EquiLend continues to investigate and address a recent ransomware incident impacting the functionality of portions of its platforms and certain services.
“We have made significant progress and at this time, and NGT is now live and seeing trading activity,” EquiLend said in an update. “We continue working on our systematic recovery plan to bring the rest of our services back online imminently.
EquiLend Spire components and the ECS Loan Market were not impacted by the ransomware incident and remain fully operational. The Orbisa system was also not impacted by this incident, but updated data is not currently available.
Market experts said it can be expected that SFTR reporting will be impacted, potentially necessitating special dispensation from supervisors for affected firms, according to Risk.