EQUILEND OFFERS HOLD SERVICE AS AN ALTERNATIVE TO PRE-BORROWING SECURITIES
New York, NY, 1 December 2008 –EquiLend announced today that their securities finance technology platform offers Hold functionality for securities. This service has been in place since platform inception in 2002 and is available immediately.
“Considering recent regulatory developments, we want to emphasize that EquiLend’s platform provides services that enable users to easily align their business practices with market changes,” states Brian Lamb, CEO of EquiLend. He adds, “Our Hold functionality allows users to reserve securities that they may borrow at a later date. This service may be quite useful as market practices continue to be defined.”
For further information, 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 FINRA 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.
|
