Wematch.live, a prominent financial technology company, has recently unveiled its latest innovation – the SM@RT Matching optimiser. This new platform has been specifically designed to address the common challenges encountered in securities lending operations and enhance efficiency within the industry.
The SM@RT Matching optimiser offers a distinctive feature that allows both lenders and borrowers to establish their own parameters and constraints within the platform. These parameters may include factors such as risk-weighted asset (RWA) weighting linked to Tax ID, collateral schedules, currencies, borrower ranking, and lender ranking. By empowering users to define their own rules, Wematch.live aims to deliver a more customised and effective matching process.
A notable highlight of this new engine is its capability to establish direct connectivity with lenders and borrowers, enabling them to access real-time availabilities and borrowing needs. This functionality allows the platform to recommend the best combination of trades based on the inputted constraints, ultimately simplifying the matching process.
David Raccat, the co-founder and chief revenue officer of Wematch, expressed his enthusiasm for the innovative technology in a statement regarding the launch, describing it as a “game-changer” for clients. He emphasised the platform’s ability to empower securities lending operations and facilitate optimal liquidity matches based on individual requirements.
Elie Slama, co-founder and chief technology officer of Wematch, also underscored the platform’s capabilities, stating that the SBL live platform had undergone a complete transformation in 2022, allowing it to accommodate general collateral flow and offer tailored workflows for underserved segments such as FRM, HTB, and corporate bonds. Slama further explained that the transition to a cloud-based serverless architecture has enabled the platform to dynamically adapt to market size, with the capability to handle over 10 million simultaneous interests in live data and process up to 6,000 trades per minute.
This latest development from Wematch.live signifies a significant advancement in the realm of securities lending operations, with the potential to revolutionise the way lenders and borrowers interact within the market. As the industry continues to evolve, the launch of the SM@RT Matching optimiser serves as a testament to the ongoing innovation and adaptation occurring within the financial technology sector.