About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Wematch.live Seeks to Disrupt Voice Traded Interest Rate Swaps

Subscribe to our newsletter

Wematch.live, a digital broker, reports growing interest in the Euro interest rate swaps (IRS) matching and negotiating platform it released in late July. The platform went live with an initial group of 10 banks, including JP Morgan, Société Générale, HSBC and Royal Bank of Canada, and has since increased usage and liquidity, with 39 banks trading on a cross-asset basis.

Wematch, which is based on a subscription model, defines itself as a global multi asset class, web-based matching and negotiation platform. It says it is able to give sell-side human traders greatly enhanced tools and workflow to match and negotiate trades. The start-up is seeking to disrupt IRS, one of the largest and most liquid financial markets, with over $2.1 trillion a day changing hands, according to the Bank for International Settlements. Although most IRS is traded electronically, there is still a significant amount of business conducted via phone by experienced voice traders.

With the addition of Euro IRS to the Wematch platform, these traders are able to match and negotiate Euro IRS curves, butterflies, and basis structures. According to Wematch, a dozen more instrument types are in the process of being onboarded, as the company works with banks to add more products and instruments on a monthly basis.

“This is a game changer for a traditionally underserved, but enormously important, segment of financial services,” says Joseph Seroussi, co-CEO of Wematch. “We have built up our network of users and liquidity steadily, working closely with the dealers at the banks to ensure we deliver functionality to enhance the way these instruments are matched and negotiated. The growth in bank usage and connectivity to Wematch and liquidity flow has been beyond our expectations.”

Wematch.live is based in Tel Aviv and has offices in London and Paris. It also has platforms for equity derivatives and securities financing structures. Since 2016, Wematch Interest Rates has been part of the JP Morgan ‘In-Residence’ FinTech programme. The programme is a start-up hub designed to foster new technology and FinTech firms, and is embedded within J.P. Morgan’s Corporate & Investment Bank. Each member is personally sponsored by a member of the Corporate & Investment Bank Management Committee. The Wematch.live equity derivatives platform is part of the Société Générale global markets incubator programme.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Managing Trade Surveillance

The surge in trading volumes combined with the emergence of new digital financial assets and geopolitical events have added layers of complexity to market activities. Traditional surveillance methods often struggle to keep pace with these changes, leading to difficulties in detecting sophisticated market abuses and increased regulatory risk. To address these challenges, financial institutions are...

BLOG

ION Enhances XTP Risk JANUS with AI to Improve Pre-Trade Margin Accuracy

ION has incorporated artificial intelligence into its XTP Risk JANUS platform to improve the accuracy and efficiency of pre-trade risk management for cleared derivatives. The enhancement targets a key challenge in margin estimation using CME Group’s SPAN2 Approximation model. SPAN2 is a margin methodology developed by CME that assesses the worst-case losses of futures and...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...