Monetary know-how firm EquiLend has acquired front-office know-how supplier Buying and selling Apps in a transfer to develop its position in securities finance automation.
The acquisition is a part of EquiLend’s technique to reinforce front-office to post-trade operations by integrating extra automated options.
Buying and selling Apps has developed buying and selling instruments such because the Lender and Borrower Apps, which automate workflows and assist handle brief positions, negotiate charges, and optimise returns.
The monetary phrases of the acquisition haven’t been disclosed.
Buying and selling Apps CEO Matthew Harrison stated: “By changing into a part of EquiLend, we’re bringing collectively complementary strengths and setting the stage for what the following technology of securities finance know-how will appear like.”
Buying and selling Apps’ TA.Hyperlink messaging service will likely be built-in as a resilience resolution for EquiLend’s Subsequent Era Buying and selling (NGT) platform, however will function independently to keep up redundancy and stability. This transfer aligns with EquiLend’s goal to offer versatile instruments both independently or at the side of present providers.
EquiLend CEO Wealthy Grossi stated: “This acquisition enhances our skill to ship even better worth to our shoppers by accelerating automation throughout the EquiLend platform.
“The Buying and selling Apps staff has constructed high-quality instruments that assist corporations transfer sooner and function extra effectively. Integrating these capabilities into the EquiLend platform will present our shoppers with a broader set of options to suit their securities finance wants.”
EquiLend operates globally with workplaces in North America, Europe, the Center East, and Africa, and Asia-Pacific, offering buying and selling, post-trade, knowledge analytics, regulatory know-how, and platform options.
The acquisition is predicted to reinforce EquiLend’s skill to serve the securities finance business by enhancing commerce movement effectivity and decreasing guide processes.
In March 2025, EquiLend acquired a minority funding from an affiliate of Financial institution of New York Mellon (BNY).
BNY may even be a part of the preliminary customers of EquiLend’s 1Source platform, which is designed to supply a unified supply of reality for securities finance transactions.
1Source goals to enhance transparency and cut back inefficiencies utilizing good contracts and distributed ledger know-how.
