Quadriserv launches b2b e-stock lending
08 September 2011 New York
Image: Shutterstock
Quadriserv has launched AQS Direct, a broker-to-broker electronic stock lending venue with central counterparty clearing.
“This expands the opportunities for automation, ETF activity, term trades, centralised financing and
other stock loan endeavors,” Quadriserv president and CEO Bruce Turner said.
AQS Direct will run parallel to the established AQS, the first CCP-based marketplace in the US for automated securities lending trading.
“Broker dealers asked us for an additional venue exclusive to OCC clearing member firms to meet
their specific needs, including high volume, large-ticket transactions on a platform that can provide
for bilateral customised trading,” said Quadriserv vice chairman Pat Cestaro.
“This expands the opportunities for automation, ETF activity, term trades, centralised financing and
other stock loan endeavors,” Quadriserv president and CEO Bruce Turner said.
AQS Direct will run parallel to the established AQS, the first CCP-based marketplace in the US for automated securities lending trading.
“Broker dealers asked us for an additional venue exclusive to OCC clearing member firms to meet
their specific needs, including high volume, large-ticket transactions on a platform that can provide
for bilateral customised trading,” said Quadriserv vice chairman Pat Cestaro.
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