Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2797

SecFinex sets dates for introduction of CCP services

RELATED TOPICS​

SecFinex, a European electronic trading platform for securities finance, has set dates for the introduction of centrally cleared services for stock borrowing and lending on the SecFinex

SecFinex, a European electronic trading platform for securities finance, has set dates for the introduction of centrally cleared services for stock borrowing and lending on the SecFinex Order Market.

The SecFinex central counterparty service, covering equity markets in Belgium, France, Netherlands and Portugal, incorporating LCH.Clearnet as the central clearer, will commence on 19 June 2009.

SecFinex CCP services for equity markets in Austria, Denmark, Finland, Germany, Norway, Sweden and Switzerland, using SIX x-clear as central clearer, will be introduced, subject to regulatory approval, on 15 September 2009.

SecFinex CCP service for UK equity markets, with EuroCCP acting as the central clearer, will follow by the end of 2009.

Peter Fenichel, chief executive of SexFinex, says: ‘Access to a transparent exchange-based marketplace like the one SecFinex operates, incorporating live and executable prices, introduces the concept of trading securities at the best market price. Since the initial investment by NYSE Euronext in March 2007, SecFinex has been working to develop solutions that enable the trading and central clearing of securities lending transactions and we believe the market standards and disciplines that will result from utilising our anonymous market will prove increasingly beneficial to the evolution of securities finance. Prudent risk management is paramount in the minds of market participants. With the creation of UK and European markets incorporating central clearing, SecFinex will be first to market with a responsive and forward looking business model that will further develop and addresses important challenges facing the securities finance marketplace.’

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by