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Wematch.live has partnered with Eurex on basket total return futures (BTRF).
The partnership will allow interoperability between Wematch’s TRS module, which automates trade matching and collateral optimisation, and Eurex’s BTRF products.
The collaboration aims to streamline clearing and settlement, as well as increase efficiency and capital optimisation.
It will be rolled out in strategic phases over the coming months, with the full integration across pricing, execution and lifecycle management targeted for a Q3 2024 launch.
David Raccat, co-founder of Wematch.live,says: “Partnering with Eurex creates immense opportunities to optimise an increasingly critical area of the securities finance ecosystem.
“Synthetic products are vital for efficient capital deployment and portfolio utilisation, and BTRFs represent a paradigm-shifting innovation layering exchange benefits onto this model.”
Randolf Roth, member of the executive board at Eurex, adds: “By harmonising our respective strengths in synthetic product innovation and TRS lifecycle management expertise, we can radically enhance and optimise the entire value chain for BTRF users worldwide.”
