EquiLend Securities Finance Trading Platform NGT Goes Live
Platform looks to capitalize on demand for efficiencies in securities finance trading activities.
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EquiLend says the NGT platform was developed in response to demand from buy-side firms for a consolidated platform that would increase executions, real-time bid/offer negotiation, and optimize workflow automation.
The platform captures trade conversation between counterparties, whether machine-to-machine, person-to-person, machine-to-person or person-to-machine. NGT is already in use by clients to execute trades and experiences over 28,000 trades per day, according to EquiLend.
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