EquiLend, the global technology company for the securities finance, collateral and swaps industries, today launched the Swaptimization platform to automate the total return swaps (TRS) market.
Building off of EquiLend’s industry-leading and award-winning position in the secured financing and collateral trading technology marketplace, Swaptimization delivers automation and efficiency to equity TRS trading. Swaptimization’s intuitive, Web-based user interface offers access to liquidity in a few simple clicks.
Swaptimization utilizes a proprietary matching algorithm to pair natural positions across market participants to facilitate bilateral, security-based TRS in an efficient, centralized and scalable manner.
Brian Lamb, CEO of EquiLend, says: “EquiLend has a long history of success in bringing efficiency and automation to areas of the market prone to inefficient, manual processes. With the launch of Swaptimization, we look forward to extending our award-winning technology and expertise in automation to the swaps market.”
Paul Lynch, Global Head of Product, EquiLend, says: “Our clients have solicited our ability to automate, streamline and standardize a workflow to allow their TRS traders to focus on revenue generation for their firms. Swaptimization is a solution that provides technological efficiency to a marketplace that would greatly benefit from automation.”
Swaptimization launched today in the United States, with a core group of total return swaps market participants joining the launch. A broad array of firms have been participating in EquiLend’s Swaptimization Working Group since June, with upwards of 20 participant firms expected to join the platform in the U.S. in the New Year. The launch of Swaptimization in Europe and Asia will follow in 2020, pending regulatory approvals.
Clients already using EquiLend services—including NGT, the securities finance industry’s most active trading platform—benefit from easy onboarding to Swaptimization. For more information on Swaptimization, please visit https://www.equilend.com/services/swaptimization.