EquiLend
EquiLend is a global securities finance technology firm providing trading, post-trade, data and analytics, RegTech, and DLT-based platform solutions to more than 140 institutional clients across 30 markets, processing approximately $122 billion in daily notional.
- Company typePrivate
- Founded2001
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What EquiLend does
EquiLend is a global financial technology firm founded in 2001 that operates critical market infrastructure for the securities finance industry, serving agent lenders, broker-dealers, and beneficial owners across more than 140 institutional clients in 30 markets. The company provides an integrated platform spanning trading (NGT/Next Generation Trading, ECS Loan Market, Swaptimization, Competitive Bid), post-trade services (Risk Resolution Suite, Mark-to-Market, Billing, Exposure Management, Unified Comparison), securities finance operations (Spire for books and records, order/inventory management, seg optimization), regulatory technology (SFTR, CSDR, ALD, SEC 10c-1a, T+1 readiness, Onboard+ for counterparty onboarding), and data and analytics (DataLend, Orbisa, Real-Time Data, Short Squeeze Score, Client Performance Reporting). The 1Source DLT platform creates a distributed-ledger single source of truth for transaction lifecycle events to eliminate reconciliation breaks. EquiLend's revenue model combines recurring technology platform subscriptions and licensing with transaction-based fees tied to volumes processed through NGT, plus data and RegTech subscriptions.
The platform processes approximately $122 billion in daily notional across more than 130 counterparties, with NGT alone processing a record 11.3 million trades against $13.6 trillion in notional in Q1 2026 (up 25.58% year-over-year and 8.3% quarter-over-quarter). EquiLend's data division tracks more than 218,000 securities, $50 trillion in lendable assets, and $4.6 trillion in on-loan assets globally, and distributes Orbisa data through Bloomberg Terminal. The firm was acquired by private equity sponsor Welsh, Carson, Anderson & Stowe (WCAS) in September 2024 for an estimated enterprise value exceeding $800 million, using a $200 million acquisition and growth fund. Since the acquisition, EquiLend has executed an active build-and-buy strategy: acquisitions of Trading Apps (front-office automation) and Finadium (capital markets research/consulting), a strategic investment in Digital Prime Technologies to launch the Tokenet institutional digital asset lending platform, and a minority investment from BNY, an initial user of the 1Source DLT platform. The firm employs 251-500 people across offices in New York, London, Dublin, Tokyo, and Boston, with regulated entities in the US (FINRA/SIPC), UK (FCA), and Ireland (Central Bank of Ireland).
EquiLend firmographics
Firmographics- Name
- EquiLend
- Legal name
- EquiLend Holdings LLC
- Website
- https://equilend.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- EquiLend is a global securities finance technology firm providing trading, post-trade, data and analytics, RegTech, and DLT-based platform solutions to more than 140 institutional clients across 30 markets, processing approximately $122 billion in daily notional.
- Ownership category
- akta.pro rank
EquiLend industry classification
Industry- Product category
- Securities Finance Technology
- NAICS
- Securities and Commodity Exchanges (52321), Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Fixed Income Electronic Trading Platforms (Bonds/Credit) (FSAFANAB)
- akta.pro secondary industries
- Securitized Products Trading Platforms (MBS/ABS/CLO) (FSAFACAK), Institutional API Connectivity, OMS/EMS & FIX Gateways (FSADAJAJ)
Keywords
Where EquiLend is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
EquiLend business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Technology Platform Licensing/Subscription: EquiLend provides trading, post-trade, data and analytics, and RegTech solutions to securities finance participants on a subscription or licensing basis
- Transaction-based Fees: Processing fees based on transaction volumes through NGT platform
- Data & Analytics Services: DataLend provides securities finance data, performance reporting and consulting services
- RegTech Compliance Solutions: Solutions for SFTR, CSDR, ALD, and SEC 10c-1a regulatory reporting
- Clearing Services: ECS Loan Market provides central clearing for securities lending
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
EquiLend product offering
Product offeringCore offering
EquiLend is a global financial technology firm that delivers an integrated securities finance platform spanning trading, post-trade processing, regulatory reporting, and data and analytics. Its core offerings include the NGT automated trading platform, Spire for books and records and order/inventory management, 1Source DLT reconciliation, ECS Loan Market for central clearing, DataLend and Orbisa data products, Onboard+ counterparty onboarding, and a RegTech suite covering SFTR, CSDR, ALD, SEC 10c-1a and T+1 readiness. The platform is sold on a subscription/license basis to institutional clients including agent lenders, broker-dealers and beneficial owners, processing roughly $122 billion in daily notional across 130+ counterparties in 30 markets.
