PASLA welcomes Trading Apps 09 October 2024UK Reporter: Daniel Tison
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The Pan Asian Securities Lending Association (PASLA) has added Trading Apps as a new member.
Established more than a decade ago, Trading Apps is a software business that seeks to solve long-standing securities finance industry challenges.
Through its suite of offerings, Trading Apps has created a series of modules that automate transactions, enable business scale, manage trade volumes, and eliminate manual errors.
The firm has recently launched TA.Link, a software-as-a-service (SaaS) messaging platform enabling the communication of borrower requests, distribution of securities availability, trade negotiation, and post-trade lifecycle events such as re-rates, returns and recalls.
In the announcement, PASLA says: “Joining PASLA demonstrates [Trading Apps’] continued commitment to enhancing the securities lending market through technology and innovation.”
With more than 60 members, including banks, agent lenders, hedge funds, prime brokers, and technology solution providers, PASLA represents the securities finance market in the APAC region.
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