Last week we hosted an insightful webinar focussed on transforming the securities lending landscape. Our expert speakers, including David Raccat (Co-Founder & CRO), Elie Slama (Co-Founder & CTO), and Grant Davies (Head of Equity Sales), shared valuable insights on how Wematch is addressing common pain points and driving efficiency in securities lending operations.

Wematch’s Global Reach and Collaborative Approach

Wematch. live, with a strong presence in London, New York, Paris, Tel Aviv and Hong Kong, has established itself as a global leader in the securities financing space. Backed by strategic investors such as J.P. Morgan, Deutsche Boerse, Societe Generale, and Barclays, Wematch processed an impressive $2 trillion in transactions in FY2023 alone. Our company’s success can be attributed to its collaborative approach, working closely with our clients to deliver tailored solutions that drive market efficiencies.

Addressing Pain Points in Securities Lending

The Wematch SBL platform is a global regulated securities lending solution that caters to multiple asset classes, including equities, fixed income, ETFs, and upgrades/downgrades. By offering specific workflows for each asset class and a single platform to manage inefficiencies across securities lending (SBL) and total return swaps (TRS), we simplify the process for market participants.

SM@RT Matching: The Game-Changer

One of the key highlights of the webinar was the introduction of our proprietary “SM@RT Matching” optimiser. This innovative technology allows both lenders and borrowers to define their own rules and constraints, such as risk bucket weighting, collateral schedules, and counterparty ranking preferences. By leveraging direct connectivity with participants and ingesting real-time data, the SM@RT Matching engine provides the best combination of trades based on the inputted constraints, maximising efficiency for all parties involved.

Seamless Integration through APIs

We emphasise the ease of connectivity through our REST API, which is JSON-based and IP-whitelisted for security. The API allows our clients to input interests, access live market data and depth, and streamline the booking process. With direct connectivity to main post-trade vendors for auto-booking, tailored booking templates, and connectivity with clearing/CCP providers, we offer a seamless end-to-end solution. Our high-quality technical support from the Development Team ensures quick time-to-market and low CapEx requirements for our clients.

Scalability and Continuous Improvement

The Wematch platform has been revamped to accommodate the growing demands of the securities lending market. With a cloud-based serverless architecture, our platform can seamlessly scale to handle over 10 million simultaneous interests in live data and process up to 6,000 trades per minute. We can now ingest a 250k availability list in just a few seconds, demonstrating our platform’s exceptional performance.

Looking ahead, we have an exciting roadmap of upcoming features, including the full release of SM@RT matching for GC, an ETF workflow, corporate bonds and fixed income lending, SM@RT analytics and feedback, TRS and SBL connectivity, and bTRFs in cooperation with Eurex. We are also continuously improving our SM@RT matching module to deliver even greater value to our clients.

The Wematch SBL Steering Product Committee: Shaping the Future Together

To ensure our platform aligns with our clients’ evolving needs, we have introduced the Wematch SBL Steering Product Committee. This committee allows client representatives to actively participate in shaping the platform’s roadmap, provide feedback, define priorities, discuss liquidity allocation, monitor releases, and share ideas. By working hand-in-hand with our clients, we can drive the future of securities lending together.

We hope our webinar provided a comprehensive overview of how we are transforming the securities lending industry. Through smart matching, seamless API integration, and a client-centric approach, we empower market participants to overcome inefficiencies and drive better results. As our platform continues to evolve with new features and enhancements, we are well-positioned to shape the future of securities lending.

To learn more about Wematch and how our solutions can transform your securities lending operations, visit wematch.live or get in touch.

Photo by Sebastian Yepes on Unsplash

The views and opinions expressed are for informational and educational purposes only as of the time of the writing/production and may change at any time. The material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.