BONDLEND SEES RECORD FIXED INCOME SECURITIES FINANCE TRADING
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NEW YORK (September 5, 2013) — BondLend, the fixed income securities finance trading platform, experienced record trading by volume and value across June, July and August 2013.
A total of 172,100 fixed income trades were made via BondLend across the three months at a value of $316 billion.
That compares to 134,328 fixed income trades at a value of $188 billion in June, July and August 2012.
In the rolling 12 months to August 2013, a total of 601,778 trades at a value of $1.0 trillion had been made via BondLend, another record for the platform.
Brian Lamb, CEO of EquiLend, says: “BondLend continues to hit historic milestones as the client base continues to grow, particularly in Europe and the United States. I am very pleased with the progress our sales team continues to make and am particularly excited about the future prospects for BondLend’s growth into the U.S. Treasury and sovereign space.”
BondLend, launched in 2010, provides clients with a single point of access to the global securities financing community for the fixed income and repo markets, giving them greater liquidity, reduced risk and scalability with its trading and post-trade services. BondLend clients include more than 50 major, global players in the fixed income securities finance market.
EquiLend is a leading provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is backed by 10 global financial institutions: BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan Clearing, J.P. Morgan, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.
Used by securities borrowers and lenders globally, the EquiLend platform (for equities) and BondLend platform (for fixed income) automate formerly manual trading and post-trade processes in the securities finance industry. 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. DataLend, the securities finance market data division of EquiLend, provides highly cleansed and standardized securities finance data covering all asset classes, regions and markets globally.