Securities Finance Technology News | JP Morgan to collaborate with Wematch


JP Morgan to collaborate with Wematch

Wematch Interest Rates has been selected to join JP Morgan’s In-Residence fintech program and will work with the bank to explore ways to apply its technology at scale.

The In-Residence program was created by JP Morgan to help start-ups looking to commercialize ideas that solve real-world challenges in financial services. will have access to JP Morgan’s resources and expertise to better understand the increasing demands dealerships face at many levels of their day-to-day operations.

According to JP Morgan,’s technology brings a new way of thinking about the broker-to-broker interest rate market as it applies a never-before-seen level of automation to a trader’s workflow.

It does this through a user-friendly interface that relies on a unique matching and trading engine.

Additionally, the platform is based on a subscription model, which sets it apart from traditional inter-dealer brokers, JP Morgan revealed.

David Raccat, CEO and Founder of WeMatch.SecuritiesFinancing, said: “We have just created a new entity at Wematch, which is called Wematch Interest Rates. It will focus exclusively on the interest rate market, and this entity just joined the JP Morgan InResidence program.”

“The aim of the project with JP Morgan is to offer a new interest rate swaps and swaptions platform, which will be launched on the market in the first half of next year. The platform will be extended to the market and to all dealers. This will be a new platform added to the Wematch satellites today including securities finance, exotic equities and delta one (listed Eurex structures).”

Elie Slama, CTO at, said: “This is a fantastic opportunity for our business. We are confident that working with JP Morgan will help us improve our technology at every level. We are committed to bringing the benefits of this partnership to all of our users.

Michael Elanjian, Head of Digital Strategy at JP Morgan, commented: “ has an impressive track record of using technology to change the way market participants interact. We’re excited to partner with them and expand their offering to create another way to negotiate interest rates between dealers.

Mikhael Farouz, Interest Rates and FX Market Expert at, added: “We are developing new matching and trading engines with JP Morgan’s product teams. This technology will be suitable for trading interest rate instruments while improving market efficiency and reducing execution costs for all brokers. »

Pasquale Cataldi, Head of Fixed Income Execution Services at JP Morgan, said: “It’s exciting to see a small group of market experts have the opportunity to create a product that can have a significant impact on the results of big banks while creating a platform that can reduce operational and conduct risks.


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