New Sec-Lending Platform Aims to Give Beneficial Owners Bigger Piece of the Pie

Kentouris, Chris
March 2008
Securities Industry News;3/24/2008, Vol. 20 Issue 12, p1
Trade Publication
The article offers information on LendEx, an electronic securities lending platform of the U.S. Securities & Exchange Commission. The system will cater to beneficial owners and will offer central counterparty services. The system will be tested by two broker-dealers, two trust companies and a self-clearing hedge fund. The platform aims to promote greater transparency and enable beneficial owners to claim a bigger share of fees paid by end users.


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