According to an announcement, Trade2O automates the negotiation and agreement of trade terms for global Equities and Fixed Income securities, giving traders a rapid and simple way to process trades straight through to their proprietary systems.
Currently, EquiLend’s AutoBorrow trading service is a hub for processing over 18,000 trades daily valuing more than $20 billion USD. The firm says that Trade2O is gaining momentum internationally, reaching the Japanese market, the United States and major European markets.
EquiLend, a provider of brokerage solutions for the securities finance industry, is owned by eleven preeminent financial firms. EquiLend uses a common standards-based protocol and infrastructure, which automates formerly manual business processes. The firm says that its end-to-end solutions include:
Availability, AutoBorrow, Trade2O, EquiLend AuctionPort(SM), Contract Comparison, Mark-to-Market Comparison, Returns, Recalls, Billing Comparison and Delivery, Dividend Claims Comparison, and Agent Lender Disclosure (ALD).
The EquiLend platform also supports the execution of payment and delivery instructions through the DTCC.