Earlier this week, SL-x applied to cancel its Financial Conduct Authority (FCA) authorization, though the company says that this was a voluntary request and that SL-x is not closing.
The company says that this voluntary request relates to its intention to “redeploy capital resources.”
SL-x received FCA approval in March to operate as a multilateral trading facility, with offerings across 17 European capital markets in the securities borrowing and lending (SBL) space.
Editor’s note: Global Custodian will soon have more information on SL-x’s plans going forward.
SL-x Is Not Closing Shop, Plans to 'Redeploy Capital Resources'
Earlier this week, SL-x applied to cancel its Financial Conduct Authority (FCA) authorization, though the company says that this was a voluntary request and that SL-x is not closing.
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