EXCLUSIVE: EquiLend introduces bidding to AutoBorrow service
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EXCLUSIVE: EquiLend introduces bidding to AutoBorrow service 28 April 2011New York Reporter: Ben Wilkie
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EquiLend has introduced bidding to its AutoBorrow messaging service...
The bid functionality expands opportunities for counterparts to trade at any level in an automated fashion. The percentages of warm and special volumes on EquiLend have increased 65 per cent since the same period last year.
Brian Lamb, CEO of EquiLend, stated: "As the leading securities lending trading platform we are pleased to continue to meet market demand for new trading tools. This feature will continue to make EquiLend the platform of choice for any type of trade."
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