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.