Securities finance platform Wematch.live, announced it hit $150 billion in ongoing notional on February 9 and reported an average daily matched volume (ADMV) of $5.8 billion in January. Wematch digitizes workflows and helps financial institutions with automation, cost, API integration, productivity, compliance, and conduct risks. Its workflow solutions aimed at the securities financing markets includes securities lending, Total Return Swaps, repos, and Sales to Trader among other modules.
“We are thrilled to reach this significant milestone, which is a testament to our commitment to providing the best possible securities finance marketplace to our clients,” said David Raccat, co-founder and head of Securities Financing at Wematch.live, in a statement. “We are proud of the growth and success we have achieved, and we are dedicated to continuing to provide cutting-edge solutions to the securities finance industry.”