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QUADRISERV, INC. WELCOMES ADDITIONAL
MEMBER FIRMS TO THE AQS® SECURITIES LENDING MARKET
NEW YORK, NY - February 3, 2010 -
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.
For Quadriserv
Katharine Gill Law
Head of Corporate
Communications
Quadriserv, Inc.
(212) 905-2663
klaw@quadriserv.com
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