EquiLend and BondLend, the securities finance industry trading and post-trade service providers, have launched Trade Match, which provides an automated way to compare pre-settlement, cross-product securities finance transactions.
Trade Match reconciles all the trade components of either the start or close leg of each trade type. Trade Match’s exception management reporting prioritizes the core pending settlement risk items for the users, helping them to reduce fails and rectify trade economic discrepancies on a real-time basis.