EquiLend has partnered with Stonewain to offer securities finance market participants around the globe the ability to manage their book of business on a single, comprehensive and integrated platform.
The solution—offered by EquiLend and leveraging Stonewain’s Spire system will tie in seamlessly with EquiLend’s suite of trading, post-trade and market data services, including NGT, the securities finance industry trading platform.
Moreover, Spire will allow firms to replace all or part of their legacy securities lending technology.
Clients can consolidate disparate systems by adopting the comprehensive, full-service offering covering the front, middle and back office. Or, they can choose one or more modules that complement and are interoperable with their existing technology. The platform streamlines the management of a firm’s operation with a bird’s eye view of their entire business.
The new system allows users to efficiently process inventory management, cash and non-cash collateral, trade distribution through electronic trading algos and trading desk P&L — all with enhanced management and client reporting.
The combined offering is a state-of-the-art platform and technology-driven hub for securities finance firms of all types, including agent lenders, prime brokers, retail brokers, beneficial owners and collateral managers.