Financial service provider EquiLend seizes control over trading applications
EquiLend, a leading provider of technology-enabled services for the securities finance industry, has announced the acquisition of Trading Apps, a front-office technology provider known for its automation tools and modular trading solutions. This strategic move is set to shape the next generation of securities finance technology.
The acquisition brings together complementary strengths. Trading Apps offers a suite of innovative tools that enhance trading efficiency and automation across the securities finance ecosystem. These tools, specifically, provide advanced front-office automation and modular trading solutions that significantly enhance efficiency, speed, and control in securities finance trading workflows.
Automation of Front-Office Workflows
One of the key benefits of the acquisition is the automation of front-office workflows. This automation enables firms to move faster, reduce manual workload, and increase capacity for trade volume. The automation accelerates trade flows and enhances operational efficiency.
Lender and Borrower Apps
Trading Apps' flagship tools, the Lender and Borrower Apps, help users identify short positions, negotiate rates, optimize returns, and gain more control over lending and borrowing decisions. These tools contribute to maximized execution speed and trading efficiency.
TA.Link Trade Messaging Service
Another significant aspect of the acquisition is TA.Link, Trading Apps’ trade messaging service. This resilient messaging platform now supports EquiLend’s NGT post-trade platform, enhancing operational stability and integration across the securities finance ecosystem.
A More Intelligent, Connected, and Agile Infrastructure Solution
The modularity of these solutions allows them to be used either independently or fully integrated within existing EquiLend services, supporting flexible adoption tailored to client needs. The acquisition supports EquiLend’s strategy to offer a unified, front-to-back securities finance platform with intelligent, connected, and agile infrastructure by embedding automation and flexibility at every stage from front-office through post-trade processes.
The Future of Securities Finance Technology
Matthew Harrison, CEO of Trading Apps, expressed excitement about the evolution of their team with the acquisition by EquiLend. Rich Grossi, CEO of EquiLend, stated that the acquisition will enhance their ability to deliver greater value to clients by accelerating automation across the EquiLend platform. Nick Delikaris, Chief Product Officer at EquiLend, stated that the acquisition significantly advances their strategy to deliver a unified, front-to-back platform for the securities finance industry.
The service will continue to operate independently, with no shared infrastructure or dependencies. The acquisition of Trading Apps by EquiLend is expected to result in a more intelligent, connected, and agile infrastructure solution for clients in the securities finance industry.
[1] EquiLend Press Release [2] Trading Apps Press Release [3] Financial News Article [4] The Trade News Article
- The integration of Trading Apps' technology, renowned for its automation tools and modular trading solutions, into EquiLend's platform is expected to accelerate automation across their securities finance services, creating a more efficient and connected infrastructure solution.
- The acquisition of Trading Apps by EquiLend encompasses access to advanced front-office automation and modular trading solutions, such as the Lender and Borrower Apps, which can significantly enhance efficiency, speed, and control in securities finance trading workflows.
