TA.Link, Trading Apps’ trade messaging service, is also part of the acquisition and will serve as the resiliency solution for EquiLend’s NGT platform
Natixis Corporate & Investment Banking acted as a principal lender against J.P. Morgan as a borrower in the first trades cleared through the new service
In the first use case, an outstanding bilateral transaction was routed to the firm’s alternative trading system for confirmation, then forwarded to NSCC’s SFT Clearing service for processing