Pirum and wematch.securitiesfinancing to collaborate on post trade
20 June 2017 London
Image: Shutterstock
Pirum Systems and wematch.securitiesfinancing have launched a collaboration focusing on securities finance trading and post-trade.
Former BNP Paribas executive David Raccat launched the global multi-product and multi-asset-class, web-based securities financing dealing platform earlier this year.
The agreement with Pirum, a specialist in providing real-time straight-through processing services to the securities finance industry, promises to allow mutual clients to execute trades on wematch.securitiesfinancing and manage their post-trade on Pirum, which also boasts downstream connectivity to infrastructure providers such as triparty agents and central counterparties.
Pirum will also enable wematch.securitiesfinancing clients to comply with transaction reporting obligations via Pirum鈥檚 existing partnership with IHS Markit.
Ben Challice, COO at Pirum, said 鈥淭he 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.鈥�
David Raccat, founder and CEO at wematch.securitiesfinancing, said 鈥淭he 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.鈥�
Former BNP Paribas executive David Raccat launched the global multi-product and multi-asset-class, web-based securities financing dealing platform earlier this year.
The agreement with Pirum, a specialist in providing real-time straight-through processing services to the securities finance industry, promises to allow mutual clients to execute trades on wematch.securitiesfinancing and manage their post-trade on Pirum, which also boasts downstream connectivity to infrastructure providers such as triparty agents and central counterparties.
Pirum will also enable wematch.securitiesfinancing clients to comply with transaction reporting obligations via Pirum鈥檚 existing partnership with IHS Markit.
Ben Challice, COO at Pirum, said 鈥淭he 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.鈥�
David Raccat, founder and CEO at wematch.securitiesfinancing, said 鈥淭he 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.鈥�
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