Wematch has gone live in North America with a TRS cash flow management product, offering automated cash flow reconciliation and trade capture to support clients managing complex TRS trade flows end-to-end.
Since launch, the company has observed a 75% increase in onboarded clients and notional balances of US$173 billion, it reported.
The service is fully operational across all regions, markets and currencies globally, Wematch affirmed. Following client partnership input, regional product variations are available to ensure that specific market needs are met, it added.
On the launch, Edward Hochstadter Jr, CEO of Wematch, commented: “This is a testament to our collaborative approach with clients and our commitment to innovation. We understand the complexities of TRS and securities lending, and our product is designed to empower clients to manage these processes seamlessly, across borders, with the confidence that their trades are reconciled in real-time.”
The ongoing addition of new features will support Wematch in its goal to become the golden source for TRS cash flow break resolution, it said.
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