EquiLend and BondLend Develop Securities Finance Trading Platform

EquiLend and BondLend expect to launch a new securities finance trading system covering the full pre-trade to execution process in 2014.

In addition to incorporating features such as real-time inventory availability and market data, which currently can be used on existing EquiLend and BondLend platforms, the new platform will allow for bilateral trading of general collateral and include additional trading screens and trade information such as indications of interest and counter-offers.

“We 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 utilization 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,” says Dow Veeranarong, vice president of Product Strategy at EquiLend.

Apart from the new platform, the third part of EquiLend’s business, DataLend, reached the $10 trillion mark in total inventory value, covering nearly 40,000 unique securities worldwide.