EquiLend Launches Securities Finance Trading Platform In Australia
The platform went live for trading among domestic firms on October 8. Trades between Australian entities were executed on the platform from the first day of trading.
Australian securities historically have been traded on the EquiLend and BondLend platform via offshore entities. Post-trade services provided by EquiLend and BondLend were already utilized by domestic Australian market participants.
Brian Lamb, CEO of EquiLend, says: “We are pleased to be able to offer our trading services to domestic firms in Australia, who now have access to the efficiencies and automation EquiLend brings to securities finance market participants around the globe.”
Due to the market’s size and maturity, EquiLend anticipates Australia being one of the most active markets on its platform in the Asia-Pacific region.