The new launch reconciles all the trade components of each trade type and is intended to help clients reduce risk on their pending trades, a key concern as settlement cycles shorten.

Trade Match’s exception management reporting prioritizes the core pending settlement risk items for users, helping them to reduce fails and rectify trade economic discrepancies on a real-time basis.

According to the partners the new offering can also recognize nuances between equity and fixed income clients and act appropriately.

BondLend clients will be able to leverage reconciliation terms specific to the fixed income business, offering the flexibility to handle different trade types.

The new offering is available immediately to existing post-trade clients of EquiLend and will be available on from 27 April for BondLend clients.

Commenting on the launch, Brian Lamb, CEO of EquiLend, said: “We have heard clients’ concerns around the changing regulatory environment and reduction of settlement cycles. Coupled with the industry focus on developing best practice, we are excited to offer a tool to help clients reduce risk on their pending trades. By leveraging Trade Match, an automated solution, we allow firms to be scalable with their business.”

According to Iain Mackay, post-trade service product owner at EquiLend, inventory management and latency have become a very important priority within the industry. “Trade Match provides an opportunity to effectively manage this by offering same-day matching and affirmation transparency,” he says. “It gives clients a more effective reconciliation tool to ensure delivery of stock to the counterparty, which will enable them to reduce costs, increase client service and meet regulatory requirements.”