EquiLend partners with Stonewain
04 February 2019 London
Image: Shutterstock
EquiLend has partnered with Stonewain to offer securities finance market participants the ability to manage their book of business on a single and integrated platform.
The solution, offered by EquiLend and leveraging Stonewain鈥檚 Spire system, will work alongside EquiLend鈥檚 suite of trading, post-trade and market data services, including next-generation trading.
The EquiLend Spire solution will allow firms to replace all or part of their legacy securities lending technology, allowing clients to consolidate disparate systems by adopting the full-service offering covering the front, middle and back office.
The new system allows users to process inventory management, cash and non-cash collateral, trade distribution through electronic trading algos and trading desk profit and losses, all with management and client reporting.
The combined offering can be utilised by agent lenders, prime brokers, retail brokers, beneficial owners and collateral managers.
Brian Lamb, CEO of EquiLend, said: 鈥淓quiLend鈥檚 full suite of services for securities finance market participants, now with streamlined connectivity to Stonewain鈥檚 Spire platform, offers clients an unprecedented ability to manage their entire business all in one central place.鈥�
He added: 鈥淲e look forward to working with Stonewain to offer clients an all-inclusive system for securities finance businesses.鈥�
Armeet Sandhu, CEO of Stonewain Systems, commented: 鈥淪tonewain is pleased to be partnering with EquiLend to offer firms in the securities finance industry a powerful new way to manage their businesses.鈥�
He added: 鈥淲ith the seamless integration of our modular and scalable securities finance platform Spire with EquiLend鈥檚 full suite of services, users can expect nimble, responsive and client-focused joint technology perfectly aligned with the industry鈥檚 evolving needs.鈥�
The solution, offered by EquiLend and leveraging Stonewain鈥檚 Spire system, will work alongside EquiLend鈥檚 suite of trading, post-trade and market data services, including next-generation trading.
The EquiLend Spire solution will allow firms to replace all or part of their legacy securities lending technology, allowing clients to consolidate disparate systems by adopting the full-service offering covering the front, middle and back office.
The new system allows users to process inventory management, cash and non-cash collateral, trade distribution through electronic trading algos and trading desk profit and losses, all with management and client reporting.
The combined offering can be utilised by agent lenders, prime brokers, retail brokers, beneficial owners and collateral managers.
Brian Lamb, CEO of EquiLend, said: 鈥淓quiLend鈥檚 full suite of services for securities finance market participants, now with streamlined connectivity to Stonewain鈥檚 Spire platform, offers clients an unprecedented ability to manage their entire business all in one central place.鈥�
He added: 鈥淲e look forward to working with Stonewain to offer clients an all-inclusive system for securities finance businesses.鈥�
Armeet Sandhu, CEO of Stonewain Systems, commented: 鈥淪tonewain is pleased to be partnering with EquiLend to offer firms in the securities finance industry a powerful new way to manage their businesses.鈥�
He added: 鈥淲ith the seamless integration of our modular and scalable securities finance platform Spire with EquiLend鈥檚 full suite of services, users can expect nimble, responsive and client-focused joint technology perfectly aligned with the industry鈥檚 evolving needs.鈥�
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