EquiLend Competitive Bid is a new NGT workflow that combines NGT, post-trade and market-level data into a single location, giving insight into available inventory, demand, open contracts and market benchmarks to allow traders to make better, more informed decisions.
With features like real-time data and depth of market, this powerful tool allows traders to view and agree the core specials they want to trade across multiple counterparts, ensuring users have more control during agreement while maintaining certain currently automated processes.
Built upon the existing EquiLend NGT messaging system and included in the current NGT solution at no extra cost, EquiLend Competitive Bid promotes greater liquidity in the automated trading market of hard-to-borrow securities by offering users insights into today’s transactions (both on and off platform) and allowing them increased flexibility over allocation.