O V E R V I E W
SecFinex is the foremost Internet
platform dedicated to the requirements of the securities finance community,
providing an efficient and impartial platform for market professionals
worldwide to arrange securities finance transactions online.
SecFinex creates value for participants
by improving access to securities and financing, creating transparency in the
market and streamlining trading and booking.
Historically, firms maintained bilateral
agreements and relied on phone, fax and e-mail to do business. Traders spent
their valuable time on laborious stock searches and rekeying (and often
miskeying) data. Liquidity was dispersed; there was no central marketplace and,
therefore, no definitive pricing information.
Now, SecFinex provides a central
portal for borrowers and lenders. Lenders and borrowers can test the market,
view prices and trade anonymously. Borrowers can search multiple portfolios
simultaneously with the click of a mouse. Lenders can auction individual long
positions to the highest bidder. Because the entire process is electronic there
is no need to key and rekey data, thereby minimising the risk of errors.