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Dealing workflows. Digitized.
Wematch aims to automate processes and provide traders with the necessary support to scale their businesses effectively. We are thrilled about the prospects of our growing community and the opportunity to develop new products that address their evolving needs and aspirations.
Considering the future market volatility in the Securities Lending market, what steps is Wematch taking to cater to this challenge? Over the past 12 months, Wematch has been working closely with our customers, particularly during challenging market conditions. We are proud to report a closeto-zero churn rate, indicating that we have served our customers exceptionally well. Our trading volumes have reached all-time highs, and our technology has consistently proven its ability to deliver in demanding market conditions. Looking ahead, we envision a future driven by increased automation and service enhancements throughout the trade lifecycle and workflow events. By positioning ourselves at the centre of our client’s day-to-day activities, we can offer even greater support. The more our customers use Wematch, the more they discover its value, as they share their pain points and help us refine and develop the platform further. Our collaborative model ensures that solutions or functionalities we develop for one client are made available to everyone, fostering an environment of shared innovation. This approach allows us to adapt swiftly to regulatory changes, such as T+1 settlement and market conditions characterised by varying levels of volatility. Additionally, we are actively working on a blockchain settlement solution, which will introduce future technology to the industry. By supporting our growing community and adapting to market conditions, we aim to drive the future of the Securities Lending market.
Joseph Seroussi, the CEO and Co-founder at Wematch.live, is a seasoned professional in the financial industry. With a strong passion for trading and technology, he co-launched Wematch.live in 2016 to address key challenges faced by financial institutions. Based in New York, Joseph has a distinguished background in equity derivatives, having held various roles at Aurel-Leven (now BGC), Link, Cube Financial, REFCO, GFI, and Spring Hill.
Ed Hochstadter Jr., the Head of SecuritiesBased Lending Sales and Coverage for North America at Wematch. live has over 25 years of experience at toptier financial firms, including J.P. Morgan and Bear Stearns: he brings extensive expertise in securities lending, collateral management, and balance sheet optimisation. Based in New York, he’s driving the development of US securities lending coverage, onboard new business partners, and spearhead product development at Wematch.live.