Quadriserv’s AQS swells by 125 per cent 14 April 2012New York Reporter: Georgina Lavers
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Quadriserv’s AQS saw a 125 per cent growth in average daily notional balance compared to the first quarter in 2011.
Quadriserv's AQS is an all-electronic, direct access securities lending market in the US, offering automated trading in over 5,000 underlying equity, ETF and ADR products.
Recent people moves also include the appointment of Pat Cestaro and Bruce Turner, previous president and chief operating officer, to the position of co-CEOs.
A statement from Quadriserv said: “At a recent SIFMA Automated Trading in Securities Lending Educational panel, event participants from across the industry agreed that automation is now an integral part of equity financing. Momentum continues to build behind the AQS model.”
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