New York, NY, USA
November 20, 2006Securities
Lending: Topic, Technology, and Trends
Report Published by Celent
Technology focused on increasing
transparency will be a boon to the securities lending market.
In a new report, Securities Lending: Topic,
Technology, and Trends, Celent reviews the technology landscape of
securities lending. Securities lending was initially a back office
function handled by large banks and broker-dealers. It is now a major
front office department that occupies a prominent position in many broker
and custodian offices. The securities lending market is expected to
increase annually at a rate of 5% in the US and 10% for Europe. The
lending market on loan refers to securities that are currently being lent
through securities lending transactions.
Securities lending has been growing over
the past five years due in part to technology innovations. There has been
a significant increase in automated capability for securities lending. As
a result, the market is more efficient, and trading has increased. This
has been supported by demand from leading securities lending institutions
that sought a variety of technology applications to support almost all
aspects of securities lending. The different technology solutions have
been grouped in the following categories: Trading and Auctions, Books and
Records, Operations, and Performance Measurement.
“The advances in technology support the
growth of the securities lending industry and more recently have supported
regulations impacting the industry. There is clear opportunity for
technology to continue to have a positive impact on securities lending,”
says Stephanie Gilmartin, analyst
at Celent and author of the report.
The report begins with a definition of
Securities Lending. A review of technology solutions available to the
Securities Lending industry and an explanation of their roles in the
market follows. Also included in the report is a case study analysis,
which demonstrates how the relationship between EquiLend and Headstrong, a
Securities Lending platform and securities focused technology services
firm, have impacted the technology landscape of Securities Lending.
The 29-page report contains four figures
and one table. A table of contents is
available online.
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About Celent
Celent, LLC is a research and advisory firm
dedicated to helping financial institutions formulate comprehensive
business and technology strategies. Celent publishes reports identifying
trends and best practices in financial services technology and conducts
consulting engagements for financial institutions looking to use
technology to enhance existing business processes or launch new business
strategies. With a team of internationally experienced analysts, Celent is
uniquely positioned to offer strategic advice and market insights on a
global basis.
Media Contacts
New York - Arielle Weliky
aweliky@celent.com
Tel.: +1 212 269 7547
Paris - Alexandra Vouge
avouge@celent.com
Tel.: +33 1 42 61 06 88
Tokyo - Keiko Yaguchi
kyaguchi@celent.com
Tel.: +81 3 3571 7104
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