EquiLend has partnered with Stonewain to provide equity financing market participants the ability to manage their volume of business on a single, integrated platform.
The solution, offered by EquiLend and leveraging Stonewain’s Spire system, will work with EquiLend’s suite of trading, post-trade and market data services, including next-generation trading.
The EquiLend Spire solution will enable companies to replace all or part of their legacy securities lending technology, enabling clients to consolidate disparate systems by adopting the full service offering spanning the front, middle and back office.
The new system allows users to process inventory management, cash and non-cash collateral, trade distribution via electronic trading algorithms, and trading desk profit and loss, all with management and reporting customer.
The bundle can be used by agent lenders, prime brokers, retail brokers, beneficial owners and collateral managers.
Brian Lamb, CEO of EquiLend, said: “EquiLend’s comprehensive suite of services for securities financing market participants, now with streamlined connectivity to Stonewain’s Spire platform, provides clients with a unprecedented ability to manage all of their activities in one place. “
He added, “We look forward to working with Stonewain to provide clients with a complete system for securities finance businesses. “
Armeet Sandhu, CEO of Stonewain Systems, said, “Stonewain is delighted to partner with EquiLend to provide securities finance companies with a powerful new way to manage their businesses.
He added, “With the seamless integration of our modular and scalable Spire securities financing platform with EquiLend’s full suite of services, users can expect agile, responsive and customer-centric joint technology, perfectly aligned with the evolving needs of the industry. “
