EquiLend, the securities finance trading and post-trade service provider, and Eurex Clearing, one of the world’s leading clearing houses and part of Deutsche Börse Group, agreed to connect EquiLend’s securities lending platform to Eurex Clearing’s Lending CCP service.
EquiLend successfully rolled out its Next Generation Trading (NGT) securities finance trading platform on Monday, April 27. The platform is now live, with clients from around the world already having executed trades on the platform.
EquiLend and BondLend, the securities finance industry trading and post-trade service providers, have launched Trade Match, which provides an automated way to compare pre-settlement, cross-product securities finance transactions.
EquiLend has received regulatory clearance from the Australian Securities and Investments Commission (ASIC) to operate its securities finance trading platform domestically in the market.
On July 1, Absa Bank, the South African banking entity of Barclays Group Africa, became the first-ever domestic South African entity to execute a securities finance trade via the EquiLend trading platform.
EquiLend has appointed Iain Mackay as Product Owner, Post-Trade Services, effective immediately. He is based in London.