(Reuters) – Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems.
EquiLend, a company at the heart of securities lending on Wall Street, disclosed in late January it had identified unauthorized access to its systems and a portion of them had to be taken offline.
The company’s securities lending platform, Next Generation Trading, manages more than $2.4 trillion in transactions each month, according to its website. Its client base includes nearly 200 asset owners, agency lending banks, broker-dealers and hedge funds.
EquiLend is partly owned by some of Wall Street’s biggest heavyweights, including Goldman Sachs, BlackRock, J.P. Morgan and Bank of America Merrill Lynch.
(Reporting by Manya Saini in Bengaluru and Laura Matthews in New York; Editing by Krishna Chandra Eluri)
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