Daiwa Capital Markets Signs Up to EquiLend in Japan
By Equilend, PRNESunday, November 14, 2010
LONDON, November 15, 2010 - Daiwa Capital Markets ("Daiwa"), one of Japan's leading investment banks,
has signed up to use EquiLend services in Japan.
Daiwa is the first local Japanese entity to use the EquiLend platform in
Asia since EquiLend announced it was expanding its presence in the Asian
Securities Lending marketplace by the opening of an office in Hong Kong - Q1
2011. Daiwa is set to begin transacting with EquiLend's AutoBorrow trading
service.
"We are delighted to be able to support Daiwa with our robust securities
finance platform," states Brian Lamb, CEO, EquiLend. "It underscores the
growth of the industry in Asia and the demand for innovative technology
solutions that EquiLend has to offer."
"We look forward to utilising EquiLend's market leading services which
will help bring further scale to our growing securities finance business,"
comments Charles Day, London-based Global Head of Equity Finance within
Daiwa's Derivatives Division.
About EquiLend
EquiLend is a leading provider of trading services for the securities
finance industry. With its robust suite of automated trading tools, EquiLend
enables its clients to scale their businesses with great efficiency on a
global basis in all securities finance markets. Used by borrowers and lenders
throughout the world, the EquiLend platform automates formerly manual trading
and post-trade processes. Using EquiLend's complete end-to-end services
reduces the risk of potential errors and eliminates the need to maintain
costly point-to-point connections while allowing firms to drive down unit
costs. Firms can then free more resources to expand their business and grow
trading volumes without increasing costs. This makes the EquiLend platform a
cost-effective choice for all institutions, regardless of their size.
www.equilend.com
EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Inc. are
subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend
LLC is a member of the FINRA and SIPC. EquiLend Europe Limited is authorized
and regulated by the Financial Services Authority. EquiLend Canada Inc. is
authorized and regulated by IIROC. All services offered by EquiLend are
offered through EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada
Inc. EquiLend and the EquiLend mark are protected in the United States and in
countries throughout the world.
About Daiwa Capital Markets
Daiwa Capital Markets is the wholly-owned investment banking arm of Daiwa
Securities Group. The award winning firm has more than 4,000 employees
worldwide and provides integrated financial services including brokerage,
derivatives, capital raising, IPOs, M&As and other creative financial
solutions to clients through a network of more than 20 offices in Asia, the
Middle East, Europe, North America and Asia. Daiwa Securities Group
(www.daiwa-grp.jp/english) is one of the largest brokerage and banking
groups in Japan and employs more than 16,000 professionals worldwide
providing comprehensive financial services, including retail brokerage,
investment banking and asset management.
www.daiwacm.com/uk
Michelle Lindenberger, +1-212-901-2224, michelle.lindenberger at equilend.com
Tags: EquiLend, Europe, London, November 15, Western Europe