Exclusive: EquiLend’s NGT platform goes live
28 April 2015 New York
Image: Shutterstock
EquiLend successfully rolled out its Next Generation Trading (NGT) securities finance trading platform on 27 April, with clients from around the world already having executed trades.
NGT is a consolidated, multi-asset class trading platform for the securities finance marketplace that allows traders to conduct their entire trading workflow on a single screen.
Using existing trading venues and messaging capabilities, NGT increases trade-level transparency, improves workflow automation and generates efficiencies for the market, according to EquiLend.
EquiLend began building NGT in 2013 following demand from clients for a consolidated trading system that would enable increased executions, real-time bid/offer negotiation, a more dynamic workflow, and streamlined setup.
More than 28,000 trades are currently executed on EquiLend’s trading platform each business day. With the launch of NGT, EquiLend anticipates capturing a greater share of trades as institutions look for more efficiencies in their securities finance trading activities.
Brian Lamb, CEO of EquiLend, said: “NGT is the biggest initiative in the securities finance trading arena in years. We collaborated with clients on the ground across five continents to ensure the global securities finance industry would be prepared for a new trading dynamic focused on transparency and efficiency.”
“With NGT, traders around the globe can, for the first time, conduct their entire trading workflow all on one screen, from indications of interest with counterparties through to trade execution.”
Dow Veeranarong, product owner for EquiLend, added: “EquiLend’s partnership with our clients to build NGT is driven by their desire for increased efficiencies and executions across a wider range of securities. NGT provides the technology for our clients to change the way they do business.”
NGT is a consolidated, multi-asset class trading platform for the securities finance marketplace that allows traders to conduct their entire trading workflow on a single screen.
Using existing trading venues and messaging capabilities, NGT increases trade-level transparency, improves workflow automation and generates efficiencies for the market, according to EquiLend.
EquiLend began building NGT in 2013 following demand from clients for a consolidated trading system that would enable increased executions, real-time bid/offer negotiation, a more dynamic workflow, and streamlined setup.
More than 28,000 trades are currently executed on EquiLend’s trading platform each business day. With the launch of NGT, EquiLend anticipates capturing a greater share of trades as institutions look for more efficiencies in their securities finance trading activities.
Brian Lamb, CEO of EquiLend, said: “NGT is the biggest initiative in the securities finance trading arena in years. We collaborated with clients on the ground across five continents to ensure the global securities finance industry would be prepared for a new trading dynamic focused on transparency and efficiency.”
“With NGT, traders around the globe can, for the first time, conduct their entire trading workflow all on one screen, from indications of interest with counterparties through to trade execution.”
Dow Veeranarong, product owner for EquiLend, added: “EquiLend’s partnership with our clients to build NGT is driven by their desire for increased efficiencies and executions across a wider range of securities. NGT provides the technology for our clients to change the way they do business.”
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