Northern Trust’s use of EquiLend’s AutoBorrow trading service has prompted an increase in general collateral volume in most of the major markets. It offers a standardized solution across all markets with all participating borrowers. By implementing EquiLend AutoBorrow, Northern Trust has significantly expanded the number of borrowers on their platform. Prior to joining EquiLend, Northern Trust was using AutoBorrow capabilities with 5 borrowers in 6 non-US markets. Today, they are trading with 24 borrowers in 14 different markets. The EquiLend AutoBorrow functionality has also enabled Northern Trust to completely automate their trading environment for exclusive arrangements.
EquiLend’s post-trade services, which support Northern Trust’s operations processes, have been of enormous benefit to their securities lending operations from both a process efficiency and risk mitigation perspective. EquiLend’s post-trade services cover the full post-trade lifecycle of a loan. For example, approximately 80 percent of Northern Trust’s international loan volume flows through EquiLend's Contract Comparison service. Linking EquiLend AutoBorrow with its robust post-trade functionality has allowed them to achieve higher levels of efficiency and straight-through processing capability, allowing Northern Trust to remain a key provider of supply to borrowers and a leader in the securities lending industry. The on-line comparison tools also provide much-needed real-time communication between borrowers and lenders. Northern Trust’s ability to leverage the full suite of EquiLend offerings, from pre-trade through post-trade, has supported their position as an industry leader.
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Northern Trust is proud to be a founding member of EquiLend, which leverages technology to create efficiency and liquidity in the securities lending market."
 Northern Trust uses |
» AutoBorrow
» Trade2O
» Contract Comparison
» Dividend Comparison
» Mark-To-Mark Comparison
» Billing Comparison
» Billing Delivery
» Recalls
» Returns
» Agency Lender Disclosure
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