SL-x is FCA approved
24 March 2014 London
Image: Shutterstock
The Financial Conduct Authority has approved SL-x’s application to commence operating as a multilateral trading facility. It will start its new electronic marketplace for securities borrowing and lending across 17 European capital markets.
The firm also confirmed the hire of Christopher Fay as its managing director for Europe.
In October of last year, the electronic trading business signed an agreement with Markit to enable joint customers to move between the enhanced Markit Securities Finance web portal and the SL-x platform.
Markit customers who used the SL-x solution were granted access to real time trading data from SL-x as well as their existing securities finance data and analytics from Markit.
This covered $14 trillion of securities in the lending programmes of over 20,000 institutional funds and provided a view of short interest data and institutional fund activity across equities and fixed income spanning all market sectors.
The firm also confirmed the hire of Christopher Fay as its managing director for Europe.
In October of last year, the electronic trading business signed an agreement with Markit to enable joint customers to move between the enhanced Markit Securities Finance web portal and the SL-x platform.
Markit customers who used the SL-x solution were granted access to real time trading data from SL-x as well as their existing securities finance data and analytics from Markit.
This covered $14 trillion of securities in the lending programmes of over 20,000 institutional funds and provided a view of short interest data and institutional fund activity across equities and fixed income spanning all market sectors.
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