Product overview
EquiLend is a global fintech platform offering an integrated ecosystem of Trading, Post-Trade, Data & Analytics, RegTech, and Platform Solutions for the securities finance industry. The core offering consists of NGT (Next Generation Trading) for automated securities lending trading, Spire as the comprehensive securities finance platform for books and records management, and 1Source as the distributed ledger (DLT) solution. These are complemented by extensive post-trade services (Risk Resolution Suite, Mark-to-Market, Billing, Exposure Management), RegTech solutions (SFTR, SEC 10c-1a, CSDR, ALD, T+1), and Data & Analytics products (DataLend, Orbisa, Real-Time Data, Short Squeeze Score). The platform also includes clearing services (ECS Loan Market), counterparty onboarding (Onboard+), and competitive trading tools (Competitive Bid, Swaptimization). With offices across North America, EMEA, and APAC, EquiLend processes over $122 billion in daily notional across more than 130 counterparties in 30 markets.
Differentiator
Problem solved
Functional benefit
Brands
- EquiLend Clearing Services: Clearing services providing seamless connectivity to central counterparties (CCPs) for securities finance markets globally.
- DataLend
- EquiLend Spire
- NGT (Next Generation Trading)
- 1Source
- Onboard+
- EquiLend Risk Resolution Suite (R2S)
- EquiLend Orbisa
- Swaptimization
Products and services
- NGT (Next Generation Trading) Automated trading platform providing institutional clients with access to global liquidity in bilateral and cleared securities lending, repo, collateral and swaps markets.
- Swaptimization Automated trading service providing access to global liquidity in securities finance swaps markets.
- Competitive Bid Automated trading service supporting competitive bid processes in securities lending markets for institutional participants.
- EquiLend Clearing Services (ECS Loan Market) Clearing service providing seamless connectivity to central counterparties (CCPs) for securities lending markets globally.
- Risk Resolution Suite (R2S) Suite of post-trade services including Recalls Notification, Returns Notification and Settlement Monitor for managing trade lifecycle risks in securities lending.
- Exposure Management Post-trade service for monitoring and managing exposure across securities lending transactions.
- Unified Comparison Post-trade comparison service for reconciling securities lending transaction details across counterparties.
- Mark-to-Market Comparison / US Mark-to-Market Solution Post-trade service for centralized pricing, automated contract marking and SPO charge generation directly within the EquiLend platform, eliminating the need to route mark-to-market workflows through separate third-party systems.
- Enhanced SSI Repository Enhanced Settlement Instruction Repository service for managing and distributing settlement instructions across counterparties.
- Billing Delivery & Comparison Post-trade billing service for generating, delivering and comparing billing information across securities lending transactions.
- Dividend Comparison Post-trade service for comparing and reconciling dividend-related information on lent securities.
- EquiLend Onboard+ Counterparty onboarding platform integrating Credit Benchmark consensus credit ratings for faster and more transparent counterparty and fund onboarding decisions and RWA management.
- DataLend Global securities lending data platform providing performance reporting and consulting services for agent lenders, broker-dealers and beneficial owners, tracking 216,000+ securities.
- EquiLend Orbisa Fixed-income and equity securities lending data platform providing short selling and financing analytics, accessible via Bloomberg Terminal.
- EquiLend Real-Time Data Real-time securities lending data published within 5 minutes of trade execution for market monitoring and compliance.
- EquiLend Short Squeeze Score Early warning signal for potential short squeezes using both comprehensive securities finance data and social media sentiment data to identify unusual market conditions.
- EquiLend Spire Securities finance platform providing books and records, order/inventory management, seg optimization, fully paid lending and short sale approvals modules for institutional lenders.
- EquiLend 1Source Distributed ledger (DLT) based platform creating a single source of truth for securities finance lifecycle events, eliminating reconciliation breaks at their source.
- SFTR Reporting Securities Financing Transactions Regulation (SFTR) reporting solution for EU/UK regulatory compliance.
- SEC 10c-1a Reporting SEC Rule 10c-1a reporting solution including reporting, data archiving, monitoring and analytics for US securities lending transparency.
- CSDR Reporting Central Securities Depositories Regulation (CSDR) compliance solution for European settlement discipline requirements.
- ALD Reporting Australian Securities Lending Disclosure (ALD) reporting solution for Australian regulatory compliance.
- EquiLend T+1 Solution that connects, automates, simplifies and expedites all elements of the securities finance trade lifecycle for T+1 settlement readiness.
