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SecFinex launches initiative to stimulate stock loan interest in ETFs

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SecFinex is broadening the equity security composition on its electronic trading platform by the inclusion of ETFs for the first time.

SecFinex is broadening the equity security composition on its electronic trading platform by the inclusion of ETFs for the first time. The development of the ETF product on the SecFinex platform will be in association with iShares, the world’s number one provider of ETFs, managed by Barclays Global Investors (‘BGI’) and is committed to supporting electronic lending platforms.

Demand for ETFs globally has surged in recent years, underlying their usefulness in the investment community – during both bull and bear markets. Global ETF assets now amount to approximately USD 800 billion, with no fewer than 1,171 ETFs listed across global stock markets. ETFs offer professional investors the reassurance of high levels of liquidity, enabling the rapid implementation of a comprehensive range of investment strategies.

Marc Knowles, head of product management for iShares, says: ‘We are delighted that SecFinex has chosen to list iShares on their platform. The new initiative allows the interests of us and SecFinex to be aligned as we believe the development of a flexible and efficient electronic marketplace for stock loans in iShares, will further stimulate the growth of the ETF market.’

Peter Fenichel, CEO of SecFinex, says: ‘We welcome BGI’s support in the further development of the ETF stock loan activity on SecFinex. Market participants tell us the creation of a central electronic marketplace for ETF securities borrowing and lending is a highly desirable objective and the assistance that BGI provides to SecFinex is a significant event that will contribute to the success of this initiative’.

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