Digital Money Market Network Launches New Trading Tools

Shanny Basar

Instimatch Global, the new digital network for institutional money market borrowing and lending, has added a series of network enhancements designed to further improve counterparty connectivity and create new trading opportunities for users in the huge institutional money market.

Working closely with strategic technology partner, Multilateral AG, a provider of banking and fintech applications based in Switzerland, Instimatch Global has enhanced its functionality with the following new tools for network users:

–       RFQ (Request-For-Quote) – users can ask their network partners for quotes on specific terms and currencies or make counter bid / offers.

–     Client portal – every company onboarded to the network can share information such as Know Your Customer (KYC) information, settlement instructions or general company information with counterparties and potential counterparties

–      Custom view – each user can set individual preferences – amongst other they can define whom they want to see on the network tool or whom on the network they want to make their prices available to.

Instimatch Global aims to change the way money market transactions take place by digitalizing traditional voice brokerage and by moving from local to global execution. Its cloud-based network connects borrowers with lenders within the huge unsecured money markets, providing more efficient access, better pricing and the ability to diversify counterparty risk.

Founded in 2016 in Switzerland, Instimatch Global continues to build its network of bank treasuries, corporate treasuries, pension funds, insurance companies, asset managers, family offices and municipalities across Europe. The company recently opened offices in Amsterdam to expand its presence across Benelux.

Daniel Sandmeier, CEO, Instimatch Global comments: “Since inception, we have been working closely with early adopters to improve and grow our digital network. These latest enhancements will improve best execution for users, enable faster trading for time-poor treasurers and improve workflows. Ultimately, we are removing friction in this highly fragmented market, while creating new, cross-border trading opportunities for our users.

Matthias Gysi, CEO, Multilateral comments: “The team at Instimatch Global are focused on using technology to solve a common problem for the treasury community in money markets. We are thrilled to be working closely together to build and enhance a digital network that better connects counterparties across the entire market.”

Source: Instimatch Global

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