Sharegain Launches a Unique Securities Lending Offering For Prime Brokers

Sharegain, a leading global capital markets fintech, today  announced the launch of Primelocate, a complementary securities borrowing  offering designed to help Prime Brokers expand access to small and micro-cap  securities.  

Prime Brokers increasingly need better coverage of small and micro-cap securities  for hedge fund clients. However, sourcing this supply from large institutional  lenders has proven to be challenging. 

Sharegain, the world’s leading securities lending agent for retail-facing financial  institutions, offers access to thousands of unique securities. Collaborating with  prominent market participants as design partners, Sharegain introduces an  innovative approach that simplifies the borrowing process for hard-to-borrow small  and micro-cap securities, ensuring access to unique availability with a streamlined  borrowing process at a fixed price. 

Primelocate is a natural addition to Sharegain’s existing offering for Prime Brokers,  addressing their needs to increase volumes, reduce fails, and eliminate the archaic  and costly ‘buy to lend’ practice. 

Stuart Jarvis, Head of Strategic Partnerships at Sharegain, said: “We constantly seek ways to add value and simplify the way our market works, across the entire value  chain, for the benefit of all participants. Existing locate and trading practices within  the securities lending space did not support the mobilization of small and micro-cap  securities available in retail accounts. Primelocate offers a new way to tap into this  unique inventory, significantly broadening the range of securities available for  locates.” 

Boaz Yaari, Founder and CEO of Sharegain, added: “The participation of private  investors in capital markets has surged in recent years, impacting all aspects of the  industry, including securities lending. New supply from retail investors creates new  trading opportunities for borrowers, enhances overall market liquidity, and delivers  greater value to asset owners.”