Introduction: As one of the largest securities lenders in the world, Northern Trust has always promoted the use of technology to support and grow their business. EquiLend has been an essential component of Northern Trust’s lending activity, allowing them to maintain their reputation for automation, connectivity, and efficiency as well as increase the number of borrowers they transact with and markets they lend in. EquiLend also promotes volume growth, allowing traders to concentrate on high intrinsic value securities.
Solution: Northern Trust’s use of EquiLend’s AutoBorrow trading service has prompted an increase in general collateral volume in most of the major markets. It offers a standardized solution across all markets with all participating borrowers. By implementing EquiLend AutoBorrow, Northern Trust has significantly expanded the number of borrowers on their platform. Prior to joining EquiLend, Northern Trust was using AutoBorrow capabilities with 5 borrowers in 6 non-US markets…
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