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Securities finance platform sees record usage


New York-based EquiLend has reported record growth in trade volumes, resulting from a first quarter during which transaction value and operations services usage increased due to firms leveraging the automation and scalability provided by its platform.
 
"Comparing Q1 of 2007 to the same period last year, we have experienced an overall increase in daily trade value of 30%, demonstrating that EquiLend remains a leader and innovator in the securities finance business," states Brian P. Lamb, CEO of EquiLend, based in New York. "EquiLend clients continue to expand their usage of trading services in international markets. With non-US equities alone, transaction values have increased 84%. Also, since the re-launch of contract comparison in May of last year, the number of contracts compared has increased by 70% (Note: Figures are as of April 01, 2007).'

EquiLend is a provider of brokerage solutions for the securities finance industry.

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