EquiLend partners with Stonewain 04 February 2019London Reporter: Jenna Lomax
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EquiLend has partnered with Stonewain to offer securities finance market participants the ability to manage their book of business on a single and integrated platform.
The solution, offered by EquiLend and leveraging Stonewain’s Spire system, will work alongside EquiLend’s suite of trading, post-trade and market data services, including next-generation trading.
The EquiLend Spire solution will allow firms to replace all or part of their legacy securities lending technology, allowing clients to consolidate disparate systems by adopting the full-service offering covering the front, middle and back office.
The new system allows users to process inventory management, cash and non-cash collateral, trade distribution through electronic trading algos and trading desk profit and losses, all with management and client reporting.
The combined offering can be utilised by agent lenders, prime brokers, retail brokers, beneficial owners and collateral managers.
Brian Lamb, CEO of EquiLend, said: “EquiLend’s full suite of services for securities finance market participants, now with streamlined connectivity to Stonewain’s Spire platform, offers clients an unprecedented ability to manage their entire business all in one central place.”
He added: “We look forward to working with Stonewain to offer clients an all-inclusive system for securities finance businesses.”
Armeet Sandhu, CEO of Stonewain Systems, commented: “Stonewain is pleased to be partnering with EquiLend to offer firms in the securities finance industry a powerful new way to manage their businesses.”
He added: “With the seamless integration of our modular and scalable securities finance platform Spire with EquiLend’s full suite of services, users can expect nimble, responsive and client-focused joint technology perfectly aligned with the industry’s evolving needs.”
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