EquiLend Partners With Stonewain to Offer Fully Integrated Securities Finance Platform

The solution—offered by EquiLend and leveraging Stonewain’s Spire system—will tie in seamlessly with EquiLend’s suite of trading, post-trade and market data services, including NGT, the leading* trading platform in the securities finance industry. 

The EquiLend Spire solution will allow firms to replace all or part of their legacy securities lending technology.

Clients can consolidate disparate systems by adopting the comprehensive, full-service offering covering the front, middle and back office. Or, they can choose one or more modules that complement and are interoperable with their existing technology. The platform streamlines the management of a firm’s operation with a bird’s eye view of their entire business.

The new system allows users to efficiently process inventory management, cash and non-cash collateral, trade distribution through electronic trading algos and trading desk P&Ls—all with enhanced management and client reporting.

The combined offering is a state-of-the-art platform and technology-driven hub for securities finance firms of all types, including agent lenders, prime brokers, retail brokers, beneficial owners and collateral managers.

Brian Lamb, CEO of EquiLend, says: “EquiLend’s full suite of services for securities finance market participants, now with streamlined connectivity to Stonewain’s Spire platform, offers clients an unprecedented ability to manage their entire business all in one central place. We look forward to working with Stonewain to offer clients an all-inclusive system for securities finance businesses.”

Armeet Sandhu, CEO of Stonewain Systems, says: “Stonewain is pleased to be partnering with EquiLend to offer firms in the securities finance industry a powerful new way to manage their businesses. With the seamless integration of our modular and scalable securities finance platform Spire with EquiLend’s full suite of services, users can expect nimble, responsive and client-focused joint technology perfectly aligned with the industry’s evolving needs.”

* Best Securities Finance Trading Platform Globally, Global Investor/ISF Awards 2018

About EquiLend

EquiLend is a leading provider of trading, post-trade, market data and clearing services for the securities finance industry with offices in New York, Boston, Toronto, London, Dublin and Hong Kong. EquiLend is owned by BlackRock, Credit Suisse, Goldman Sachs, JP Morgan, JP Morgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.

EquiLend operates NGT, the securities finance industry’s most active trading platform, as well as a Post-Trade Suite for securities finance operations. DataLend provides performance reporting and global securities finance data to agent lenders, broker-dealers and beneficial owners. EquiLend Clearing Services offers CCP services and connectivity. 

About Stonewain

Stonewain Systems Inc. provides world class software and solutions for the securities finance industry. Our products’ scalability, coupled with customization, flexibility, and stability deliver comprehensive, fully-integrated solutions that combine a high level of industry specific functionality with leading edge technology and automation.