TIMBER HILL BEGINS TRADING ON EQUILEND
NEW YORK, April 13, 2005 - EquiLend announced today that Timber Hill, a member of the Interactive Brokers Group, and a leading options market maker, is the most recent firm to choose and roll-out EquiLend's automated securities lending platform across its U.S. operation.
"Our initial goal with EquiLend is to continue to expand usage with our counterparty-base in the U.S., and then perhaps leverage EquiLend's functionality to our European business, which is based in Switzerland," states Bill Pepe, Stock Loan Manager from Timber Hill.
Dirk Pruis, President and CEO of EquiLend states, "Timber Hill is a welcome addition to the EquiLend roster. They provide specialization in an area that many of our clients are eager to explore. We are particularly pleased with how quick to market they were; integrating our full-service standards-based messaging platform in a matter of weeks."
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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