EquiLend, a global leader in securities finance, has acquired Trading Apps, a technology provider specializing in front-office automation. This acquisition is part of EquiLend’s strategy to streamline the entire securities finance process, from trading to post-trade settlement.
Trading Apps offers a suite of modular solutions, including its Lender and Borrower Apps, which automate workflows to increase trading speed and efficiency. These tools help traders identify short positions, negotiate rates, and optimize returns while reducing manual tasks.
The deal also includes TA.Link, Trading Apps’ trade messaging service. This service will act as a resiliency solution for EquiLend’s NGT platform, operating independently to ensure stability and redundancy. The acquisition will enable EquiLend to offer clients flexible, standalone tools that can also be integrated with its existing services.
KEY QUOTES:
“This acquisition enhances our ability to deliver even greater value to our clients by accelerating automation across the EquiLend platform. 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. 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.”
Rich Grossi, CEO of EquiLend
“This marks an exciting evolution for our team. By becoming part of EquiLend, we’re bringing together complementary strengths and setting the stage for what the next generation of securities finance technology will look like.”
Matthew Harrison, CEO of Trading Apps
“The acquisition of Trading Apps significantly advances our strategy to deliver a unified, front-to-back platform for the securities finance industry. By combining EquiLend’s scale with Trading Apps’ strengths in workflow automation, we’re providing our clients a more intelligent, connected, and agile infrastructure solution.”
Nick Delikaris, Chief Product Officer at EquiLend
