EquiLend talks up European growth

Source: EquiLend

EquiLend continues to be attractive to European clients due to the platform's automated and efficient trade and post- trade services.

Recent new clients include ABN AMRO Bank N.V., Calyon, IXIS Corporate and Investment Bank, Macquarie Bank Limited, London Branch, Rabobank International, and Timber Hill (Europe) AG.

Brian P. Lamb, CEO of EquiLend states, "These firms joining EquiLend is a significant milestone. We are very pleased to welcome them into the EquiLend community and we are excited about the opportunities it affords them as well as our existing clients. This roster of new joiners further expands and diversifies EquiLend's client base and solidifies EquiLend as an entity that is helping the industry achieve greater efficiencies through innovation.

One such innovation is EquiLend's Dividend Comparison service. The importance of automating the collection of dividend income from securities finance transactions has been an important topic for industry participants particularly in Europe. The EquiLend Dividend Comparison service continues to gain momentum as several European clients seek to make the most efficient use of their resources and mitigate risk.

EquiLend has gained a strong position in the European security finance industry through the expansion of its European clientele which has directly impacted the transaction volume through the EquiLend platform. From August 2006 to August 2007, daily average trade count increased 54% overall. "These trends are expected to continue as our platform moves in tandem with the needs of its sers." adds Sharon Walker, Managing Director of EquiLend Europe.

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