NEW YORK and LONDON, June 24, 2009 (GLOBE NEWSWIRE) -- Automated Equity Finance Markets (AQS), a wholly owned subsidiary of Quadriserv, Inc., today announced a new agreement under which its AQS(tm) securities lending marketplace will integrate with unique securities lending data and analysis products from Data Explorers (www.dataexplorers.com). Customers from both organizations will benefit from productivity tools that enhance securities lending portfolio management, including new market data and analytical capabilities.
"Working closely with Data Explorers builds on our strategy of aligning the AQS securities lending marketplace with key industry platforms for the benefit of our mutual customers," commented Gregory DePetris, Co-Founder of Quadriserv. "In this case, participants on the AQS platform, which brings exchange-like, central counterparty functionality to the securities lending market, will benefit from Data Explorers' proven ability to deliver timely, insightful securities lending data and analytics capabilities. We are excited about today's announcement, and look forward to working closely with Data Explorers in the months to come to expand the services available to our customers."
Donal Smith, CEO, Data Explorers commented, "We are very pleased to enter into this relationship with AQS. Customers will benefit from the efficiency, transparency and accessibility of the AQS market integrated with Data Explorers' comprehensive timely data and analytics for the global securities lending market."
Initially, the relationship will include the joint distribution of market data and analytics products for mutual customers. As part of the offering, subscribers of Data Explorers and AQS Market Data will be able to view information from both providers in parallel, allowing users to make better informed investment decisions.
About AQS
Automated Equity Finance Markets, Inc. (AQS), a wholly owned subsidiary of Quadriserv, operates AQS(tm), the global leader in providing centrally-cleared securities lending services that aim to maximize liquidity, access, credit and transparency, while mitigating systemic risk. Through its relationship with The Options Clearing Corporation, among other leading industry partners, AQS provides central counterparty guarantees and anonymity to all transactions handled in the U.S., and will expand its services into the European market through its relationship with Eurex Clearing. AQS operates as a FINRA member broker-dealer and a SEC regulated alternative trading system (ATS). For more information about AQS, please visit www.tradeaqs.com.
About Quadriserv
Since its inception in 2001, Quadriserv has delivered transformational market structure changes to the securities lending industry. Quadriserv's customers, which include beneficial owners, agent and custodial banks, broker-dealers, asset managers and hedge funds, benefit from market data, cutting-edge technology and centralized clearing credit solutions. The Company has also partnered with leading firms and individuals within the industry to bring equal access, centralized credit, greater transparency, and a fully integrated technology infrastructure to the equity securities lending marketplace. For more information, please visit www.quadriserv.com.
About Data Explorers
Data Explorers (www.dataexplorers.com), based in New York and London, is the world's most complete resource for data, analysis and insight into short-selling and securities financing. Data Explorers' unique dataset is sourced daily from the securities lending desks of top global lending firms. Data Explorers is the go-to source for financial institutions, enhancing decision making with global short-side intelligence.
Blog: dataexplorers.com/news Twitter: twitter.com/dataexplorers Video: dataexplorers.com/daily-briefing UK: +44 (0)207 264 7600 | US: +1 212 710 2210 | support@dataexplorers.com | www.dataexplorers.com 75 Rockefeller Plaza, New York, NY, 10019, USA 2 Seething Lane, London, EC3N 4AT, UK