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.
The year was a record in terms of revenues for beneficial owners, with more securities lending activity shifting to the front-office.
EquiLend has recently hired a number of securities lending veterans as it looks to strengthen relationships with users for its trading, data and post-trade services.
Lynch has more than 30 years of experience in securities lending and was most recently head of trading and short-term investment management at eSecLending.