SecFinex

SecFinex is the online global marketplace for Securities Lending. It was established in 2000 by a group of industry professionals with the aim of bringing electronic solutions to increase market liquidity, transparency and efficiency.

Over 40 financial institutions currently participate in SecFinex, a cross-section of lenders, borrowers and intermediaries, including some of the major securities finance players in Europe.

SecFinex provides a trading platform for securities financing professionals to meet and execute trades in all major European, US and Japanese equity markets.

LCH.Clearnet SA has provided clearing services for SecFinex since 19 June 2009.

The main advantages of the new CCP service are:

• to enhance market efficiency and transparency;
• to increase market volumes and trading opportunities;
• to eliminate bi-lateral credit between lender and borrower;
• to reduce the capital required to support loan transactions;
• to reduce administrative costs associated with maintaining multiple credit arrangements.