FTSE Global Markets: SL-x going live soon

SL-x, a new electronic securities lending platform, is gearing up to go live in the final quarter of this year. Designed to offer automated matching, negotiated trades and CCP access for securities lending participants, the system has been in development phase for two years and, subject to regulatory approval, will initially launch in Europe before turning its attention to the US. Essentially a securities lending exchange, the firm says its CCP clearing method will achieve regulatory capital savings and increased market efficiency for its users.

The full article is available at http://www.ftseglobalmarkets.com/issues/issue-72-september-2013/new-sec-lending-trading-platform-tests-the-waters.html

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