NEW YORK, Feb. 3, 2010 (GLOBE NEWSWIRE) -- Quadriserv, Inc. today announced key additions to the roster of financial institutions serving as approved Members of the AQS marketplace. These new Members join 26 previously announced AQS Member institutions. AQS is operated by Automated Equity Finance Markets, Inc., a wholly owned subsidiary of Quadriserv. AQS, through its relationship with The Options Clearing Corporation (“OCC”), operates a centralized marketplace for securities lending transactions in the U.S.
The new AQS Member firms include, among others:
- Barclays Capital
- BNY Mellon
- Charles Schwab & Co., Inc.
- CIBC World Markets Corp.
- Citadel Securities, LLC
- Daiwa Securities America Inc.
- The D.E. Shaw Group
- OptionsXpress, Inc.
- Renaissance Technologies
Gregory DePetris, Co-Founder of Quadriserv, said, “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. 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.”
The additional Member Firms reported today join existing AQS Member Firms which include, among others, BofA Merrill Lynch, Calyon Securities (USA) Inc., Citigroup Global Markets, Inc., Interactive Brokers LLC, Jefferies & Company, Inc., Mitsubishi UFJ Securities (USA), Inc., Newedge USA, LLC, Pershing LLC, Susquehanna Financial Group, LLLP, Virtu Financial BD, LLC, and Wedbush Securities, Inc.
About Quadriserv
Quadriserv is a leader in delivering transformational market structure changes to the securities lending industry. Quadriserv, through its wholly owned subsidiary, Automated Equity Finance Markets, Inc., developed the AQS® market for securities lending. AQS, through its relationship with The Options Clearing Corporation, operates a centralized market for securities lending transactions in the U.S., and plans to expand into the European market through its relationship with Eurex Clearing. As a FINRA member broker-dealer and a SEC regulated alternative trading system, AQS aims to maximize liquidity, access, credit and transparency, while mitigating systemic risk, through a fully automated trading environment. For more information about Quadriserv, please visit www.quadriserv.com or www.tradeaqs.com.