EQUILEND REACHES RECORD MONTHLY SECURITIES FINANCE TRADING VOLUMES IN ASIA
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HONG KONG (March 5, 2014)—A record number of trades were executed on EquiLend’s securities finance trading platforms in Asia in February.
Last month, 40,672 trades were executed via EquiLend and BondLend in the region. The previous monthly trading record in Asia was 33,554.
Andrew McCardle, head of EquiLend Asia, says: “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 February 6.
EquiLend is a leading provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is backed by 10 global financial institutions: BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan Clearing, J.P. Morgan, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.
Used by securities borrowers and lenders globally, the EquiLend platform (for equities) and BondLend platform (for fixed income) automate formerly manual trading and post-trade processes in the securities finance industry. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. DataLend, the securities finance market data division of EquiLend, provides highly cleansed and standardized securities finance data covering all asset classes, regions and markets globally.