Quadriserv, Inc.

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Quadriserv
Quadriserv logo1.gif
Founded 2001
Headquarters Jersey City, NJ
Key People Gregory W. DePetris, Co-Founder and Chief Strategic Officer; Pasquale "Pat" Cestaro, CEO
Website www.quadriserv.com

Quadriserv, founded in 2001, is a provider of products and services to the securities lending industry.

The firm is owned by PDQ Enterprises, owner of PDQ ATS, which acquired Quadriserv in August 2015.


History

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.[1]

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.

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.[2]

Products and Services

The AQS platform was initially 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

References

  1. Boosting Securities Lending at Quadriserv. Traders Magazine.
  2. SunGard Extends Loanet Integration with Quadriserv's AQS. Securities Lending Times.