Northern Trust (NASDAQ: NTRS) announced today it has enhanced its Global Securities Lending capabilities with EquiLend’s Next Generation Trading platform. The addition of Next Generation Trading optimizes lending performance through increased customization and enhanced automation with borrowers.
Global Securities Lending is Northern Trust’s single, multi-currency system for managing the securities lending process. With the integration of Next Generation Trading, the availability of securities is communicated in real time and can be tailored to meet a borrower’s specific needs. Customizing inventory increases the efficiency of trading desks globally and allows traders to focus on value-added opportunities for clients. Next Generation Trading is currently live in Northern Trust’s 54 global fixed income and equity markets.
EquiLend is a securities lending technology and market data provider owned by a group of 10 leading financial institutions, including Northern Trust, whose goal is to connect borrowers and lenders through a common, standards-based global lending platform. This platform facilitates market liquidity through increased efficiency and speed, which ultimately reduces both cost and risk.
“Northern Trust consistently seeks ways to improve the service we provide to our clients,” said Jeff Benner, global head of trading at Northern Trust. “The integration of the Next Generation Trading platform helps strengthen our global infrastructure, assuring clients that our trading professionals can focus on optimizing the intrinsic value of their assets.”
“Northern Trust has been committed to EquiLend's Next Generation Trading platform from the planning stages through to the global rollout of the platform,” said Dow Veeranarong, Global Product Owner, EquiLend. “As firms such as Northern Trust migrate their securities finance trading activity to Next Generation Trading, they benefit from increased trade-level transparency and improved workflow automation while generating greater efficiencies for the market.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, and affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2016, Northern Trust had assets under custody of US$6.4 trillion, and assets under management of US$906 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
© 2016 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For legal and regulatory information about individual market offices, visit northerntrust.com/disclosures.