Securities Lending is Getting Harder to Trade, Settle, and Report

Equilend connects securities lending trading, post-trade processing, regulatory reporting, and market data on one platform used across the securities finance market. More than 145+ firms trade on NGT each day, while our Post-Trade suite processes $4.1 trillion in transactions daily. Whether you lend, borrow, or do both, you work from a single source of activity and data.

The pressures securities lending teams face across trading, settlement, data, and regulation. 

Challenge 1


Liquidity and counterparties are spread across too many venues and channels

Fragmented liquidity limits utilization 

Voice and email channels keep supply and demand siloed. You can't trade what you can't see. 

Manual booking adds errors at scale 

Hand-keyed trades slow execution and introduce risk. High-volume desks feel this first. 

Growth requires more headcount 

On a voice-driven desk, scaling volume means hiring. Electronic trading changes that ratio. 

Challenge 2


The global move towards T+1 settlement is shrinking operational processing windows and creating a higher risk of fails and penalties if processes are not automated

Batch processing misses breaks 

End-of-day reconciliation leaves too little time to catch and resolve breaks before cut-off deadlines. 

Recalls and returns move too slowly 

Email-driven initiation delays everything. In a T+1 cycle, hours cost money. 

Unresolved fails trigger penalties 

CSDR fines accumulate on settlement failures. Earlier visibility prevents most of them. 

Challenge 3


Decisions get made on limited and often stale data  

No complete picture of securities finance exists

Exchange data is lagged and does not capture rates, liquidity and supply 

Rate benchmarks lag execution 

Pricing on yesterday's data means counterparties have an edge. 

Real-time demand signals are invisible 

Without live transaction flow, you can't see where the market is actually moving. 

Challenge 4


Slow beneficial owner onboarding delays access to new liquidity 

Manual onboarding takes too long

KYC, credit, legal, and operational approvals often move through separate teams and disconnected channels, slowing the launch of new beneficial owner relationships.

Limited visibility makes prioritization difficult 

Without a centralized view of fund status, teams spend time chasing updates and struggle to identify which approvals will unlock the most valuable supply.

Repeated information requests create friction 

Sensitive onboarding information and supporting documents are often requested multiple times across counterparties, increasing manual effort and delaying decisions.

How Equilend helps

Equilend supports securities lending across four solutions verticals: Trading, Workflow Automation, Data and Insights, and Digital. Together they cover every phase of the securities lending lifecycle. 

Trading

Equilend's Trading connects securities lending desks to the broadest pool of counterparties and liquidity. Electronic negotiation on NGT spans general collateral and hard-to-borrow securities across 30+ markets, with 145+ firms active daily. Automated trading logic and straight-through processing let you trade more of your book without adding headcount. 

Workflow Automation

Equilend's Workflow Automation solutions help firms streamline operations across the securities finance lifecycle. Through Front Office Automation, Spire, and Post-Trade & Regulatory solutions, Equilend connects workflows from execution through settlement, helping firms reduce manual effort, improve operational efficiency, and support faster, more resilient securities finance operations. 

Data & Insights

Equilend's Data and Insights vertical gives securities lending participants a real-time view of the market, covering $52T+ in lendable assets and $4.6T on loan across 50+ markets. Agent lenders and broker-dealers use Datalend for benchmarking and performance data, price discovery and market share analysis. Real-Time Data provides transaction details within minutes of execution.

1Source

1Source provides a single source of truth for the securities finance industry, built on the Canton Network. With 1Source, counterparties maintain a common view of trade details, reducing reconciliation and disputes at scale. 

$230B

Daily average notional

$4.6T

Transactions processed per day 

$52T+

Lendable assets

Insights

Ready to run securities lending on one platform? 

See how Equilend connects your securities lending trading, post-trade, data, and reporting in a personalized demo. 

Frequently asked questions

What is securities lending? 

Securities lending is the temporary transfer of securities from a lender, such as a beneficial owner or agent lender, to a borrower, usually a broker-dealer, in exchange for collateral and a fee. It supports short selling, settlement coverage, and financing across global markets. Equilend provides the trading, post-trade, data, and reporting infrastructure used across the securities lending market. 

How does Equilend support securities lending trading? 

Equilend's NGT platform centralizes securities lending trading across general collateral and hard-to-borrow securities in 50+ markets. More than 145+ firms trade on NGT each day, with around $230B in average daily notional. Automated trading logic and straight-through processing let desks trade more of their book without adding staff.

How does Equilend help with T+1 settlement and reducing fails? 

Equilend's Post-Trade & Regulation solutions process recalls and returns in real-time rather than in batch, reconciles more than 2 million trades daily, and flags potential settlement fails through Settlement Monitor before they happen. Earlier recall initiation and pre-matching of settlement details reduce CSDR penalties and support the move to T+1 settlement.

What market data does Equilend provide for securities lending? 

Data & Insights covers $52T+ in lendable assets and $4.6T on loan across 50+ markets and 226,000+ unique securities. Datalend serves agent lenders, broker-dealers, and beneficial owners with benchmarking and performance data, while Orbisa delivers buy-side intelligence including daily Predicted Short Interest and the Short Squeeze Score. Real-Time Data provides transaction detail within minutes of execution. 

Which securities lending regulations does Equilend help firms report? 

Equilend acts as a reporting agent for SFTR, SEC Rule 10c-1a, and CSDR as a registered broker-dealer. UTI generation, data enrichment, and exception management are shared across the trading and post-trade ecosystem. 

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