Infrastructure Keeps Moving Toward “Platform + Data”
We’re seeing a continued push toward platforms and data products around securities finance — not because everyone loves modernization, but because the market is tired of fragmentation. EquiLend’s own public updates around revenue, balances, and product distribution are part of that momentum.
The point isn’t that platforms will “solve” securities lending. They won’t. The point is that the industry is slowly standardizing the parts that can be standardized — while keeping discretion where discretion is profitable.
