Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Citi goes live with Nordnet on its Â鶹´«Ã½ Lending Access platform
Industry news

Citi goes live with Nordnet on its Â鶹´«Ã½ Lending Access platform


29 March 2023 UK, Nordics
Reporter: Bob Currie

Generic business image for news article
Image: AdobeStock/tronixAS
Citi has confirmed Nordnet as its first Swedish client on its Citi Â鶹´«Ã½ Lending Access platform.

This solution brings together Citi’s lending platform with Sharegain technology to support securities lending that is crafted to the requirements of underlying individual investors as well as traditional lenders.

Citi describes this as an end-to-end solution that digitises and automates the full securities lending transaction lifecycle. Co-sponsored by Citi Ventures’ D10X programme, this aims to democratise securities lending by extending access to a wider community of investors through their existing banks, brokers or financial advisers.

Through this service, Nordnet, the pan-Nordic online broker and digital investment platform, expects to widen its securities lending programme to new client segments and markets.

Citi Agency Â鶹´«Ã½ Lending offers lending activities in 75 markets, supported by trading desks in five countries and on-the-ground custody expertise from more than 60 proprietary custody branches worldwide.

Commenting on its securities lending solution, Citi’s global head of securities services Okan Pekin says: “Citi continues to embrace innovative ideas to deliver new services to our clients. By levelling the playing field, we anticipate this solution will help pave the way for future democratisation of securities lending.â€

Quincy Curry, director of securities brokerage at Nordnet, says ““Nordnet was one of the first online brokers in Sweden and has since expanded into a pan-Nordic leading digital platform for savings and investments. We are proud to add this collaborative initiative to our ever-growing list of market innovations for our customers.â€
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →