EquiLend goes live on Eurex's Lending CCP
04 April 2016 Frankfurt
Image: Shutterstock
EquiLend鈥檚 link to Eurex Clearing鈥檚 Lending Central Counterparty (CCP) goes live today.
EquiLend, a global platform for trading and post-trade services, will use the CCP for loans in equities and exchange-traded funds in Europe as well as fixed income securities.
According to Eurex Clearing, EquiLend customers that connect directly to Eurex鈥檚 Lending CCP will benefit from a significant reduction in capital allocation costs.
As the newest Eurex CCP user, EquiLend joins the likes of BNY Mellon, State Street, Natixis, Societe Generale and Morgan Stanley.
Brian Lamb, CEO of EquiLend, said: 鈥淲e are pleased that our participants from the buy and sell sides will be utilising our connectivity to Eurex Clearing鈥檚 Lending CCP as an additional tool in their trading activity.鈥�
鈥淒riven by the need for further capital and cost efficiencies as well as the overall market environment, the securities finance industry realises more and more the benefits of a CCP model.鈥�
Marcel Naas, global head of sales funding and financing for trading and clearing at Eurex, added: 鈥淲e are very pleased to work with EquiLend in our effort to further broaden the reach our offering for the securities lending market.鈥�
EquiLend, a global platform for trading and post-trade services, will use the CCP for loans in equities and exchange-traded funds in Europe as well as fixed income securities.
According to Eurex Clearing, EquiLend customers that connect directly to Eurex鈥檚 Lending CCP will benefit from a significant reduction in capital allocation costs.
As the newest Eurex CCP user, EquiLend joins the likes of BNY Mellon, State Street, Natixis, Societe Generale and Morgan Stanley.
Brian Lamb, CEO of EquiLend, said: 鈥淲e are pleased that our participants from the buy and sell sides will be utilising our connectivity to Eurex Clearing鈥檚 Lending CCP as an additional tool in their trading activity.鈥�
鈥淒riven by the need for further capital and cost efficiencies as well as the overall market environment, the securities finance industry realises more and more the benefits of a CCP model.鈥�
Marcel Naas, global head of sales funding and financing for trading and clearing at Eurex, added: 鈥淲e are very pleased to work with EquiLend in our effort to further broaden the reach our offering for the securities lending market.鈥�
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