EquiLend and BondLend develop new system
16 October 2013 New York
Image: Shutterstock
EquiLend and BondLend have kicked off the development of a new securities finance trading system that will provide a venue for bilateral trading of general collateral, and warm and hot securities, while allowing clients to maintain control of execution decisions.
Brian Lamb, CEO of EquiLend, said: 鈥淓quiLend has been at the forefront of automating securities finance trading for more than a decade. We were built by the industry for the industry, and we evolve as industry needs evolve. We expect this new platform to usher in the 鈥榥ext generation鈥� of securities finance trading, serving as a single portal for all of the industry鈥檚 trading needs.鈥�
The new platform will integrate features clients are familiar with on existing EquiLend and BondLend platforms鈥攊ncluding the real-time inventory postings of Availability, the low-touch borrowing and lending services offered by AutoBorrow, the warm and hot trading capabilities of Trade2O and the global securities finance market data of DataLend鈥攁ll on a unified platform.
The platform also will include web services, trading screens, extended availability fields and additional AutoBorrow fields, as well as capturing the full 鈥渃onversation鈥� of a trade, including indications of interest, chat and counter-offers.
Dow Veeranarong, vice president of Product Strategy at EquiLend, said: 鈥淲e are constantly in discussions with clients about how to bring new efficiencies to the securities finance trading process for both lenders and borrowers."
"The new EquiLend and BondLend trading platform will allow lenders to increase utilisation of their books and borrowers to improve their execution efficiency. It brings added transparency into the entire trading process by consolidating trading services into a single, comprehensive, integrated platform, from front to back.鈥�
The new platform is expected to be rolled out to clients beginning in 2014.
Brian Lamb, CEO of EquiLend, said: 鈥淓quiLend has been at the forefront of automating securities finance trading for more than a decade. We were built by the industry for the industry, and we evolve as industry needs evolve. We expect this new platform to usher in the 鈥榥ext generation鈥� of securities finance trading, serving as a single portal for all of the industry鈥檚 trading needs.鈥�
The new platform will integrate features clients are familiar with on existing EquiLend and BondLend platforms鈥攊ncluding the real-time inventory postings of Availability, the low-touch borrowing and lending services offered by AutoBorrow, the warm and hot trading capabilities of Trade2O and the global securities finance market data of DataLend鈥攁ll on a unified platform.
The platform also will include web services, trading screens, extended availability fields and additional AutoBorrow fields, as well as capturing the full 鈥渃onversation鈥� of a trade, including indications of interest, chat and counter-offers.
Dow Veeranarong, vice president of Product Strategy at EquiLend, said: 鈥淲e are constantly in discussions with clients about how to bring new efficiencies to the securities finance trading process for both lenders and borrowers."
"The new EquiLend and BondLend trading platform will allow lenders to increase utilisation of their books and borrowers to improve their execution efficiency. It brings added transparency into the entire trading process by consolidating trading services into a single, comprehensive, integrated platform, from front to back.鈥�
The new platform is expected to be rolled out to clients beginning in 2014.
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