Quadriserv, Inc.
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| Quadriserv | |
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| Founded | 2001 |
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| Headquarters | New York, NY |
| Key People | Thomas J. Perna, Chairman; Gregory W. DePetris, Co-Founder and Chief Strategic Officer; Pasquale "Pat" Cestaro, Co-CEO; Bruce C. Turner, Co-CEO |
| Corporate Website | www.quadriserv.com |
Quadriserv is a provider of products and services to the securities lending industry. Through its wholly owned subsidiary, Automated Equity Finance Markets, Inc., Quadriserv has developed and operates the AQS and AQS Direct securities lending platforms, offering automated securities lending trading in over 5,000 underlying equity, ETF and ADR products.[1]
All Quadriserv transactions are cleared through OCC (Options Clearing Corporation), which is the central counterparty to all securities lending transactions matched on the AQS platform.
Founded in 2001, Quadriserv and its AQS subsidiary were created by a group of prime brokerage veterans to deliver transformational market structure changes to the securities lending industry, including beneficial owners, custodial banks, agent lenders, broker dealers and hedge funds.[2]
As a FINRA registered broker-dealer and a SEC regulated alternative trading system (ATS), AQS maximizes liquidity, access, credit and transparency, while mitigating systemic risk.
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History
On Sept. 8, 2011, Quadriserv announced the launch of AQS Direct a broker-to-broker securities lending platform, offering improved opportunities for equity financing.
On Oct. 6, 2010, Quadriserv announced the integration of their AQS platform with SunGard's Loanet Smart Loan, providing SunGard customers control over order management and inventory functions as well as helping to avoid dual usage of securities available for lending. AQS orders can also be initiated and maintained from within Smart Loan.[3]
Products and Services
The AQS platform is based on Cinnober’s TRADExpress trading system, customized to fit Quadriserv’s functional specifications. AQS Market Data packages provide real-time, intra-day securities lending market data for the 5,000 equity, ETF and ADR products traded on AQS.
Key People
- Thomas J. Perna, chairman
- Gregory W. DePetris, co-founder and chief strategic officer
- Bruce C. Turner Co-CEO
- Pasquale "Pat" Cestaro, Co-CEO
- Michael Clancy, managing director, chief financial officer
- Martin Doyle, managing director, general counsel
References
- ↑ Quadriserv LinkedIn Profile. LinkedIn.
- ↑ Boosting Securities Lending at Quadriserv. Traders Magazine.
- ↑ SunGard Extends Loanet Integration with Quadriserv's AQS. Securities Lending Times.
