Boston, March 30, 2017 – Most lending involving general collateral is automated, yet chat, email, and voice continue to be the norm when transacting in hard-to-borrow securities. Soon-to-be-enacted regulations will raise the bar for firms engaged in securities lending while triparty agreements involving central counterparties will also necessitate connectivity and standardized communications. These factors are forcing firms around the world to rethink their current technology setup to rationalize legacy systems, cut costs, improve operational risk profiles, and gain a more holistic, real-time view into securities lending and securities finance activities from one application.
This report overviews the vendor landscape for securities lending solutions, explores buyer behavior, projects spending on securities lending solutions, and profiles eight securities lending vendors: Broadridge, EquiLend, FIS, Helix Financial Systems, IHS Markit, ION Trading, Stonewain, and Trading Apps. This report is the second in a series of three on securities lending—find the first here. It is based on Q4 2016 interviews with eight securities lending technology providers and interactive demonstrations of platform capabilities.
This 37-page Impact Report contains 23 figures and five tables. Clients of Aite Group’s Institutional Securities & Investments or Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions ABN Amro, Bank of America Merrill Lynch, Barclays Capital, BlackRock, Broadridge, Cantor Fitzgerald, Credit Suisse, EquiLend, Eurex, FIS, Goldman Sachs, Helix Financial Systems, IHS Markit, ION Trading, J.P. Morgan Chase, J.P. Morgan Clearing, Lombard Risk, Mizuho Securities (U.S.), Morgan Stanley, Northern Trust, Options Clearing Corporation (OCC), Pirum, Societe Generale, Softek, SS&C, State Street, Stonewain, SWIFT, The Depository Trust & Clearing Corporation (DTCC), Trading Apps, UBS, U.S. Bank, Wedbush Securities, and Wells Fargo.