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ICAP Builds on BrokerTec to Offer Electronic Sec Lending

At 01 May 2007 12:50:43 in ET-Interdealer Systems, Electronic Trading    Print Article  Email Article   Full content requires subscription 

Inter-dealer broker ICAP’s newly introduced electronic platform for securities lending, i-Sec – based on its BrokerTec platform – is targeted to bring the same efficiencies to equity lending as have been introduced on the fixed income side for repo trading. Initially, four banks are participating in the platform, which in its first phase enables screen-based access for lending and borrowing of equities from France, Germany, Italy, Spain, the UK and Japan. ICAP plans to extend the platform to cover other markets in the future, led by trading demand. Its head of electronic securities lending Roy Zimmerhansl says the system’s scalability will accommodate expansion. “Adding new markets is simple. It’s just picking up a new price feed.”



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