EquiLend and BondLend Launch Trade Match Service

NEW YORK (April 1, 2015)—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.

Trade Match reconciles all the trade components of either the start or close leg of each trade type. Trade Match’s exception management reporting prioritizes the core pending settlement risk items for the users, helping them to reduce fails and rectify trade economic discrepancies on a real-time basis.

Trade Match recognizes nuances between equity and fixed income clients. BondLend clients will be able to leverage reconciliation terms specific to the fixed income business, offering the flexibility to handle different trade types.

Trade Match is compatible with “One File” connectivity, EquiLend’s new workflow for streamlined build-out to EquiLend’s post-trade services.

Brian Lamb, CEO of EquiLend, says: “We have heard clients’ concerns around the changing regulatory environment and reduction of settlement cycles. Coupled with the industry focus on developing best practices, we are excited to offer a tool to help clients reduce risk on their pending trades. By leveraging Trade Match, an automated solution, we allow firms to be scalable with their business.”

Iain Mackay, post-trade service product owner at EquiLend, says: “Inventory management and latency have become a very important priority within the industry. Trade Match provides an opportunity to effectively manage this by offering same-day matching and affirmation transparency, giving clients a more effective reconciliation tool to ensure delivery of stock to the counterparty, which will enable them to reduce costs, increase client service and meet regulatory requirements.”

Trade Match is available immediately to existing post-trade clients of EquiLend and will be available on April 27 for BondLend clients.

About EquiLend:

EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India. For more information, please visit www.equilend.com

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. DataLend, the securities finance market data division of EquiLend, provides aggregated, anonymized, cleansed and standardized securities finance data covering all asset classes, regions and markets globally.