EQUILEND SEES Q1 USAGE OF SECURITIES FINANCE PLATFORM HIT ALL TIME HIGH IN DAILY TRADE VALUE
NEW YORK, 14 May 2007 — EquiLend reported today record growth in trade volumes, resulting from a highly successful first quarter. Transaction value and operations services usage increased due to firms leveraging automation and scalability provided by the EquiLend platform.
"Comparing Q1 of 2007 to the same period last year, we have experienced an overall increase in daily trade value of 30%, demonstrating that EquiLend remains a leader and innovator in the securities finance business," states Brian P. Lamb, CEO of EquiLend, based in New York. “EquiLend clients continue to expand their usage of trading services in international markets. With non-US equities alone, transaction values have increased 84%. Also, since the re-launch of contract comparison in May of last year, the number of contracts compared has increased by 70%."*
Anthony Schiavo, Chairman of the EquiLend Board and Managing Director in Morgan Stanley's Equity Securities Lending business adds, "It is no surprise to see an amplified use of the EquiLend platform which offers valuable economies of scale to its users."
Lamb declares, "Firms are truly excited about EquiLend's value proposition which strongly positions us for continued growth within our client base and beyond."
*Figures are as of April 01, 2007
For further information, contact:
US/UK Press 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 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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