London & Luxembourg, September 13, 2022 — HQLAᵡ, the distributed ledger for securities finance and repo, and Wematch, the fintech company offering web based tools and solutions to enhance the dealing process, today announce a collaboration to enhance the mobility of collateral assets in securities finance transactions.
The firms have entered into a collaboration agreement to pave the way for any of the 90 legal entities and 900 traders already onboarded on Wematch who are also HQLAᵡ clients to be able to input securities lending indications of interest on the Wematch trade execution platform, with post-trade settlement confirmed by the HQLAᵡ ownership transfer platform. This collaborative service offering is currently in design phase for expected roll-out in Q1 2023.
HQLAᵡ enables market participants to transfer ownership of securities across disparate collateral pools at precise moments in time by using distributed ledger technology (DLT). This allows clients to optimize their liquidity management and collateral management activities, thereby generating operational efficiency gains and capital cost savings.
Wematch’s award-winning solutions bring the latest technology to traditionally voice-traded markets by optimizing the matching of interests on financing structures (TRS, Repos/SLBs), equity derivatives, and interest rates.
David Raccat, co-founder and head of EMEA at Wematch, said, “The unlocking of collateral mobility is the direction of travel of the Securities Finance industry and the contribution of HQLAᵡ through the Delivery vs Delivery model will highly contribute to accelerate this trend. The partnership with HQLAᵡ matches our strong focus on operational risk and frictionless workflows and we are convinced our common clients will benefit from this enhanced connectivity.”
Guido Stroemer, co-founder and CEO of HQLAᵡ, said,
HQLAᵡ is a financial technology innovation firm that specialises in delivering liquidity management and collateral management solutions for institutional clients in the global securities lending and repo markets. www.hqla-x.com
Wematch is bringing innovation to the dealing process across the globe by tackling some of today’s financial institutions’ challenges: automation, cost savings, integration, best execution, productivity, compliance, and conduct risks. With a presence in London, New York, Paris, Tel-Aviv, and Singapore, our award-winning solutions bring the latest technology to traditionally voice-traded markets by optimizing the matching of interests on financing structures (TRS, Repos/SLBs), equity derivatives, and interest rates. With Wematch, you benefit from reduced expenses attached to trading flow, exceptional tracking, audit & compliance tools, and workflows, resulting in utmost confidence and control throughout the negotiation process. Learn more at wematch.live