EquiLend has acquired Trading Apps, a front-office technology provider whose modular trading solutions and messaging services are used by several securities finance desks globally.
The acquisition brings into EquiLend’s portfolio a suite of tools aimed at automating front-office workflows across the securities finance ecosystem.
Among these are the Lender and Borrower Apps, which are designed to streamline trading activity, including the identification of short positions, rate negotiation, and execution.
The tools aim to reduce manual input, increase trade volume capacity, and provide more control over lending and borrowing decisions.
TA.Link, a trade messaging service developed by Trading Apps, is also part of the transaction. It will serve as the ‘resiliency solution’ for EquiLend’s Next Generation Trading (NGT) platform.
“This acquisition enhances our ability to deliver even greater value to our clients by accelerating automation across the EquiLend platform,” said Rich Grossi, chief executive of EquiLend.
“The Trading Apps team has built high-quality tools that help firms move faster and operate more efficiently. Integrating these capabilities into the EquiLend platform will provide our clients with a broader set of solutions to fit their securities finance needs.”
Grossi added: “We are excited to work with Matthew Harrison and the Trading Apps team to build on their strong foundation and drive the next wave of securities finance innovation together.”
TA.Link will continue operating independently with separate infrastructure, a design intended to ensure redundancy and maintain operational stability.
The acquired solutions can be used on a standalone basis or integrated with existing EquiLend services.