Market Operations

AQS is committed to the responsible operation of a central securities lending utility. Given the continually evolving nature of securities lending and borrowing regulation, AQS provides a structured and stable market to support the application of any existing or future regulatory directives. Additionally, centralized borrowing and lending activity that takes place in AQS is subject to well-understood and documented transaction processes and procedures, providing a standardized, auditable source of securities lending transactions. These codified processes extend from pre-transaction, transaction, and to post-transaction activity. Importantly, AQS rules were designed in consultation and collaboration with a wide range of industry participants and are subject to an ongoing review by AQS Member Firms. AQS strives to make a lasting and positive contribution to the industry through improvements to the securities lending process.

AQS relies on the continued input from Member Firms to provide the highest quality securities lending market possible. To that end, non-board committees provide recommendations to AQS on issues affecting market operations.