Average daily notional balance on Quadriservs central counterparty-based U.S. securities lending platform AQS has grown 125% year on year to the first quarter this year.
The marketplace offers automated equity financing in over 5,000 underlying equity, ETF and ADR products. The firm says three of the five largest prime brokers in the U.S. are now active participants on the platform and have integrated AQS into their daily workflow.
Quadriserv recently appointed Pat Cestaro and Bruce Turner co-CEOs.
(CG)