HSBC, RBC Join JPMorgan-Backed Platform Cutting Out Voice Broker
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Wematch, a financial-technology startup, said HSBC Holdings Plc and Royal Bank of Canada have joined its platform for trading euro interest rate products without middlemen, bringing the number of lenders using it to 10.
Chief Executive Officer Joseph Seroussi said two of his company’s backers, JPMorgan Chase & Co. and Societe Generale SA, are also on the platform.