Trading
NGT delivers front-office execution and high STP rates across 30+ markets, with IOI driven inventory distribution. ECS Loan Market adds CCP-cleared execution for agent lenders seeking capital-efficient bilateral alternatives.
Run a Best-in-Class Agency Lending Business
Agent lenders run global programs against tighter settlement windows, growing client mandates, and rising regulatory load. Equilend supports agent lenders across our four solution verticals (Trading, Workflow Automation, Data & Insights, and Digital). From pre-trade inventory distribution through execution and post-trade lifecycle management, Equilend connects each stage of the securities finance workflow. As the hub connecting 145+ firms globally, Equilend brings market-wide visibility that simplifies regulatory reporting and sharpens data-driven decision making.
Four pressures define how agent lenders operate today: Scaling without increasing risk, optimizing pricing and market share, managing compressed settlement timelines, and modernizing aging infrastructure.
Challenge 1
Scaling securities lending programs without increasing operational risk
Growth that outpaces headcount
Client mandates and trade volumes keep growing, but operations headcount doesn't. Every manual touchpoint is a break waiting to happen.
Manual touchpoints carry risk
Recalls, returns, and reconciliation still run on email and spreadsheets in many programs. Every manual step is a chance for a break, a missed deadline, or a costly error.
Disconnected lifecycle systems
Trading, post-trade, collateral, and settlement often sit in separate systems. Agent lenders need these stages to connect so data moves cleanly and teams stop rekeying the same trade.
Challenge 2
Optimizing pricing, market share, and beneficial owner performance
Pricing inventory with confidence
Market conditions and borrowing demand can shift quickly. Agent lenders need security-level rate, utilization, and fee-band data to identify underpriced loans, support rerate decisions, and capture additional revenue.
Understanding market share
Program leaders need visibility into trading activity relative to peers. Market share analysis by security, sector, market, and counterparty helps identify where the lending program is outperforming and where opportunities may be going elsewhere.
Proving program performance
Beneficial owners want evidence that their assets are being utilized and priced competitively. Agent lenders need consistent peer benchmarks, utilization analysis, and performance reporting to support client reviews and explain results clearly.
Challenge 3
Shortening operational processing windows in a T+1 environment
Less time to settle
T+1 settlement leaves no room for position breaks, mismatched SSIs, or late recalls. Settlement fails, and penalties and cost follow
Breaks and penalty exposure
Mismatched trade details and incorrect SSIs cause failures that carry penalties and potentially buy-ins. Agent lenders need to catch discrepancies before settlement while there is still time to correct them.
Fragmented manual processes
Chasing settlement status by email across many counterparties does not scale at T+1. Agent lenders need a shared, real-time view, so both sides work from the same data.
Challenge 4
Modernizing legacy infrastructure while preparing for future growth
Aging core platforms
Legacy platforms and disconnected systems raise costs, slow onboarding, and make every new product or market a build project.
Slow to launch and onboard
Disconnected systems turn every new product, market, or client into a project. Agent lenders need infrastructure that lets them add capabilities and onboard clients without a long build each time.
Cost that limits growth
Maintaining fragmented legacy stacks ties up budget and people. Agent lenders need to lower that overhead so they can put resources toward growth and new client demand.
How Equilend helps
Equilend connects agent lending processes across four solution areas: Trading, Workflow Automation, Data & Insights, and Digital. Each one integrates so that trading activity, lifecycle events, market data, and counterparty agreements stay aligned.
Workflow Automation
End-to-end lifecycle automation across Front Office Automation (Autolend, Push Lists, Rate Optimizer), Spire books-and-records infrastructure, and Post-Trade and Regulatory workflows (e.g. Returns, Recalls, Mark-to-Market, ALD, Onboarding, SFTR).
Data & Insights
Equilend Data & Insights covers $52T+ lendable across 50+ global markets. Agent lenders use it to benchmark performance, analyze utilization, price loans, and give beneficial owners peer-level transparency.
Digital
1Source centralizes agreement and relationship data into a single source of truth across counterparties, reducing friction across trading and post-trade with a shared view of reconciled data.
The Scale behind the Equilend
Powering the global securities lending market
145+
Firms connected to NGT globally
$230B
Daily average notional
$52T+
Lendable assets
Insights
Trading August 13, 2026
Monthly Securities Finance Market Review: July 2026
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his July securities finance market review, highlighting record platform activity, strong fixed income growth, and sustained global demand for hard-to-borrow securities.
Data & Insights July 21, 2026
2026: The AI Trade Grows Up
Six months ago, we wrote about how AI-linked equities had redefined the securities lending landscape in 2025, a year shaped by speculative positioning, breakout IPOs, and the kind of volatility that provides opportunity for the market.
Data & Insights July 21, 2026
H1 2026 Securities Lending Market Review: Geopolitical Volatility Drives a Record $9.1 Billion in H1 2026
The global securities lending industry just wrapped up its strongest first half on record.
Modernize and scale your agent lending business
See how Trading, Workflow Automation, Data & Insights, and Digital fit together for your agent lending program. We will tailor the demo to your inventory, your counterparties, and your post-trade environment.
Frequently asked questions
What does Equilend offer agent lenders?
Equilend gives agent lenders four solution areas. Trading (NGT and ECS Loan Market) handles inventory distribution, and execution. Workflow Automation covers Post-Trade & Regulatory reporting (Unified Comparison, Dividend Comparison, Billing Comparison, Mark-to-Market, Returns, Recalls, Settlement Monitor, SSI Repository, Exposure Management, SFTR, ALD, 10c-1a, and Onboard+), Front Office Automation (Autolend, SmartBorrow, Rate Optimizer, Push Lists, Pricing Engine), and Spire for front-to-back infrastructure. Data & Insights (Datalend, Client Performance Reporting, Real-Time Trading Anaytics) provides benchmarking and market intelligence. Digital (1Source) eliminates reconciliation by standardizing agreement data across counterparties.
How does Equilend help agent lenders improve operational efficiency?
Equilend automates the securities finance lifecycle across trading, post-trade, collateral, and settlement. Agent lenders run high STP rates on NGT, automate recalls and returns through Workflow Automation, and reconcile millions of trades a day across counterparties. The result is programs that scale, supporting more lending activity, more counterparties, and more complex products without a proportional increase in operational headcount or risk.
How can agent lenders use Equilend to support beneficial owner transparency and reporting?
Equilend covers $52T+ in lendable assets across 50+ global markets. Agent lenders use it to benchmark portfolios against peers, track utilization by sector and region, and give beneficial owners specific evidence of how their program is performing against the market.
How does Equilend support agent lenders in a T+1 settlement environment?
Post-Trade & Regulatory solutions offer several products to help automate manual processes and reduce settlement breaks, for example Recalls, Returns, Settlement Monitor, SSI Repository, Exposure Management, and Unified Comparison, with available real-time intraday reconciliation. Counterparties see the same data at the same time, which cuts settlement fails and penalty exposure in a T+1 environment.
Can agent lenders modernize legacy infrastructure with Equilend?
Yes. Spire is a modular securities finance platform that connects trading, books and records, lifecycle management, billing and collateral workflows in one system. Agent lenders replacing fragmented or legacy infrastructure run Spire alongside Equilend Trading, Workflow Automation, and Data & Insights, with Fully Paid Lending available for retail-facing programs.
Connecting
Securities Finance
Stay ahead in securities finance with expert insights, market trends, and timely updates.