Quadriserv, SunGard announce securities lending progress; STP, CCP now available for participants

Securities lending participants using Quadriserv and SunGard’s integrated platform now have access to straight-through processing of price discovery, central counterparty clearing, settlement and open loan contract maintenance, the firms announced today.

The new capabilities are the fruition of a partnership that was first announced in May 2009, which has seen Quadriserv’s AQS platform integrated with SunGard’s Loanet processing technology.

"Quadriserv and SunGard have collaborated quickly and effectively to deliver straight-through processing of transactions executed in the AQS marketplace," said Thomas Perna, chairman and CEO of Quadriserv.

John Grimaldi, SunGard executive vice president and general manager of SunGard’s Loanet business unit, added: “A key goal from the outset was to enable SunGard's Loanet and AQS customers to benefit from cross-platform data accessibility, allowing users to seamlessly manage open loan positions. 

“We are pleased to have delivered on this important objective in just a few months time, and believe it gives us a proven platform to continue integration efforts that help enhance transparency, efficiency, and analytical capabilities for our mutual customers.”