Finance Magnates sat down with the CEO of Instimatch, Daniel Sandmeier and Michael Schmidt, the Executive Chairman of the firm.
Instimatch Global, a digital network for institutional money market borrowing and lending, has been rapidly expanding its operations. The firm was established only two years ago and already has offices in Switzerland and Germany and very recently, opened its doors in Amsterdam.
The unsecured money markets industry is one of the least digitized parts of the financial markets. This is despite a more than 100 billion euro turnover per day in Europe alone. According to Instimatch Global, the market is still heavily reliant on voice brokerage and bilateral relationships, which means traders don’t have larger access to Liquidity across the market.
Instimatch has a number of ideas on how it plans to overcome these obstacles, so Finance Magnates sat down with CEO, Daniel Sandmeier, a former Credit Suisse executive and Michael Schmidt, the Executive Chairman, co-founder of fixed income fintech firm, Algomi.
Can you tell me a bit more about what you do at Instimatch Global? What’s the firm’s main focus?
Daniel - The company was started roughly two years ago by a former broker and two former traders - both with a background in short-term interest rate, government bonds, and fixed income.
The idea stems from the financial crisis. When liquidity collapsed between banks, our founder Hugh Macmillen felt that he wanted to build a platform where on a greater scale he could onboard institutional treasurers, be it from banks, corporates, asset managers, money markets funds, larger family offices, etc.
What we're really building right now is a network of institutional treasures across sectors and geographies. As you have seen, we've opened in Amsterdam, and have a growing presence across continental Europe, particularly Switzerland and Germany. We're about to take the next steps into the UK which is one of the reasons we're also here starting to create awareness around our offering.
So really what we're building is an unsecured money market trading platform for institutional treasurers. I think, the beauty of it really, is that the unsecured money market is one of the least digitized parts of the financial markets, whilst still being a very important piece of the infrastructure. It provides liquidity to where it is most needed.
Currently, the market is still heavily reliant on voice brokerage and bilateral trading relationships. Revealingly, almost half of all money market transactions are typically transacted within a single country. They don't go cross-border, and roughly a third of all transactions are still being either arranged by a voice broker or by bilateral connections.
Today, if you reach out to a handful of brokers, you're only exposed to a smaller number of potential counterparties whereas our mission is clearly to grow our network into the hundreds of counterparties, which will open up a larger number of trading opportunities. The power of a digital network then deepens liquidity, increases the likelihood of execution, diversifies counterparty risk and reduces spreads. But market data is also an important by-product of such a network and makes it easier to determine market rates for lending and borrowing in different currencies.
You recently opened an office in Amsterdam, when do you expect to start your operations in the UK?
Michael: It is definitely our aim to start in London as soon as possible. We've decided we want to be global, to start at least European. But the next step that we will immediately do is the UK.
Do you think Blockchain could be used to improve the way the money markets work?
Michael: Yes, we think it could, and we are exploring this area.
Can you tell me about your executive team? Are you planning on adding any more additions to your team soon?
Daniel: Instimatch was started by three people. They managed to get the first trades done and get the first 20 plus clients on board. Since then, we’ve added several people including Michael, myself and Lamine Brahimi on the board, Roel Schuring as a sales representative in Holland. It’s all part of the growth plan.
We recently secured fresh funding and really are on a growth path right now, expanding a cross-border trading network in Europe. Therefore you’ll see us hire a number of salespeople for the UK and the rest of Europe in the coming weeks and months.
Instimatch Global, a digital network for institutional money market borrowing and lending, has been rapidly expanding its operations. The firm was established only two years ago and already has offices in Switzerland and Germany and very recently, opened its doors in Amsterdam.
The unsecured money markets industry is one of the least digitized parts of the financial markets. This is despite a more than 100 billion euro turnover per day in Europe alone. According to Instimatch Global, the market is still heavily reliant on voice brokerage and bilateral relationships, which means traders don’t have larger access to Liquidity across the market.
Instimatch has a number of ideas on how it plans to overcome these obstacles, so Finance Magnates sat down with CEO, Daniel Sandmeier, a former Credit Suisse executive and Michael Schmidt, the Executive Chairman, co-founder of fixed income fintech firm, Algomi.
Can you tell me a bit more about what you do at Instimatch Global? What’s the firm’s main focus?
Daniel - The company was started roughly two years ago by a former broker and two former traders - both with a background in short-term interest rate, government bonds, and fixed income.
The idea stems from the financial crisis. When liquidity collapsed between banks, our founder Hugh Macmillen felt that he wanted to build a platform where on a greater scale he could onboard institutional treasurers, be it from banks, corporates, asset managers, money markets funds, larger family offices, etc.
What we're really building right now is a network of institutional treasures across sectors and geographies. As you have seen, we've opened in Amsterdam, and have a growing presence across continental Europe, particularly Switzerland and Germany. We're about to take the next steps into the UK which is one of the reasons we're also here starting to create awareness around our offering.
So really what we're building is an unsecured money market trading platform for institutional treasurers. I think, the beauty of it really, is that the unsecured money market is one of the least digitized parts of the financial markets, whilst still being a very important piece of the infrastructure. It provides liquidity to where it is most needed.
Currently, the market is still heavily reliant on voice brokerage and bilateral trading relationships. Revealingly, almost half of all money market transactions are typically transacted within a single country. They don't go cross-border, and roughly a third of all transactions are still being either arranged by a voice broker or by bilateral connections.
Today, if you reach out to a handful of brokers, you're only exposed to a smaller number of potential counterparties whereas our mission is clearly to grow our network into the hundreds of counterparties, which will open up a larger number of trading opportunities. The power of a digital network then deepens liquidity, increases the likelihood of execution, diversifies counterparty risk and reduces spreads. But market data is also an important by-product of such a network and makes it easier to determine market rates for lending and borrowing in different currencies.
You recently opened an office in Amsterdam, when do you expect to start your operations in the UK?
Michael: It is definitely our aim to start in London as soon as possible. We've decided we want to be global, to start at least European. But the next step that we will immediately do is the UK.
Do you think Blockchain could be used to improve the way the money markets work?
Michael: Yes, we think it could, and we are exploring this area.
Can you tell me about your executive team? Are you planning on adding any more additions to your team soon?
Daniel: Instimatch was started by three people. They managed to get the first trades done and get the first 20 plus clients on board. Since then, we’ve added several people including Michael, myself and Lamine Brahimi on the board, Roel Schuring as a sales representative in Holland. It’s all part of the growth plan.
We recently secured fresh funding and really are on a growth path right now, expanding a cross-border trading network in Europe. Therefore you’ll see us hire a number of salespeople for the UK and the rest of Europe in the coming weeks and months.
Swissquote Promotes 22-Year Veteran to New People Chief Post
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24