Asia trade volume hits new highs for EquiLend 05 March 2014 Hong Kong Reporter: Georgina Lavers
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In February, 40,672 trades were executed on EquiLend’s securities finance trading platforms in Asia. The previous monthly trading record in Asia was 33,554.
Andrew McCardle, head of EquiLend Asia, said: “The Asian region has always made up a key component of the global securities finance trading activity that takes place via EquiLend and BondLend. We anticipate further volume growth here as clients in Asia continue to expand their use of our platform.”
EquiLend opened its office in Hong Kong in 2011 in order to support a growing demand for its securities finance trading and post-trade services in the region. Since then, new clients in Asia have joined the platform, while trading volumes have been increasing.
EquiLend also broke its record for single-day trading volumes last month, when 28,317 trades were made globally on 6 February.
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