Wematch.live, a leading financial technology company, has received the prestigious Securities Finance Times Industry Excellence Award for “Innovation of the Year” for the second consecutive year. The awards, judged by independent industry professionals, recognize exceptional talent and dedication within the financial services market.

The award ceremony, held at Plaisterers’ Hall in London last night, celebrated the outstanding achievements of firms, individuals, and departments in the securities finance sector.

David Raccat, Global Head of Securities Finance and co-founder of Wematch.live, expressed his excitement about the award. He said, “We are thrilled to receive the Securities Finance Times Industry Excellence Award for the second year in a row in the ‘Innovation of the Year’ category. This recognition reflects our commitment to driving positive change and delivering innovative solutions to the market.”

Wematch.live’s winning innovation is its Synthetic ETFs module, a groundbreaking product that addresses the complex collateral management requirements faced by banks when hedging Synthetic Exchange-Traded Fund (ETF) positions using Total Return Swaps (TRS). Traditional manual processes involving spreadsheets and outdated systems are time-consuming, prone to errors, and increase costs and risks for banks and clients.

The Wematch.live Synthetic ETFs module greatly improves collateral management for TRS-hedged Synthetic ETFs. It provides a unified platform that consolidates collateral management and automates optimization processes. The module seamlessly incorporates the complex rules and regulatory factors that Synthetic ETFs must adhere to, including concentration limits (such as UCITs rules), investment guidelines, and ESG constraints.

Key features of the Synthetic ETFs module include consolidated collateral management, customizable processes for automated collateral schedules, dynamic management based on real-time information, bulk management for simultaneous communication of multiple proposals, and seamless API connectivity.

The module simplifies the collateral optimization process, reducing the time taken for dealers to complete the workflow from around 4 hours to just 15 minutes. It ensures collateral optimization in line with client requirements and regulatory compliance, reduces operational risks, increases efficiency, agility, and accuracy, and delivers cost savings across collateral, balance sheet, and capital costs.

Wematch.live’s Synthetic ETFs module is delivered as a web-based SaaS technology that connects to the TRS ecosystem through live APIs. This user-friendly and accessible solution enables financial institutions to enhance performance, optimize collateral, and achieve significant operational efficiencies.

As a two-time recipient of the Securities Finance Times Industry Excellence Award for “Innovation of the Year,” Wematch.live continues to lead the way in transforming collateral management and driving industry-wide change.