Equilend extends securities lending platform

Source: EquiLend

EquiLend announced today its further expansion of its existing global securities lending platform to include support for trading and operations of U.S. Treasury and Agency securities.

Since the platform launched in 2002, clients have primarily been using EquiLend to conduct bi-lateral securities lending transactions in the global equities market. "Supporting Fixed Income, and specifically U.S. Treasuries, makes sense," said Dirk Pruis, President & CEO of EquiLend. "We, along with our clients, are finding a number of opportunities to leverage the platform and enhance its value by targeting the Fixed Income market."

"Our clients have made a commitment to EquiLend. Now it's our responsibility to make sure they maximize the benefits of their investment," says Pruis. "Whether that's increasing the number of counter-parties on the platform, or leveraging the technology in other areas of their businesses, we'll do whatever it takes."

With a growing number of firms choosing EquiLend to automate their securities lending business, the decision to expand its Fixed Income support of corporate bonds to U.S. Treasuries and Agencies couldn't be better timed. "This makes EquiLend a full-service company, providing trading and operational services to both sides of our clients' business," concludes Pruis. "Now, any firm that participates in securities lending can consider EquiLend."

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