SecFinex adds bond trading to securities lending platform
06 December 2004 | 2958 views | 0
SecFinex is introducing fixed income products to its securities lending trading system as well as US and Belgium equities and Exchange Traded Funds.
Chris Fay, CEO, SecFinex, says the new functionality comes in response to client demand to automate bond trading.
"Our clients have been asking us to introduce bonds to the platform for a while as there is little or no automation available, particularly in the corporate bond market, so we are anticipating an aggressive take up of this service," says Fay.
Clients will also be able to trade US and Belgian equities. SecFinex says it has also been encouraged by its users to add Exchange Traded Funds to its order book trading system.
In addition, SecFinex has signed Bank of New York and Ireland's Guild Global Securities to the online system, bringing the total number of institutions trading on the platform to 50. SecFinex says trading volumes are now averaging at over $10 billion a month.