The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Independent feels the squeeze

Securities lending

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.

EquiLend, an interdealer securities lending platform created last year, finally launched in June and is rapidly gaining volumes. SecFinex, an independent platform founded in 2000, doesn't have the same heavyweight backing and has had money troubles, forcing it to cut staff. Market players are divided about its future and smaller borrowers and lenders could lose out if it folds.

EquiLend has its critics but the industry agrees that it is at a distinct advantage while the prognosis for SecFinex does not look good.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree