With all the challenges the world faced in 2022, both economically and geopolitically, Wematch was able to continue to support its client base.

Throughout a very volatile trading year, the US platform maintained TRS notional balances just north of $21 billion. We closed strong in the final months of 2022 with the platform averaging over a total of $30 billion in natural interest lists loaded daily and over $1 billion in counterparty matching each day. Last December, we had a total of 58k Securities added via counterparty interest lists, a 50% increase in our 2022 running average!

As always we continued to work on the invaluable feedback provided by our users, releasing new developments into the platform. December saw the addition of our Counterparty Management section, enabling users to create and select their preferred trading entity when facing specific counterparties. We have also added a ‘Bilateral Adds’ section to the platform, improving usability and efficiency when managing your lifecycle actions.

This year, our mission is to continue onboarding new firms to provide our existing clients with even more liquidity and additional counterparty options to trade with. In 2022 we successfully onboarded 4 new financial institutions with 9 more on deck ready to join us this year.

Also this year, we will roll out the HTB SBL platform as a follow-up to its successful introduction in Europe in 2022. In the coming weeks, we will be adding increased functionality to our SSR process in our platform that will allow users to readily differentiate between their SSR risk and their counterpart’s risk as well as readying a release of a newly improved Optimizer product.

Finally, Wematch US is on target to become a Registered Broker-Dealer in the US in 2023. This designation will allow us to better service our clients even further.

We continue to see great things happening here at Wematch US and are excited about our future successes in 2023 and beyond.

To learn more, Contact us.