Overstock.com has been in the news recently, as it works to market its T0 short sale locates platform to the prime brokerage market. The twist with T0 is that it is based on blockchain technology, which inherently could eliminate the problem of “over locates” on hard to borrow securities. Is the T0 service about to revolutionize the securities lending industry? Or is it just the latest incarnation of a long list of ventures intended to centralize and commercialize the locates process?
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