EquiLend, the securities finance technology firm, has agreed with Broadridge Financial Solutions to facilitate STP to the NSCC’s CCP for equity securities finance transactions. The new service will deploy EquiLend’s liquidity sourcing options and allow clients to trade and automatically submit via Broadridge’s newly launched SFT Submission Service, which provides the market with the capability to meet NSCC requirements to match and submit via an Approved Trade Submitter
Market participants using EquiLend 1Source, the DLT-based single source of truth for securities finance transaction lifecycle information, will be able to direct securities lending trades to the NSCC for central clearing via Broadridge’s Trade Submitter Service.