Global securities finance tech company EquiLend’s systems are now back online after announcing a disruptive ransomware attack nearly two weeks ago.
EquiLend was founded in 2001 by some of Wall Street’s biggest players – its board of directors includes BlackRock, Goldman Sachs, JP Morgan, Morgan Stanley and more – and is primarily known for its Next Generation Trading (NGT) platform, which underpins a large chunk of the sector’s securities lending.
The platform transacts $113.5 billion every day between more than 120 companies across more than 40 markets. The company also has regulatory tech, data analytics, and securities finance arms.
