EquiLend Acquires Trading Applications to Enhance Front Office Computation Automation
EquiLend, a leading global securities finance company, has announced the acquisition of Trading Apps to streamline the securities finance process by automating front-office workflows. This strategic move aims to provide traders with tools that increase trading speed, efficiency, and control over lending and borrowing decisions.
The acquisition combines EquiLend's scale with Trading Apps' strengths in workflow automation, offering clients a more intelligent, connected, and agile infrastructure solution. The deal includes Trading Apps' modular solutions, such as the Lender and Borrower Apps, which help identify short positions, negotiate rates, and execute trades faster while reducing manual tasks.
EquiLend's CEO, Rich Grossi, expressed his excitement about the evolution of the team due to the acquisition of Trading Apps. He stated that the acquisition will provide clients with a broader set of solutions to fit their securities finance needs. Nick Delikaris, Chief Product Officer at EquiLend, will oversee the integration of Trading Apps' tools into EquiLend's platform.
One of the main benefits offered to clients is the automation of front-office tasks, which accelerates trade flows and reduces errors. Clients will also enjoy greater control and flexibility over lending and borrowing decisions, as well as enhanced trade volume capacity, enabling them to handle more transactions efficiently.
The acquisition also includes TA.Link, Trading Apps' trade messaging service. This service will act as a resiliency solution for EquiLend's Next Generation Trading (NGT) platform, ensuring operational resilience and redundancy. Clients will have the option to use Trading Apps’ tools standalone or integrated within EquiLend’s broader securities finance ecosystem, allowing them to tailor the technology to their workflow needs.
Matthew Harrison, CEO of Trading Apps, stated that the acquisition significantly advances EquiLend's strategy to deliver a unified, front-to-back platform for the securities finance industry. The acquisition leverages complementary strengths to deliver a broader, more intelligent, and connected set of front-office automation solutions, driving innovation and operational efficiency across the securities finance lifecycle.
With this acquisition, EquiLend is one step closer to achieving a unified, front-to-back platform for the securities finance industry, improving connectivity, intelligence, and agility of infrastructure.
[1] EquiLend Press Release: https://www.equilend.com/news-and-events/press-releases/equilend-acquires-trading-apps/ [2] Trading Apps Website: https://www.tradingapps.com/ [3] Finextra: https://www.finextra.com/newsarticle/36633/equilend-acquires-trading-apps-to-streamline-securities-finance-process [4] Waters Technology: https://www.waterstechnology.com/regtech/news/equilend-acquires-trading-apps-to-streamline-securities-finance-process/2-3-06571-342288 [5] The Trade: https://www.thetradenews.com/equilend-acquires-trading-apps-for-securities-finance-automation/
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EquiLend's acquisition of Trading Apps will merge the industries of securities finance and technology, leveraging Trading Apps' strengths in workflow automation to finance solutions, creating a more intelligent, connected, and agile infrastructure. This integration will offer clients a broader set of technology-driven solutions to streamline their securities finance process and enhance trade volume capacity.
With the addition of Trading Apps' modular solutions like the Lender and Borrower Apps, EquiLend aims to provide traders with tools that increase trading speed, efficiency, and control over lending and borrowing decisions, while automating front-office tasks to drive innovation and operational efficiency across the securities finance lifecycle.
