wematch.securitiesfinancing, the global multi-product and multi-asset-class, web-based securities financing dealing platform and Pirum Systems, real-time STP services to the securities finance industry company, just announced their collaboration.
This will enable clients to leverage wematch.securitiesfinancing expertise in electronic trading, combined with Pirum Systems’ seamless connectivity to automate the post-trade lifecycle.
Clients will be able to execute trades on wematch.securitiesfinancing and manage their post-trade on Pirum, including STP trade booking and down-stream connectivity to infrastructure providers such as tri-party agents and CCPs, as well as comply with transaction reporting obligations (via Pirum’s existing partnership with IHS Markit).
Ben Challice, Chief Operations Officer at Pirum said:
The collaboration with wematch.securitiesfinancing is a natural extension for our automated connectivity hub. Their platform is first class and the technology supporting it is very impressive. We look forward to allowing mutual clients seamless integration and helping clients automate a new route to market.
David Raccat, Founder & CEO at wematch.securitiesfinancing added:
The collaboration with Pirum is a key milestone in our permanent objective to offer a seamless and efficient solution to our clients. Pirum is a reference for post-trade services and we are convinced this joint service offering will bring a lot of value on the integration chain.