HSBC Bank PLC will be using EquiLend’s global securities finance trading and operations services. HSBC will begin using EquiLend’s services offered through its platform in phases, the first of which will include using EquiLend AutoBorrow for its borrowing and lending needs in Europe.
Once the European phase is complete, HSBC plans to extend this globally.
“Having HSBC as a client is a tremendous milestone for EquiLend,” says Brian P. Lamb, the CEO of EquiLend. “Their expansive global business in numerous markets makes them a valuable addition to our already robust client base.”
“The use of automated trading tools is becoming increasingly important to HSBC as we continue to expand our equity finance product,” adds Karl von Buren, the Global Head of Equity Finance at HSBC. “The introduction of EquiLend gives us greater ability to transact with many of the other major players in the market.”