EQUILEND ROLLS-OUT NEW TRADING AND OPERATIONAL SERVICE OFFERINGS
NEW YORK, March 1, 2005 - EquiLend, the global fixed income and equity securities lending platform today announced the launch of a new trading service and paperless billing service designed to improve its trading and operational functionality. These new services follow January's announcement of EquiLend's move to support the borrowing and lending of U.S. Treasury and Agency securities on the platform.
EquiLend’s new trading service, AutoBorrow ExpressSM is designed for use by firms with lower trading volumes that seek trading access to their counterparties through EquiLend’s AutoBorrow service. Operational enhancements further provide increased back-office efficiency for any size organization with a securities lending program, such as EquiLend’s new paperless billing delivery service, which allows EquiLend clients to send monthly electronic bills to each of their counterparties, eliminating the need to print and mail hard-copy statements, delivering efficiencies to both organizations.
"As use of the EquiLend platform grows, our clients continue to help us conceive, build and deliver services that help them realize efficiencies in their day-to-day operations," states Melissa Hodson, Director of Client Services at EquiLend. "These new enhancements are a result of true collaboration and will have an immediate positive impact on our clients’ businesses."
EquiLend separately announced that it has reached US$2 trillion in total value of transactions conducted through the platform since its launch in late June 2002.
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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