SBL Networks Debuts New P2P Securities Lending Platform For Hedge Funds

Nov 13 2017 | 6:42pm ET

London-based fintech startup SBL Network is prepping a new peer-to-peer securities lending network that will allow major institutional owners of equity securities, such as pension funds, insurance firms and sovereign wealth investors, to negotiate and lend those securities directly to hedge funds. 

The new network, named Aquila, was established in response to the growing demand for greater transparency in the securities lending marketplace, SBL said in a statement. 

Participants in the new network will be able to negotiate securities lending transactions and benefit from access to anonymous pricing data, SBL added, providing complete peer-to-peer pricing transparency of the transactions executed across its platform.

The new system is currently in closed-circuit trials and is anticipated to start live operations with third-party clients before the end of this year.

Founded in 2016 by former Instinet Fixed Income Markets CEO Chairman Peter Fenichel, and Reuters' electronic NASDAQ marketplace, SBL Networks is led by former Morgan Stanley and Barclays Capital executive Tammy Phillips. The company provides various transaction and information services to the global capital markets industry.

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