US SEC Unlocks a New Currency for Wall Street’s Most Overlooked Market

The US SEC is now allowing broker-dealers to use a wider range of stocks—specifically, baskets of large American companies from the Russell 1000 and S&P 500 Indices—as collateral when borrowing securities from large institutional investors. Previously, firms could only use safer, traditional assets like cash, US government bonds, or bank guarantees as collateral. Under this The post US SEC Unlocks a New Currency for Wall Street’s Most Overlooked Market appeared first on BeInCrypto.