EquiLend Goes Live with New Sec Lending Platform

EquiLend has gone live with a Next Generation Trading (NGT) securities finance trading platform.

Using EquiLend’s existing trading venues and messaging capabilities, the new platform increases trade-level transparency, improves workflow automation and generates greater market efficiencies.

EquiLend began building NGT in 2013 after clients demanded a consolidated trading system that would enable increased executions, real-time bid/offer negotiation, more dynamic workflow and streamlined setup, among other enhancements.

“We collaborated with clients on the ground across five continents to ensure the global securities finance industry would be prepared for a new trading dynamic focused on transparency and efficiency,” says Brian Lamb, CEO of EquiLend. “With NGT, traders around the globe can, for the first time, conduct their entire trading workflow all on one screen, from indications of interest with counterparties through to trade execution.”