EquiLend has reported record growth in trade volumes, resulting from a highly successful first quarter, it said in a statement.
Transaction value and operations services usage increased due to firms leveraging automation and scalability provided by the EquiLend platform.
“Comparing Q1 of 2007 to the same period last year, we have experienced an overall increase in daily trade value of 30 percent, demonstrating that EquiLend remains a leader and innovator in the securities finance business,” said Brian P. Lamb, CEO of EquiLend. “EquiLend clients continue to expand their usage of trading services in international markets. With non-US equities alone, transaction values have increased 84 percent. Also, since the re-launch of contract comparison in May of last year, the number of contracts compared has increased by 70 percent.”