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.
鈥淭his feature has been designed in response to both the desire for more automation and changes in global market short-sale regulations,鈥� said a statement from Anetics.
Chelsea Potvin, business analyst at Anetics, explained: 鈥淭his 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.鈥�
鈥淒evelopment of the first phase is now complete and testing is underway.鈥�
The new orders screen also provides functionality for conventional borrows, loans and financing, offering a 鈥渃onvenient way to quickly negotiate and accept terms without having to call or email鈥�, 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.
鈥淭his feature has been designed in response to both the desire for more automation and changes in global market short-sale regulations,鈥� said a statement from Anetics.
Chelsea Potvin, business analyst at Anetics, explained: 鈥淭his 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.鈥�
鈥淒evelopment of the first phase is now complete and testing is underway.鈥�
The new orders screen also provides functionality for conventional borrows, loans and financing, offering a 鈥渃onvenient way to quickly negotiate and accept terms without having to call or email鈥�, according to Anetics.
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