MUFG Investor Services will leverage the Equilend Spire securities finance system for all pre- and post-trade services wrapped up in one solution.
Recent expansions by retail brokers to facilitate securities lending programmes could further expand the market for institutional players.
EquiLend has taken the number of users for its flagship NGT securities finance electronic trading platform to over 100 firms.
The rollout of the new platform is the latest innovation from the securities finance firm over the past year to enhance the collateral management infrastructure.
Trade wars, Brexit and central bank actions weighed heavily on hedge funds' securities lending programmes.
The lawsuit accused the six banks and their prime brokerage divisions had colluding to ‘boycott’ an electronic securities lending trading platform.
Both companies are looking to get clients ready for SFTR reporting in advance of the 2020 deadline.
JP Morgan will continue to hold a 10% ownership interest in EquiLend.
The approval will allow European-based clients to continue trading on the platform without the interruption of the UK’s exit from the EU.
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.