Daiwa Capital Markets Signs Up to EquiLend in Japan

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Nov 15, 2010, 08:00 ET

LONDON, Nov. 15, 2010 /PRNewswire/ -- 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

SOURCE EquiLend