4sight Financial Software has significantly increased its market share in the last year, according to the results of International Securities Finance magazine’s 2007 Equity Lending Survey. The proportion of 2007 respondents to the survey who use 4sight’s Securities Finance or Alaris products is now 9.28%, up from 2.68% in the 2006 survey.
4sight attributes the increase to a number of new clients that have signed up to use the 4sight Securities Finance software, the majority of which are multi-site contracts with global financial institutions. The signing of more new clients will also be announced in the coming months.
4sight Securities Finance is a front-to-back office securities finance software for borrowing, lending, repo, swaps and collateral management. It is used worldwide by a wide variety of financial institutions involved in securities finance.
“We are very pleased with the results of this year’s survey,” says Alastair Chisholm, 4sight managing director. “Our emphasis on technology development; full front-, middle and back- office functionality; and customer focus is helping to drive gains in our market share in line with our continuing strategy of organic growth.”