Anetics develops Twill platform to support pay-to-hold transactions
04 June 2013 Pittsfield
Image: Shutterstock
Securities lending technology provider Anetics has enhanced its Twill platform with a newly designed orders screen to support pay-to-hold transactions.
Twill is a platform for the automatic collation and sharing of securities needed to borrow and available for loan.
The new pay-to-hold enhancement provides support for those wishing to have an explicit unattended or negotiated hold on a security, complete with borrow terms, prior to short selling.
“This feature has been designed in response to both the desire for more automation and changes in global market short-sale regulations,” said a statement from Anetics.
Chelsea Potvin, business analyst at Anetics, explained: “This enhancement to the Twill platform is a natural extension of how we connect borrowers with lenders through automation. Driven by customer request, pay-to-hold terms can be negotiated, accepted and confirmed online.”
“Development of the first phase is now complete and testing is underway.”
The new orders screen also provides functionality for conventional borrows, loans and financing, offering a “convenient way to quickly negotiate and accept terms without having to call or email”, according to Anetics.
Twill is a platform for the automatic collation and sharing of securities needed to borrow and available for loan.
The new pay-to-hold enhancement provides support for those wishing to have an explicit unattended or negotiated hold on a security, complete with borrow terms, prior to short selling.
“This feature has been designed in response to both the desire for more automation and changes in global market short-sale regulations,” said a statement from Anetics.
Chelsea Potvin, business analyst at Anetics, explained: “This enhancement to the Twill platform is a natural extension of how we connect borrowers with lenders through automation. Driven by customer request, pay-to-hold terms can be negotiated, accepted and confirmed online.”
“Development of the first phase is now complete and testing is underway.”
The new orders screen also provides functionality for conventional borrows, loans and financing, offering a “convenient way to quickly negotiate and accept terms without having to call or email”, according to Anetics.
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