Stock Loan Automation Enters Foreign Markets
THIS WEEK'S LEAD STORIES
U.S. broker-dealers are struggling to expand their borrowing and lending operations for foreign securities with the aid of automated systems such as I.P. Sharp's BLEND and Financial Telecommunications Corp.'s Equiloan.
Shearson Lehman and Morgan Stanley are hoping that BLEND, I.P. Sharp's borrowing and lending automation service, will help them attract the critical mass of users needed to improve loan market liquidity for foreign securities.
Major U.S. broker-dealers average between three and ten
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