EquiLend sees record February volumes 12 February 2014 New York Reporter: Georgina Lavers
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EquiLend is using its record volumes seen in February to promote its consolidated trading platform.
A record number of trades were executed on EquiLend’s securities finance trading platforms on 6 February.
The platforms saw 28,317 trades, including equities trades on EquiLend and fixed income trades on BondLend, executed between 65 clients glob. The total value of the trades exceeded $28 billion. The previous record of 27,955 trades was set on 9 August 2011.
Brian Lamb, CEO of EquiLend, said: “The fact that trading activity via EquiLend is exceeding record levels a full 12 years after our launch is a testament not just to the vitality of our systems but that we have been nimble enough to adapt to client needs and market demands throughout the years. ”
EquiLend is currently building out a consolidated platform that covers the full pre-trade to trade execution process. The platform will begin being rolled out this year to clients, who have been working closely with EquiLend on its development.
Ben Glicher, chief information officer of EquiLend, said that high volumes would be a precursor to greater participation as the firm rolls out new, consolidated trading platform, which aims to enable a vastly streamlined workflow for traders.
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