Estimates suggest that the global balance of securities on loan far exceeds $3 trillion. Traditionally a manual process between borrowers and lenders, the latest technology allows lenders to put their securities onto a web-based auction platform and invite bids from potential borrowers. The model competes not only with manual processing but also with some existing platforms, which offer users electronic communication and execution to complete the lending process.
The concept of auctioning exc
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails