Quadriserv

Founded in 2001, Quadriserv, Inc. was a key innovator in the financial services industry, focusing on the securities lending market. The company developed and operated the AQS (Automated Equity Finance Markets) platform, which provided a centralized and transparent marketplace for borrowing and lending securities. AQS was notable for using a central counterparty (CCP) model, which reduced counterparty risk for its institutional clients. In December 2015, the AQS platform was acquired by EquiLend, a major provider of trading and post-trade services for the securities finance industry. Following the sale of its primary asset, Quadriserv wound down its operations, culminating in the voluntary termination of its broker-dealer registration with FINRA in late 2016.