Despite the immense size of the securities lending market, traders almost always use a single provider when borrowing stock to support short sales. While some of the largest hedge funds have multiple prime brokers, enabling them to compare lending rates and potentially bargain for better ones, the vast majority of short sellers don't have that luxury.
Quadriserv, founded in 2001 by a group of securities lending, prime brokerage, and futures and equity execution veterans, has sought to introduce transparency to the historically opaque stock-loan industry and to give its customers an additional source from which to borrow securities.
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