SecFinex restructures, broadens outlook

SecFinex, an online stocklending system developed by UK software house Mutant Technology, has emerged from a recent restructuring programme with plans to expand its geographic reach and add fixed income bonds to its securities finance trading platform.

  0 Be the first to comment

SecFinex restructures, broadens outlook

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Bonds covered will include government, corporate and convertibles from all major markets. In addition, the Japanese equity market and further European equity markets will be added to SecFinex's six existing European equity markets.

Two new customers have also signed to use the trading platform, says the company, bringing the total number of signed participants to 35.

John Oddie, CEO at SecFinex, says the firm has recently completed a restructuring program that will allow it to "continue operating in the current difficult financial markets".

Oddie refuses to elaborate on the restructuring programme, but it is understood to have entailed staff cutbacks and an injection of working capital from existing investors. Major shareholders in SecFinex include Cazenove Private Equity and Mutant Technology.

Sponsored [On-Demand Webinar] PREDICT 2025: What the National Payments Vision means for the UK

Comments: (0)

[New Impact Study] Bank Legacy Transformation is Not a New Challenge: Exploring the SolutionsFinextra Promoted[New Impact Study] Bank Legacy Transformation is Not a New Challenge: Exploring the Solutions