Quadriserv announces new members of AQS platform; CCP Options Clearing Corporation releases securities lending results

Quadriserv has announced that a number of new firms have joined its AQS securities lending marketplace, while the Options Clearing Corporation (OCC) has released its securities lending results on the first anniversary of its acting as the AQS central counterparty (CCP).

The new firms on AQS include Barclays Capital, Daiwa Securities America and BNY Mellon, with the companies joining 26 existing members, including BofA Merrill Lynch, Citigroup Global Markets and Mitsubishi Securities. Quadriserv co-founder Gregory DePetris said that the announcement highlighted an increasing desire for improved services in the securities lending industry.

“The additional institutional support we have received for AQS, underscored by today's announcement, highlights growing demand among securities lending market participants for improved capital and operational efficiencies, reduced risk, increased transparency, and broadened market access,” he said.

“These attributes, coupled with significant growth in transaction volume, have positioned AQS to continue its momentum through 2010, during which we will remain focused on increasing liquidity while broadening overall market participation.”

January also marked the first anniversary of the OCC acting as CCP for the AQS platform. At the end of the month, OCC had a stock loan contract notional of USD 12, 234, 089, 594 down 2.6% on January 2009.