EquiLend announced its newest trading service, Trade2O, is gaining significant momentum in US and Japanese markets.
Many of EquiLend's 47 client institutions now use Trade2O for their daily borrowing and lending needs, instead of using the telephone or other manual methods.
Trade2O provides a simple and fast way for traders to negotiate and agree trade terms for global Equities and Fixed Income securities, and to process them straight through to a proprietary system. "Trade2O is a new tool that is helping Northern Trust achieve its strategic goals of trade automation and efficiency. It is quickly becoming an integral part of our trading technology, allowing us to automate manual activities and leverage our existing straight-through processing capabilities," says Jeff Benner, Head of North American Trading of The Northern Trust Company.
"We are excited to give the market what it wants with Trade2O. We are committed to making Trade2O a mission critical part of a trader's day and intend to release additional trading screens in early April in response to client demand," states Brian P. Lamb, CEO, EquiLend.