| Larry Shearer |
Leading industry players say the fledgling electronic securities lending market is in danger of being monopolised as SecFinex faces extinction. Their comments come as Deutsche Bank lends its considerable muscle to EquiLend, a platform that already has the backing of 10 of the largest industry players.
Securities lending has been one of the last areas of banking to lack electronic services. While fixed-income market makers and investors have been spoilt for choice, with platforms such as TradeWeb, MarketAxess, BondVision and Bondscape to name a few, securities lending has struggled to move away from more labour intensive methods.
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