- Tokenet (Digital Asset Lending Platform) Institutional digital asset lending platform applying traditional securities lending workflows, risk controls and end-to-end lifecycle management to digital assets.
Quantifiable outcome
- Record 11.3 million trades processed in Q1 2026
- +2 more outcomes
Companies that use EquiLend
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles5 records
EquiLend technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability6 records
Feature14 records
EquiLend partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Credit BenchmarkcoreEquiLend and Credit Benchmark partnered to integrate consensus credit ratings into EquiLend's Onboard+ platform. The integration surfaces Credit Benchmark's consensus rating for each fund within the counterparty onboarding workflow, enabling operations, credit and front-office users to access market-wide credit assessments. This positions Onboard+ as a more comprehensive tool for counterparty and fund onboarding decisions and RWA management.
- Al Rajhi CapitalcoreAl Rajhi Capital, the investment subsidiary of Al Rajhi Bank based in Saudi Arabia, selected EquiLend as its securities finance technology partner. EquiLend will provide Spire (Books and Records), Post Trade, Data and Trading solutions. The partnership supports Saudi Arabia's Vision 2030 and positions alrajhi capital to develop Shariah-compliant securities financing solutions in the Kingdom.
- Galaxy DigitalcoreGalaxy Digital is a launch participant on Tokenet, the institutional digital asset lending platform developed in partnership with EquiLend. Galaxy Digital executed the first trades on the platform in May 2026. Galaxy made a strategic investment in Digital Prime Technologies in June 2026 to accelerate Tokenet's development and expand institutional client base.
- Delta CapitaminorDelta Capita named as an implementation partner for EquiLend Spire, supporting deployment and implementation of the securities finance platform for clients.
- Digital Prime TechnologiescoreEquiLend made a strategic investment in Digital Prime Technologies to develop institutional tokenized asset and digital markets infrastructure. The partnership focuses on workflows across trading, post-trade, and data for institutional financing of digital assets and crypto, with future plans including stablecoin collateral and additional tokenized instruments. Digital Prime's Tokenet platform went live in May 2026 with Galaxy Digital as launch participant.
- eTorominoreToro launched a stock lending program in the UK through partnerships with BNY and EquiLend, enabling eligible users to lend out their stocks. The program aims to offer retail investors passive income, improved liquidity, and greater control over their portfolios, aligning with institutional standards.
- National Bank of CanadacoreNational Bank of Canada went live with EquiLend's 1Source DLT platform alongside BNY, with additional counterparties expected to follow. The platform aims to address reconciliation issues caused by fluctuating rates and security reallocations in securities lending transactions.
- Trading AppscoreEquiLend acquired Trading Apps to advance front-office automation in securities finance. The acquisition includes automation tools (Lender and Borrower Apps) and TA.Link trade messaging service, which enhance EquiLend's automation efforts and provide clients with more integrated solutions.
- FinadiumcoreEquiLend acquired Boston-based Finadium to expand its securities finance research and consulting capabilities. Finadium operates as an independent subsidiary under managing principal Josh Galper, with research and editorial operations remaining independent. The deal expands EquiLend's market intelligence and consulting capabilities alongside existing technology platforms.
Scale indicators19 records
Recent moves7 records
Expansion highlights7 records
EquiLend competitors and assessment
Company assessmentDirect peers
- Pirum Systems: Pirum Systems is the closest direct competitor to EquiLend, providing post-trade connectivity and processing services for the securities finance industry. Both companies serve agent lenders, broker-dealers, and beneficial owners with trade lifecycle management, and Pirum's services overlap significantly with EquiLend's Risk Resolution Suite and post-trade offerings.
- AcadiaSoft (Broadridge): AcadiaSoft (now owned by Broadridge) provides collateral management infrastructure for the securities finance industry, directly competing with EquiLend's collateral and exposure management offerings. Both platforms serve agent lenders and broker-dealers managing securities lending collateral workflows.
Broad incumbents
- State Street (GlobalLink): State Street's GlobalLink division provides data and connectivity solutions including Loanet, a competing securities lending platform. As both a major agent lender customer of EquiLend and a competitor through GlobalLink, State Street represents an incumbent player with overlapping capabilities and significant market position in securities finance technology.
- IHS Markit (S&P Global): IHS Markit (now part of S&P Global) operates securities finance data products including Securities Finance Monitor, directly competing with EquiLend's DataLend. As a much larger incumbent with extensive data assets across multiple financial market segments, it competes with EquiLend's data and analytics franchise while also offering adjacent services.
