EquiLend Reaches Record Securities Finance Trading Volumes

NEW YORK (Feb. 12, 2014)—A record number of trades were executed on EquiLend’s securities finance trading platforms on Thursday, February 6.

The record-breaking 28,317 trades, including equities trades on EquiLend and fixed income trades on BondLend, were executed between 65 clients from around the globe. The total value of the trades exceeded $28 billion. The previous record of 27,955 trades was set on Aug. 9, 2011.

Brian Lamb, CEO of EquiLend, says: “The fact that trading activity via EquiLend is exceeding record levels a full 12 years after our launch is a testament not just to the vitality of our systems but that we have been nimble enough to adapt to client needs and market demands throughout the years. ”

EquiLend is currently building out a consolidated platform that covers the full pre-trade to trade execution process. The platform will begin being rolled out this year to clients, who have been working closely with EquiLend on its development.

Ben Glicher, chief information officer of EquiLend, says: “With record volumes flowing through EquiLend today, we anticipate even greater participation as we roll out our new, consolidated trading platform, which will enable a vastly streamlined workflow for traders.”

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