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Moving from regular trading to securities lending is like “buying a suit on Bond Street and then heading to Camden Market to get your socks,” says Boaz Yaari, CEO of Sharegain.
“Securities is the last bastion of oldtech in capital markets,” says Yaari. “It’s a 45-year old industry, it’s relationship-based and driven by systems that might be more than 15-20 years old. That creates a lot of inefficiency.