EquiLend is a leading provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is backed by 10 global financial institutions: BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan Clearing, J.P. Morgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.
Used by securities borrowers and lenders globally, the EquiLend platform (for equities) and BondLend platform (for fixed income) automate formerly manual trading and post-trade processes in the securities finance industry.
EquiLend acquired Automated Equity Finance Markets, Inc. (aka AQS) and its associated middle-office and front-end software in July 2016. The acquired business and technology served as the basis for the newly launched EquiLend Clearing Services.
In the short term, EquiLend Clearing Services will continue to operate the existing platform, including its trading and middle-office services. Meanwhile, EquiLend is developing a solution to manage centrally cleared transactions.
EquiLend Clearing Services also has established a partnership with the Options Clearing Corporation (OCC) to offer direct connectivity to the OCC for central clearing of securities finance trades.