This industry utility provides participating banks, institutions and brokerage houses with a centralized hub that will more efficiently conduct and maintain stock loan business and modernize the pre-trade and deal execution process.
Phase two testing with interested marketplace participants is scheduled to commence on November 1, 2001, and the platform is slated to go live early next year.
The electronic marketplace will also offer ancillary services, including:
- automated operational tasks,
- providing benchmarks, and
- auction events
Because StockLoan.com is privately held, and not owned by any stock loan participants or financial entities that conduct stock loan business, the company claims to be an independent and neutral marketplace.
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