Quadriserv Inc., a pioneering provider of price transparency and efficiency to the securities lending industry, today highlighted the Company's focus on capturing value in the industry. Specifically, in a panel discussion at TradeTech 2007, Co-founder Gregory W. DePetris outlined Quadriservâs ability to enhance the profitability and performance of lenders and borrowers alike by reducing industry spreads, and increasing the overall efficiency of the securities lending marketplace.
Quadriservâs Mission and Industry Focus
âAs awareness of the existing inefficiencies and large spreads in the securities lending industry grows, both lenders and borrowers recognize the need for market alternatives,â Mr. DePetris commented. âQuadriservâs core mission is to address this need through the availability of a transparent, automated marketplace that directly matches beneficial lenders with borrowers. Hedge funds and beneficial owners alike are prime candidates for Quadriservâs securities lending solution. This is especially true as operational efficiency becomes an increasingly important contributor to overall fund performance.
âWe are also pleased to report substantial progress towards the completion of our market-leading technology platform, which was developed by veterans from the prime brokerage and securities lending industries,â Mr. DePetris continued. âThis platform represents the foundation of our stock borrow flow, as it provides market participants with quotes, availability and locate data â all in a trader console environment. The platform may be integrated with existing OMS / EMS environments, or accessed in a web environment. This system complements Quadriservâs âActiveâ platform, which links traders directly by phone to the Quadriserv trading desk, and has been operational for over a year. Quadriservâs technological development continues to solidify the Companyâs market leadership as the industryâs only third party lending provider.
Acquisition of Exclusive Assets
Additionally, Joe Weinhoffer, Quadriservâs Chief Executive Officer, announced today that the Company has recently obtained commitments for over $2B in exclusive assets from beneficial lenders around the country. âOur increasing ability to obtain exclusive assets from lenders will give hedge funds more flexibility in finding unique assets to borrow under a transparent and more efficient market structure,â Mr. Weinhoffer said. âBeneficial owners are benefiting from this new transparent model by receiving direct access to the borrowing community, and realizing the true intrinsic value of their securities for their investors. More generally, our ability to secure these exclusive assets underscores Quadriservâs progress in introducing a new securities lending model.â