been operating since 2019 for the US swaps market.
Prior to its EU launch, EquiLend has supplemented the features offered on the Swaptimization platform to include credit approvals and hedging notifications to counterparties, along with smart allocations for GC funding baskets. This also now offers an improved audit trail across the trade lifecycle.
To boost its capability in this area, the securities finance trading, post-trade, data analytics and regtech company has appointed Matthew Zienau as swaps product specialist.
Based in London, Zienau will report to EquiLend’s head of Swaptimization and clearing services Matt Collins and head of trading for EMEA and APAC Rowena Brown.
Commenting on his appointment, Zienau says: “I am thrilled to be joining EquiLend at a pivotal moment for the swaps industry as the firm continues its strategy of bringing automation to the global swaps markets.
“The continued expansion of Swaptimization marks a new era for TRS, a market in critical need of operational efficiency, automated workflow and regulatory certainty.”
EquiLend CEO Brian Lamb says: “EquiLend has transformed the global securities finance industry through technological efficiencies and in building an extensive network of market participants over more than 20 years in fintech. We are excited to extend our solutions to the swaps community in Europe and to bring automation to the market in the region.”
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