Wematch goes live in Asia 09 November 2017 Hong Kong Reporter: Drew Nicol
Image: Shutterstock
Wematch.网爆吃瓜Financing has expanded into Asia and completed its first trade with Hong Kong users involving Japanese equities.
The trade, which involved Bank of America Merrill Lynch and an undisclosed counterparty, was a total return swap and completed on the platform鈥檚 first day of trading in the new region.
The digital broker has gone from strength to strength since it first launched in February, with the inclusion of its first two lenders last month.
Wematch initially launched with a focus on total return swaps and European equities, before moving into securities lending and repo services went live on 18 September, along with an expanded the list of available asset classes.
David Raccat, CEO of Wematch, said: "We are very eager in supporting our clients' needs in Asia and quite impressed with the immediate traction in this exciting region.鈥�
鈥淥ur credentials keep on increasing, as we have broken the threshold of 1,000 interests in the platform on 9 November.鈥�
鈥淲e are still working on multiple initiatives to cope with the specificities of the securities financing industry and with the permanent objective to increase liquidity and transparency."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to 网爆吃瓜 Finance Times
Image: Shutterstock 