Sharegain collaborates with DriveWealth to unlock securities lending
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Sharegain collaborates with DriveWealth to unlock securities lending 21 October 2024UK Reporter: Carmella Haswell
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Sharegain has partnered with financial technology platform DriveWealth to open up new opportunities in securities lending for online brokers globally.
DriveWealth, which offers brokerage-as-a-service, is extending its securities lending offering with an agency lending capability, powered by Sharegain and tailored to the UK and European regulatory requirements.
According to DriveWealth, its platform and APIs manage everything from execution and clearing to custody, instrument screening, pricing, and more.
Now, online brokers can integrate the full suite of capabilities of both Sharegain and DriveWealth’s platforms.
Commenting on the collaboration, Boaz Yaari, CEO and founder of Sharegain, says: “We are excited to join forces with DriveWealth, a company that shares our vision of levelling the playing field in capital markets and making securities lending accessible to everyone.”
Michael Blaugrund, CEO of DriveWealth, adds: “Our mission has consistently been to empower the next generation of private investors.
“Collaborating with Sharegain extends an efficient investing experience to new B2B partners and their clients globally.”
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Image: Ekaterina_Siubarova/stock.adobe.com 