EquiLend links to Eurex Clearing

Eurex Clearing says that EquiLend’s security lending platform is a new user of its Lending CCP (central counterparty). EquiLend, a global platform for trading and post-trade services, launched connectivity services today. It adds that this allows EquiLend’s customers to connect directly to the Lending CCP for novation and downstream processing of securities lending transactions.

Brian Lamb, CEO of EquiLend, said: “Driven by the need for further capital and cost efficiencies as well as the overall market environment, the securities finance industry realises more and more the benefits of a CCP model.”