EquiLend sets sights on automating swaps market
20 November 2019 New York
Image: Shutterstock
EquiLend will be launching a new technology solution, Swaptimization, in December for the US market, which is set to automate the total return swaps market.
According to EquiLend, Swaptimization will deliver automation and efficiency to equity total return swaps (TRS) trading.
EquiLend explained that the solution utilises a proprietary matching algorithm to pair natural positions across market participants to facilitate bilateral security-based TRS in an efficient, centralised and scalable manner.
The key features of Swaptimization, according to EquilLend are automation of global equity TRS trading workflow, proprietary matching algorithm, and easy onboarding for existing EquiLend clients.
In addition, EquiLend said that further features include the pairing of natural positions across market participants and support by EquiLend's ‘seasoned’ securities finance trading team.
Following the platform launch in the US, rollouts are expected to follow in Europe, the Middle East and Africa, and the Asia Pacific.
According to EquiLend, Swaptimization will deliver automation and efficiency to equity total return swaps (TRS) trading.
EquiLend explained that the solution utilises a proprietary matching algorithm to pair natural positions across market participants to facilitate bilateral security-based TRS in an efficient, centralised and scalable manner.
The key features of Swaptimization, according to EquilLend are automation of global equity TRS trading workflow, proprietary matching algorithm, and easy onboarding for existing EquiLend clients.
In addition, EquiLend said that further features include the pairing of natural positions across market participants and support by EquiLend's ‘seasoned’ securities finance trading team.
Following the platform launch in the US, rollouts are expected to follow in Europe, the Middle East and Africa, and the Asia Pacific.
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