EQUILEND EXPANDS ITS TRADING PLATFORM WITH PORTFOLIO AUCTION CAPABILITY
ROBECO CONDUCTS SUCCESSFUL AUCTION OF TAIWANESE STOCKS
NEW YORK, June 15, 2005 - EquiLend, the global equity and fixed income securities lending platform announced the expansion of their core trading platform to include portfolio auction capability.
EquiLend AuctionPort provides the ability for lenders to host and conduct blind and open auctions of portfolios on behalf of their clients.
"EquiLend AuctionPort provides another route to market and distribution model for our clients," Dirk Pruis, President and CEO states. "Many of our clients view auction capability as a platform "must-have." As with most functions, this view is driven by the needs of the lender's clients who are looking at exclusive auctions as another route to market. The fact that we are now providing this service to our existing lender clients at no additional fee also makes EquiLend AuctionPort a value-added service."
"The service is extremely flexible. It allows a lender to invite any bidder to participate, be they an existing EquiLend user or not," Melissa Hodson, Director of Clients Services of EquiLend says. "AuctionPort also provides lenders the flexibility to allow their clients access to watch the auction process directly."
This week, Rotterdam-based, Robeco successfully conducted an open auction of a portfolio of Taiwanese securities using EquiLend AuctionPort.
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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