Location London, United Kingdom Parent organization LIFFE (Holdings) | Founded November 2000 | |
Type Lending & Borrowing market Owner Majority owner:
Liffe (Holdings) plc (NYSE Euronext) (59.52%)
Minority owners:
Société Générale Corporate & Investment Banking
Fortis Bank Nederland Key people Allen Postlethwaite, founder and CEO | ||
SecFinex was a UK-based electronic stock lending and borrowing platform that operated between 2000 and 2011. It was closed down in December 2011, when its main owner, NYSE Euronext, said that despite it believing that central counterparty would play an important part in stock borrowing in the future the business had not gained enough tracking and they had decided to no longer financial support it. The business was wound down and its authorization was removed from the FSA register on January 6, 2012.
Contents
Overview
Originally known as PPA Capital Limited, the company changed its name to SecFinex, Ltd. in November, 2000. As of March 2007, SecFinex, Ltd. operated as a subsidiary of Euronext and later operated as a subsidiary of LIFFE (Holdings) plc.
The trading platform covered equities on Dutch, French, German, Irish, Italian, Japanese, Spanish, Swedish, Swiss, the United Kingdom and US equity markets.
Transactions on SecFinex were cleared by the following CCPs:
SecFinex Limited was Authorised and Regulated by the Financial Services Authority (FSA)