NEW YORK, Feb. 4 /Xinhua-PRNewswire/ --
EquiLend announced today that a new trading service, Trade2O, has been added to the firm's already robust trading platform. Trade2O automates the negotiation and agreement of trade terms for global Equities and Fixed Income securities, giving traders a rapid and simple way to process trades straight through to their proprietary systems.
Currently, EquiLend's AutoBorrow trading service is a hub for processing over 18,000 trades daily valuing more than $20 billion USD. Trade2O is gaining momentum internationally, reaching the Japanese market, the United States and major European markets.
About EquiLend
EquiLend is the leading provider of brokerage solutions for the securities finance industry. Owned by eleven preeminent financial firms, EquiLend revolutionizes straight-through processing by using a common standards-based protocol and infrastructure, which automates formerly manual business processes. Used by borrowers and lenders throughout the world, the EquiLend platform creates efficiency and provides access to additional liquidity. EquiLend's end-to-end solutions, which reduce the risk of potential errors and eliminate the need to maintain costly point-to-point connections, include Availability, AutoBorrow, Trade2O, EquiLend AuctionPort(SM), Contract Comparison, Mark-to-Market Comparison, Returns, Recalls, Billing Comparison and Delivery, Dividend Claims Comparison, and Agent Lender Disclosure (ALD). The EquiLend platform also supports the execution of payment and delivery instructions through the DTCC.
www.equilend.com
EquiLend LLC and EquiLend Europe Limited are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the NASD and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. All services offered by EquiLend are offered through EquiLend LLC and EquiLend Europe Limited. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.
