EquiLend has announced a 16% growth in the number of borrowing and lending transactions on its platform since the start of 2011. The news coincides with the firms 10-year anniversary.
Equilend now facilitates 28,000 transactions in a single day valued at US$21.3bn.
2011 has also seen EquiLend win more clients than in any other year throughout its 10-year history. Among them include RBC Dexia Investor Services, Zrcher Kantonalbank (ZKB), Prudential Investment Management and Kellner DiLeo & Co, and bringing the number of companies EquiLend now has participating on its platform to 64.
In the last 12 months, Equilend has also launched its fixed income and repo trading & post trade services platform, BondLend.
Brian Lamb, group CEO of EquiLend, said: The last 10 years have truly been an exciting journey for EquiLend and indeed the industry as a whole. The future continues to look very bright for EquiLend. We are venturing into new and emerging markets, we have some of the brightest people in the industry working with us, we have the backing of 10 leading global financial institutions, and we remain at the cutting-edge of innovation in securities finance technology.
(JDC)