EquiLend Partners With Stonewain to Offer Securities Finance Platform

EquiLend has partnered with Stonewain to offer securities finance market participants around the globe the ability to manage their book of business on a single, comprehensive and integrated platform.

The solution—offered by EquiLend and leveraging Stonewain’s Spire system—will tie in with EquiLend’s suite of trading, post-trade and market data services, including NGT, a trading platform in the securities finance industry.

The EquiLend Spire solution will allow firms to replace all or part of their legacy securities lending technology.

Clients can consolidate disparate systems by adopting the comprehensive, full-service offering covering the front, middle and back office. Or, they can choose one or more modules that complement and are interoperable with their existing technology. The platform streamlines the management of a firm’s operation with a bird’s eye view of their entire business.

The new system allows users to efficiently process inventory management, cash and non-cash collateral, trade distribution through electronic trading algos and trading desk P&Ls—all with enhanced management and client reporting.

The combined offering is a state-of-the-art platform and technology-driven hub for securities finance firms of all types, including agent lenders, prime brokers, retail brokers, beneficial owners and collateral managers.

Brian Lamb, CEO of EquiLend, says: “EquiLend’s full suite of services for securities finance market participants, now with streamlined connectivity to Stonewain’s Spire platform, offers clients an unprecedented ability to manage their entire business all in one central place. We look forward to working with Stonewain to offer clients an all-inclusive system for securities finance businesses.”

Armeet Sandhu, CEO of Stonewain Systems, says: “Stonewain is pleased to be partnering with EquiLend to offer firms in the securities finance industry a powerful new way to manage their businesses. With the seamless integration of our modular and scalable securities finance platform Spire with EquiLend’s full suite of services, users can expect nimble, responsive and client-focused joint technology perfectly aligned with the industry’s evolving needs.”