Top Tier Financial Institutions Embrace DataLend Global Service Offering
NEW YORK, Jan. 7, 2013 /PRNewswire/ -- DataLend, a worldwide provider of global securities finance market data, announced today very strong support from EquiLend's existing clientele.
Brian Lamb, CEO of EquiLend, comments, "Overall client response and usage of DataLend has exceeded our expectations. We have received feedback that DataLend securities finance market data has tremendous statistical significance reflective of market activity, and is of the highest quality."
Based upon user experience, initial observations are that DataLend offers best in class data in a timely and accurate manner. Since its launch last week, many existing EquiLend clients have adopted DataLend. Lamb attributes this rapid adoption and excitement to the rigor and success of DataLend's extensive beta test.
DataLend is actively working with EquiLend's existing client base of over 75 global firms, some of which are in various stages of adoption, with many others in the process of developing plans to migrate to DataLend.
DataLend is a new data provider from EquiLend, a leading provider of trading and post trade services for the securities finance industry backed by 10 global financial institutions: BlackRock; Credit Suisse; Goldman Sachs; J.P. Morgan Clearing; J.P. Morgan; Bank of America Merrill Lynch; Morgan Stanley; Northern Trust; State Street; and UBS. DataLend has offices in New York, Toronto, London and Hong Kong.