Enigmatch Auctions for Securities Lending

• An API-First, fully automated marketplace for Securities Lending
• Combinatorial auction mechanism matches lenders and borrowers at scale
  • Sophisticated bidding language captures complex lender/borrower preferences
  • Baked-in collateral optimization
  • Robust price discovery
  • Reduced trading costs
  • Trade with your existing counterparties, or discover new ones
  • Automatically discover bilateral and multilateral trade opportunities
  • Settle bilaterally or via DTCC SFT CCP
• Auctions every hour between 6:30 AM and 2:30 PM Eastern
  • Real time market data feed provides market depth and pricing
  • Revise your bid/offer until 5 minutes before auction time
• Option to use cash or non-cash collateral
• Secure, modern, responsive marketplace API