- Broadridge Financial Solutions: Broadridge provides post-trade processing, RegTech solutions, and data analytics across the financial services industry. With the acquisition of AcadiaSoft (collateral management), Broadridge has expanded into adjacent securities finance infrastructure, competing with multiple EquiLend product lines including post-trade and regulatory reporting.
- DTCC: DTCC operates critical post-trade infrastructure for the securities industry including clearing and settlement services. As an industry utility serving similar institutional clients, DTCC competes with EquiLend's clearing services and is a foundational player in the broader securities finance ecosystem where EquiLend operates.
- Clearstream (Deutsche Börse): Clearstream is a major European clearing and settlement provider that competes with EquiLend's clearing services and connects to the broader European securities finance ecosystem. As part of Deutsche Börse Group, it offers integrated post-trade infrastructure serving many of the same institutional clients as EquiLend.
- LCH (London Stock Exchange Group): LCH is a leading central counterparty (CCP) that competes with EquiLend's ECS Loan Market clearing services for securities lending transactions. As part of LSEG, it provides cleared services infrastructure that connects to EquiLend's platform while also offering competing clearing solutions to EquiLend's broker-dealer clients.
Emerging players
- CloudMargin: CloudMargin is a cloud-based collateral management platform serving the securities finance industry. As a focused emerging player with significant overlap with EquiLend's collateral and exposure management offerings, it competes for the same institutional clients seeking modern, SaaS-based collateral management solutions.
Others
- R3: R3 provides enterprise blockchain (Corda) and DLT infrastructure used by financial institutions for securities-related applications. While not a direct competitor, R3's technology competes with EquiLend's 1Source DLT platform in enabling distributed ledger solutions for capital markets, and several financial institutions use Corda for similar securities finance use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
EquiLend social profiles
Digital presenceEquiLend compliance and trust
Trust signalCompliance5 records
EquiLend financial estimates
Financial estimateRevenue estimate
Valuation estimate
EquiLend leadership team
Management profileNumber of profiles
Profiles10 records
EquiLend subsidiaries and ownership
Company hierarchySubsidiaries5 records
EquiLend funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EquiLend M&A and investment
M&A and investmentM&A5 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EquiLend
What does EquiLend do?
EquiLend is a global financial technology firm that delivers an integrated securities finance platform spanning trading, post-trade processing, regulatory reporting, and data and analytics. Its core offerings include the NGT automated trading platform, Spire for books and records and order/inventory management, 1Source DLT reconciliation, ECS Loan Market for central clearing, DataLend and Orbisa data products, Onboard+ counterparty onboarding, and a RegTech suite covering SFTR, CSDR, ALD, SEC 10c-1a and T+1 readiness. The platform is sold on a subscription/license basis to institutional clients including agent lenders, broker-dealers and beneficial owners, processing roughly $122 billion in daily notional across 130+ counterparties in 30 markets.
Is EquiLend a public or private company?
EquiLend is a private company. It is classified as private equity controlled and is currently operating.
When was EquiLend founded?
EquiLend was founded in 2001. It employs 251 to 500 people.
Where is EquiLend based?
EquiLend is headquartered in New York, United States, in the North America region.
How does EquiLend make money?
Five revenue lines are on record. Technology Platform Licensing/Subscription is the primary driver. The others are transaction-based Fees, data & Analytics Services, regTech Compliance Solutions and clearing Services.
Who are EquiLend's main competitors?
Direct peers on record are Pirum Systems and AcadiaSoft (Broadridge). Broad incumbents are State Street (GlobalLink), IHS Markit (S&P Global), Broadridge Financial Solutions, DTCC, Clearstream (Deutsche Börse) and LCH (London Stock Exchange Group). CloudMargin is listed as an emerging player. R3 is listed as an others.
Does EquiLend have an API?
Yes. EquiLend offers an open architecture approach with MCP (Model Context Protocol) connectivity across product suites, with prototype connectors already running against Spire and data products. Clients can bring their own AI tools (BYOAI) and integrate them with EquiLend platforms directly. The company also provides a DataLend API for accessing securities lending data. Developer documentation is at datalend.com/services/datalend-api.
What industry is EquiLend in?
EquiLend's product category is Securities Finance Technology. Its primary akta.pro industry code is FSAFANAB, Fixed Income Electronic Trading Platforms (Bonds/Credit), with a secondary code of FSAFACAK, Securitized Products Trading Platforms (MBS/ABS/CLO). Its NAICS code is 52321 and its SIC code is 6211.