Equilend connects repo and securities finance desks to electronic execution, market data, shared trade records, and regulatory reporting on one platform. Trade repo on NGT, benchmark market activity and financing conditions with trusted data, keep books and records in sync with your counterparties, and streamline post-trade reporting. From negotiation through settlement, your repo desk runs in one place.
Challenge 1
Limited counterparty reach
Bilateral channels cap your liquidity access. You see only the counterparties you already deal with.
Manual execution loses time when rates move
Voice and email slow every trade. In repo, seconds matter.
Rekeying errors create reconciliation work
Manual bookings across channels produce mismatches. Resolving them pulls operations away from the desk.
Challenge 2
No single view of the book
Inventory, billing, and cash positions in separate systems leave your real-time picture incomplete.
Cash reinvestment is hard to manage at pace
Overnight, term, repo, and reverse repo positions change throughout the day. Manual processes can't keep up.
Reconciliation replaces trading time
When systems don't connect, operations teams spend the day closing gaps.
Challenge 3
Separate records create breaks
Two counterparties, two sets of records. Every divergence becomes a break to resolve.
Fails carry real costs
Failing trades tie up capital, create additional charges, and increase operational risk. Under T+1, there’s far less time to resolve them.
Breaks compound across the lifecycle
A mismatch at trade booking can cascade through marks, recalls, and settlement.
Challenge 4
Manual document exchange delays onboarding
Legal, operational, and due diligence information is often exchanged through email and spreadsheets, creating unnecessary administrative effort and slowing onboarding.
Repeate requests create friction
The same information is requested by multiple counterparties, increasing duplication, extending onboarding timelines, and making it harder to keep records current.
Delayed onboarding limits trading opportunities
Until onboarding is complete, firms cannot efficiently establish new repo relationships or access additional liquidity, slowing business growth.
Equilend's four solution verticals cover the full scope of repo and securities finance: electronic trading, post-trade lifecycle management, market intelligence and analytics, and digital ledger infrastructure.
Equilend's Trading vertical covers multi-asset electronic execution across stock loan, fixed income, and repo, with 145+ firms connected daily across 30+ markets. Trade bilaterally, through central clearing, or via TRS, with full automation from negotiation to booking. The platform averages $230B in daily notional and is T+1 ready.
Spire supports repo by providing a unified platform to book, manage, optimize, and settle repo transactions across the full trade lifecycle. It automates trade capture, collateral allocation, lifecycle events, settlement, exposure monitoring, and regulatory reporting, while integrating with trading venues, custodians, tri-party agents, and internal systems to streamline repo operations and reduce operational risk.
Equilend's Data & Insights vertical gives repo and securities finance desks access to global market data, analytics, and real-time benchmarks. The data covers securities finance activity across markets, with API access and customizable data feeds to inform execution and inventory decisions.
145+
Firms trading on NGT daily
$230B
Daily average Notional
$4.6T
On-loan
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.
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See how Equilend supports repo across trading, books and records, reconciliation, and reporting with a demo built around your desk.
Yes. Equilend NGT is a multi-asset electronic trading platform that covers stock loan, fixed income, and repo. Repo and reverse repo desks can negotiate and book trades on screen or through automated messaging for straight-through processing, with access to 145+ firms across 50+ markets.
Settlement fails in repo often start with mismatched trade records between counterparties. Equilend's Post-Trade & Regulatory solutions catch pre-settlement mismatches before they become fails. This matters most under T+1, where firms have far less time to resolve failing trades.
Yes. Spire is Equilend's front-to-back repo platform, designed to manage repo books and records while supporting cash reinvestment as part of the full trade lifecycle. It centralizes trade capture, collateral management, accounting, settlement, lifecycle events, exposure monitoring, and reporting in a single platform, giving firms a complete and auditable record of repo activity. Spire also supports the management of cash collateral and reinvestment workflows, helping firms streamline funding operations, improve operational efficiency, and reduce risk across their repo business.
Yes. Equilend's trading and post-trade products are T+1 ready, and the firm offers a dedicated T+1 toolset as Europe moves to T+1 standard settlement in October 2027. These tools automate the recall, return, settlement monitoring, and SSI workflows that are hard to complete manually in a shortened cycle.
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