EQUILEND FURTHER EXPANDS ITS SERVICE INTO THE GLOBAL FIXED INCOME MARKET
NEW YORK, January 25, 2005 - EquiLend announced today its further expansion of its existing global securities lending platform to include support for trading and operations of U.S. Treasury and Agency securities.
Since the platform launched in 2002, clients have primarily been using EquiLend to conduct bilateral securities lending transactions in the global equities market. "Supporting Fixed Income, and specifically U.S. Treasuries, makes sense," said Dirk Pruis, President & CEO of EquiLend. "We, along with our clients, are finding a number of opportunities to leverage the platform and enhance its value by targeting the Fixed Income market."
"Our clients have made a significant commitment to EquiLend. Now it's our responsibility to make sure they maximize the benefits of their investment," says Pruis. "Whether that's increasing the number of counterparties on the platform, or leveraging the technology in other areas of their businesses, we'll do whatever it takes."
With a growing number of firms choosing EquiLend to automate their securities lending business, the decision to expand the support of corporate bonds to U.S. Treasuries and Agencies couldn't be better timed. "This truly makes EquiLend a full-service company, providing trading and operational services to both sides of our clients' business, " concludes Pruis. "Now, any firm that participates in securities lending can consider EquiLend."
EquiLend's clients include major U.S. and International firms.
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.
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