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Northern Trust enhances Global Securities Lending platform

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Northern Trust has enhanced its Global Securities Lending capabilities with EquiLend’s Next Generation Trading platform, which optimises lending performance through increased customisation and enhanced automation with borrowers.

Global Securities Lending is Northern Trust’s single, multi-currency system for managing the securities lending process.
With the integration of Next Generation Trading, the availability of securities is communicated in real time and can be tailored to meet a borrower’s specific needs.
Customising inventory increases the efficiency of trading desks globally and allows traders to focus on value-added opportunities for clients. Next Generation Trading is currently live in Northern Trust’s 54 global fixed income and equity markets.
EquiLend is a securities lending technology and market data provider owned by a group of 10 financial institutions, including Northern Trust, whose goal is to connect borrowers and lenders through a common, standards-based global lending platform. The platform facilitates market liquidity through increased efficiency and speed, which ultimately reduces both cost and risk.
“Northern Trust consistently seeks ways to improve the service we provide to our clients,” says Jeff Benner, global head of trading at Northern Trust. “The integration of the Next Generation Trading platform helps strengthen our global infrastructure, assuring clients that our trading professionals can focus on optimising the intrinsic value of their assets.”
“Northern Trust has been committed to EquiLend's Next Generation Trading platform from the planning stages through to the global rollout of the platform,” says Dow Veeranarong (pictured), global product owner, EquiLend. “As firms such as Northern Trust migrate their securities finance trading activity to Next Generation Trading, they benefit from increased trade-level transparency and improved workflow automation while generating greater efficiencies for the market.”

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