SecFinex, the on-line securities finance marketplace launched amid considerable scepticism among established intermedairies, says it is making real progress. Trading volumes, says SEcFione, are now averaging 300 transactions a day worth a total of 3 billion.
The firm is hoping that the launch today on November 26 of a new and friendlier version of its trading system, allowing participants to create baskets of securities automatically, will drive volumes higher. The new version includes the ability for participants to agree basket trades using SecFinex’s new AutoMatch facility, and a new Graphic User Interface (GUI).
For Global Custodian article on SecFinex please read “Late Arrival”, Summer 2001.