BNP PARIBAS SELECTS EQUILEND FOR SECURITIES LENDING TRADING AND OPERATIONS SERVICE
NEW YORK and PARIS, September 7, 2005 - BNP Paribas is pleased to announce it has selected EquiLend's trading and operations platform for its global securities lending business.
"Within Securities Services, we have focused recently on consolidating certain parts of our business processing whilst retaining our local trading presence in key markets. Participation in EquiLend will form an important part of that process," said Sarah Fotsch, Head of Global Liquidity Services at BNP Paribas Securities Services.
"Liquidity and transaction efficiency are key elements to the growth of our business particularly with respect to our customer driven flow offering." The EquiLend platform provides us with the necessary liquidity to hedge our derivative business and grow our customer offering on both sides of the financing equation", added Chris Nowell, a Director - at BNP Paribas Arbitrage. "EquiLend's automated trading solutions, combined with its platform depth will strongly assist us in achieving our mission.
"As one of France's largest financial institutions, the global positioning and reach of the BNP Paribas group of businesses will add tremendous value and additional international liquidity to the platform," said Sharon Walker, Managing Director, EquiLend Europe . "We expect that their decision to utilise EquiLend will not only help to streamline their business, but existing EquiLend participants will realise significant benefits as well."
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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