EquiLend partners with tech vendor for integrated securities finance platform

The new system will integrate its trading, post-trade and data services, as well as its flagship Next Generation Trading (NGT), on a single platform.

By Joe Parsons

EquiLend has partnered with securities finance technology vendor Stonewain to integrate its range of trading, post-trade and data services on a single platform.

By leveraging Stonewain’s Spire system, Equilend will allow clients to replace all or part of their legacy securities lending technology.

Clients will be able to either consolidate disparate systems onto EquiLend’s front-to-back platform, or choose from a range of modules that complement and are interoperable with their existing technology.

The new system will allow users to process inventory management, cash and non-cash collateral, trade distribution through electronic trading algorithms and trading desks P&Ls.

“EquiLend’s full suite of services for securities finance market participants, now with streamlined connectivity to Stonewain’s Spire platform, offers clients an unprecedented ability to manage their entire business all in one central place. We look forward to working with Stonewain to offer clients an all-inclusive system for securities finance businesses,” said Brian Lamb, CEO, EquiLend.

The new system comes almost four years after EquiLend went live with its flagship securities finance trading platform, Next Generation Trading (NGT), which has now become the most-used platform in the securities finance industry.

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.