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      Instimatch Global and Frontclear Partner to Advance Electronic Repo Trading Infrastructure in Africa

      Published: just now

      Instimatch frontclear

      February 16, 2024 - Instimatch Global AG has announced a collaboration with Frontclear, aimed at revolutionizing electronic repo trading in Africa. This partnership is set to introduce an integrated global repo trading solution designed to foster the development of an efficient money market in emerging economies, facilitating their integration into the global financial system and promoting trade and investment.

       

      Adrian Edelmann Instimatch 200x200
      Adrian Edelmann, CEO, Instimatch Global AG

       

       

      Adrian Edelmann, CEO of Instimatch Global AG, emphasized the partnership's goal: “Our joint vision is to create an inclusive money market system in Africa, providing access to a significant depth of local liquidity and a range of global counterparties. Together we can offer a standardised and negotiable trading workflow for interbank transactions on Frontclear’s Tradeclear platform, whereby Frontclear can enhance liquidity on the platform via credit risk guarantees and principal trading capabilities.”

       

      Philip Frontclear
      Philip Buyskes, CEO, Frontclear

       

       

      Philip Buyskes, CEO of Frontclear, highlighted the importance of robust money markets: “Money markets are the most fundamental layer of financial markets, supporting maturity transformation and responsible lending practices of banks, deepening of government security markets, and allowing for effective transmission of monetary policy signals. We are delighted to partner with Instimatch Global to implement our common vision.”

       

      The Tradeclear platform, underpinned by Instimatch Global AG’s cutting-edge technology and guaranteed by Frontclear, aims to create stable and inclusive money markets. 

       

      The platform will offer:

       

       ▪️ Access to both domestic and international interbank markets for African financial institutions, facilitating global counterparties’ engagement with local entities.

       

       ▪️ Improved liquidity and pricing through enhanced price discovery and matching processes, reducing market frictions.

       

       ▪️ Increased market transparency by providing valuable data on the African repo market, improving surveillance, oversight, and compliance.

       

       ▪️ Enhanced efficiency by automating and integrating repo trading processes, ensuring the African repo market's compatibility with other financial instruments and markets.

       

      The platform is scheduled to launch in Uganda in Q1 2024 and Zambia in Q3 2024, following Frontclear's comprehensive technical assistance aimed at overcoming market development challenges.

       

       

       

      Instimatch is a money markets trading platform with a digital network enabling a global community of institutional borrowers and lenders to make valuable trading connections and put liquidity to work. Clients using our Money Market trading platform's network include banks, corporations, pension funds, asset manager, family offices, insurance companies and municipalities.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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      Founder of LiquidityFinder. 25+ years in Financial Markets technology. Now building the world's financial markets social network / marketplace.

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