EquiLend obtains trading applications
In a strategic move to further streamline the securities finance ecosystem, EquiLend, a leading provider of technology-enabled solutions, has acquired Trading Apps, a front-office technology provider renowned for its automation tools and modular trading solutions.
The acquisition aligns with EquiLend's strategy to automate workflows and maximize execution speed. Trading Apps offers a suite of innovative tools, including the Lender and Borrower Apps, which help with identifying short positions, negotiating rates, optimizing returns, and reducing manual workload, thereby increasing trade volume capacity.
Rich Grossi, CEO of EquiLend, stated that the acquisition will enable EquiLend to deliver greater value to clients by accelerating automation across its platform. He expressed confidence that the combination of EquiLend's scale with Trading Apps' strengths in workflow automation will provide clients a more intelligent, connected, and agile infrastructure solution.
Matthew Harrison, CEO of Trading Apps, expressed excitement about the evolution of their team following the acquisition. He believes that the integration of Trading Apps' capabilities into the EquiLend platform will provide clients with a broader set of solutions to fit their securities finance needs.
Nick Delikaris, Chief Product Officer at EquiLend, stated that the acquisition of Trading Apps significantly advances their strategy to deliver a unified, front-to-back platform for the securities finance industry. He highlighted that the acquisition is noteworthy as it brings together complementary strengths in the securities finance industry.
One of the key acquisitions is TA.Link, Trading Apps' trade messaging service, which will serve as the resiliency solution for EquiLend's NGT platform. TA.Link will operate independently, with no shared infrastructure or dependencies, to ensure redundancy and operational stability.
The acquisition of Trading Apps by EquiLend is anticipated to enhance the overall value delivered to clients by accelerating automation across the platform. By becoming part of EquiLend, Trading Apps will play a significant role in shaping the future of securities finance technology.
[1] Trading Apps [2] Wonder Trading [3] TrendSpider [4] TradingView
- This acquisition, which unites EquiLend with Trading Apps, signals a new chapter in the technology-driven evolution of the securities finance industry, aligning with the strategies of both companies that focus on automation, business optimization, and finance-related workflow efficiencies.
- The merger of EquiLend and Trading Apps will equip clients with a broadened set of technology tools from the finance industry, including the renowned modular trading solutions from Trading Apps like the Lender and Borrower Apps, and EquiLend's existing technology-enabled solutions, creating an intelligent, connected, and agile infrastructure solution for securities finance businesses.
