EquiLend, owned by consortium that includes State Street, Northern Trust, JP Morgan and Blackrock opens in Dublin, and seeks MTF status
EquiLend, a provider of trading, post-trade, market data and clearing services for securities financing has opened an office in Dublin as part of its post-Brexit plans and is seeking approval from the CBI to register as a Multi-lateral Trading Facility (MTF) in Ireland, a status it already holds in the UK.
EquiLend is owned by a consortium of leading FS firms including State Street, Northern Trust, JP Morgan and Blackrock. IDA Ireland head Martin Shanahan said the move points to the continuing attractiveness of Ireland for global FS businesses.

EquiLend’s move follows an announcement by another IDA client, Thomson Reuters in June that it too was seeking MTF status in Ireland with plans to transfer its FX multilateral derivatives trading facility from London to Dublin which trades in excess of $300 billion daily.
This article appeared in the September 2018 edition.