EquiLend outsources systems management to Totality

EquiLend outsources systems management to Totality

Multibank securities lending service EquiLend is to outsource the systems operations management of its private securities lending platform to Totality.

San Francisco-based Totality will provide 24x7 monitoring, asset management, backup and recovery services.

Dirk Pruis, president of EquiLend says: "Through our relationship with Totality, EquiLend is able to operate the platform in an efficient manner for our participants without compromising system reliability or performance."

EquiLend was created by a consortium of custodians and investment banks and has processed over 150,000 transactions, worth over $70 billion, in just over two months of operations.

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