TITLE

Out of the Dark Ages

AUTHOR(S)
Bresiger, Gregory
PUB. DATE
March 2008
SOURCE
Securities Industry News;Spring2008 Supplement, Vol. 20, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of upstart firms to upgrade their securities lending systems. Advocates of various electronic lending platforms argue that securities lending must follow the same path of electronic change once undertaken in the world of over-the-counter equity trading. Securities lending is a kind of derivatives business in which one makes money by borrowing a security and lending it out at a higher rate. Electronic trading advocates predict there would be a long-term benefit even to the prime brokers if the business modernizes.
ACCESSION #
31437475

 

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