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August 8, 2022
Finance Technologies

Wematch hosts “first fully electronic” Eurex-LCH basis swap trade

Wematch, the web-based trading toolkit for matches backed by JP Morgan and Societe Generale, has hosted what it is calling “the first fully electronic” Eurex-LCH basis swap trade. Initially piloted between Societe Generale and Landesbank Baden-Württemberg (LBBW), the electronic swap service has been live for two weeks now and is attracting “more and more volumes of customers who find it an easier experience,” Wematch co-founder David Raccat tells FinTech Futures. “No other trading platform currently offers the ability for Eur-LCH basis swaps to be negotiated on a purely electronic basis, making this trade the first of its kind to be…
Wematch hosts “first fully electronic” Eurex-LCH basis swap trade

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