WeMatch TRS goes live in the US with J.P. Morgan and Societe Generale

WeMatch has officially launched its US Total Return Swap (TRS) solution on Oct 6, 2020.

This new platform allows Dealers in the US to match, negotiate, import, and manage lifecycle and post-trade events on Total Return Swaps on US Equities.

Leveraging on the growing success of its offer in EMEA, WeMatch has launched activity in the US with multiple Tier-1 Dealers, including Societe Generale and J.P. Morgan, and is currently working on a pipeline of 14 other Dealers to join over the coming months.

Joseph Seroussi, co-CEO at WeMatch, said “Thanks to the help and input from our first batch of users, our technology has been adapted to the specificities of the US market, where automation is greatly needed to improve heavy manuals workflows. Our plug and play solution offers a lot of flexibility, instantly reducing operating risks and costs.“

In EMEA, the Securities Financing platform has already matched over 500bn$ of interests and currently manages average balances in excess of 35bn$.

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