Saudi Arabia, Riad, 21 February 2024 – We are thrilled to announce the official Launch of The Instimatch Saudi Repo Trading Platform.
Instimatch Global AG, Switzerland and Muqassa (The Securities Clearing Center Company), Kingdom of Saudi Arabia signed a cooperation agreement for the launch of a cleared repo trading platform at the Saudi Capital Market Forum 2024 on 20 February 2024.
This joint platform brings Instimatch’s revolutionary trading platform, RepoBlick, together with Muqassa’s Clearing services to enable Saudi institutions to trade repos on an end-to-end digital basis. RepoBlick offers various price discovery mechanisms along with digital deal negotiation workflows that will bring about market efficiency and transparency. Through the integration with Muqassa’s systems as well as user treasury management systems, it enables full digital access to cleared repo trading for both Muqassa clearing members as well as non-members.
Instimatch is proud to be playing a role in the digital transformation of the Kingdom’s financial and market infrastructure, in line with Vision 2030. We are committed to cutting-edge innovation as well as continually improving the platform and expanding it to fit the needs and requirements of the marketplace.
(L-R): Adrian Edelman, Mansour Alta’is, Avinash Acharya, Javid Chaudry, Saad Al-Rasheed, Abdullah Al-Ghanim, Hugh Macmillen, Wael AlHazzani, Talal Othman
