EquiLend, the global equity and fixed income securities lending platform announced the expansion of their core trading platform to include portfolio auction capability.

EquiLend AuctionPort provides the ability for lenders to host and conduct blind and open auctions of portfolios on behalf of their clients.

"EquiLend AuctionPort provides another route to market and distribution model for our clients," Dirk Pruis, President and CEO states. "Many of our clients view auction capability as a platform 'must-have.' As with most functions, this view is driven by the needs of the lenders' clients who are looking at exclusive auctions as another route to market. The fact that we are now providing this service to our existing lender clients at no additional fee also makes EquiLend AuctionPort a value-added service."

"The service is extremely flexible. It allows a lender to invite any bidder to participate, be they an existing EquiLend user or not," Melissa Hodson, Director of Clients Services of EquiLend says. "AuctionPort also provides lenders the flexibility to allow their clients access to watch the auction process directly."

This week, Rotterdam-based, Robeco successfully conducted an open auction of a portfolio of Taiwanese securities using EquiLend AuctionPort.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development