EQUILEND'S NEW TRADING SERVICE, TRADE2O, GAINS MOMENTUM
New York, NY, 25 February 2008– EquiLend announced its newest trading service, Trade2O, is gaining significant momentum in US and Japanese markets. Many of EquiLend’s 47 client institutions now use Trade2O for their daily borrowing and lending needs, instead of using the telephone or other manual methods.
Trade2O provides a simple and fast way for traders to negotiate and agree trade terms for global Equities and Fixed Income securities, and to process them straight through to a proprietary system. “Trade2O is a new tool that is helping Northern Trust achieve its strategic goals of trade automation and efficiency. It is quickly becoming an integral part of our trading technology, allowing us to automate manual activities and leverage our existing straight through processing capabilities”, says Jeff Benner, Head of North American Trading of The Northern Trust Company.
“We are excited to give the market what it wants with Trade2O. We are committed to making Trade2O a mission critical part of a trader’s day, and intend to release additional trading screens in early April in response to client demand”, states Brian P. Lamb, CEO, EquiLend.
For further information, please contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
# # #
About EquiLend
EquiLend is a leading provider of trading services for the securities finance industry. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. 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. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.
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.
|
