EQUILEND OBTAINS REGULATORY APPROVAL AS AN ALTERNATIVE TRADING SYSTEM IN ONTARIO
New York, NY, 28 September 2009 – EquiLend is pleased to announce that they have obtained regulatory approval as an alternative trading system (ATS) in Ontario, Canada. The approval by the Ontario Securities Commission and the Investment Industry Regulatory Organization of Canada allows EquiLend to offer trading services to clients in the province.
“Since opening our office in Toronto, there has been strong interest in our trading suite. Canada is a strategically important market for us and has seen tremendous growth over the past five years. We look forward to delivering our trading services to the Canadian securities lending market” states Brian Lamb, CEO of EquiLend.
“This is long anticipated and exciting news for our clients. EquiLend trading services are the next step towards realizing increased efficiencies, automation and cost benefit to the Canadian securities lending market,” says Alexa Lemstra, Vice President, Business Development, EquiLend Canada Inc.
In addition to comparison and reconciliation services, EquiLend now offers AutoBorrow, Trade2O, Trade2O Baskets, Equity for Equity and AuctionPort in
Ontario.
For further information, contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
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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.
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