NEXT GENERATION TRADING



Next Generation Trading (NGT) is a collaborative effort between EquiLend and its clients to deliver a consolidated, multi-asset class trading platform for the securities finance marketplace. Leveraging EquiLend’s existing trading venues and messaging capabilities, NGT will increase trade-level transparency, improve workflow automation and generate greater efficiencies for the market.

EquiLend has instituted a policy to purge (deactivate) unused schedules from the AutoBorrow platform. Unused AutoBorrow schedules are defined as schedules with an “active” status but have not been used for AutoBorrow activity for 6 months or greater.

Purging unused AutoBorrow schedules will serve two purposes. It will help the transition from existing AutoBorrow to the new NGT service by streamlining the number of AutoBorrow schedules that borrowers and lenders maintain. It will also facilitate our operational efficiencies in processing AutoBorrow orders for backward compatibility processes while clients are at different points in their adoption of the NGT messaging.

EquiLend will begin purging unused AutoBorrow schedules on April 1, 2015 and will continuously purge unused AutoBorrow schedules on the 1st business day of each month.

EquiLend will send out a reminder email before each purge date.

Please feel free to contact us if you have any questions.

 


HOW DOES NGT DIFFER FROM EQUILEND'S EXISTING SERVICES


STRATEGIC FEATURES

  • Dynamic screen-based trading venue to manage securities financing activity and increase executions
  • Ease of integration leveraging EquiLend’s existing infrastructure
  • Increase automation of manual processes
  • Streamline static data setup and maintenance
  • Refined Availability capabilities
  • Real-time bid/offer negotiation tool
  • Migration away from traditional AutoBorrow schedules
  • Supports traditional borrow-to-lender trade flows as well as broker-to-broker activity
  • Support from EquiLend ownership and market constituents

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CONTACT & SUPPORT

Client Relationship Management
& Sales Team

To speak to us about any business related inquiry please contact us on the following number or email:

Client Services Team

To speak to us about any development or support issues please contact us at the following number or email:


NGT In The Media

Ushering in the next generation of securities finance automation

When the industry talks, we listen. When EquiLend heard from clients that there was room for further consolidation of its trading services, we heard the call.

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