AtlasClear Holdings, Inc. Announces Partnership with LocBox for Securities Lending Technology
AtlasClear Holdings (NYSE: ATCH) has announced a partnership with LocBox to utilize their stock loan inventory management platform and API. The partnership aims to enhance AtlasClear's correspondent clearing platform through Wilson-Davis by capitalizing on hard-to-borrow book for stock lending.
LocBox's web-based platform enables entities to monetize Hard-To-Borrow inventory by making it available to short sellers, ensuring legal compliant locates and preborrows. The system provides traders with reliable and verifiable locates, ensuring short sale executions with full compliance while reducing settlement risks and preventing naked short selling.
The partnership aligns with AtlasClear's FinTech culture and is expected to significantly improve revenues through the implementation of fully paid lending capabilities, which the company identifies as an underutilized business line at Wilson-Davis.
AtlasClear Holdings (NYSE: ATCH) ha annunciato una partnership con LocBox per utilizzare la loro piattaforma di gestione dell'inventario dei prestiti di azioni e API. L'obiettivo della partnership è migliorare la piattaforma di clearing di corrispondenza di AtlasClear attraverso Wilson-Davis, capitalizzando sul book difficile da prendere in prestito per il prestito di azioni.
La piattaforma web-based di LocBox consente agli enti di monetizzare l'inventario Hard-To-Borrow rendendolo disponibile per i venditori allo scoperto, assicurando locazioni e pre-prestiti in conformità legale. Il sistema fornisce ai trader locazioni affidabili e verificabili, garantendo esecuzioni di vendite allo scoperto in piena conformità, riducendo i rischi di regolamento e prevenendo le vendite allo scoperto nude.
La partnership è in linea con la cultura FinTech di AtlasClear e ci si aspetta che migliori significativamente i ricavi attraverso l'implementazione di capacità di prestito completamente pagate, che l'azienda identifica come una linea di business poco sfruttata presso Wilson-Davis.
AtlasClear Holdings (NYSE: ATCH) ha anunciado una asociación con LocBox para utilizar su plataforma de gestión de inventario de préstamos de acciones y API. El objetivo de la asociación es mejorar la plataforma de compensación correspondiente de AtlasClear a través de Wilson-Davis, capitalizando el libro de difícil acceso para el préstamo de acciones.
La plataforma basada en la web de LocBox permite a las entidades monetizar el inventario de Hard-To-Borrow haciéndolo disponible para los vendedores en corto, asegurando ubicaciones y pre-préstamos cumpliendo con la normativa legal. El sistema proporciona a los operadores ubicaciones confiables y verificables, asegurando ejecuciones de ventas en corto con total cumplimiento, mientras reduce los riesgos de liquidación y previene la venta corta desnuda.
La asociación se alinea con la cultura FinTech de AtlasClear y se espera que mejore significativamente los ingresos a través de la implementación de capacidades de préstamo completamente pagadas, que la empresa identifica como una línea de negocio poco utilizada en Wilson-Davis.
AtlasClear Holdings (NYSE: ATCH)는 LocBox와 주식 대출 재고 관리 플랫폼 및 API를 이용하기 위한 파트너십을 발표했습니다. 이 파트너십의 목표는 Wilson-Davis를 통해 AtlasClear의 대리 청산 플랫폼을 향상시키는 것으로, 어려운 대출을 이용하여 주식 대출을 최대한 활용하는 것입니다.
LocBox의 웹 기반 플랫폼은 기관들이 Hard-To-Borrow 재고를 단기 매도자에게 제공함으로써 이를 수익화할 수 있도록 하며, 법적 요건을 충족한 위치와 사전 대출을 보장합니다. 이 시스템은 거래자에게 신뢰할 수 있고 검증 가능한 위치를 제공하여, 준수를 보장하며 매도하는 과정에서 발생할 수 있는 정산 리스크를 줄이고, '넉대' 매도를 방지합니다.
이 파트너십은 AtlasClear의 FinTech 문화와 일치하며, Wilson-Davis에서 활용되지 않은 비즈니스 라인으로 식별되는 완전 결제 대출 기능의 구현을 통해 significantly 수익을 개선할 것으로 기대됩니다.
AtlasClear Holdings (NYSE: ATCH) a annoncé un partenariat avec LocBox pour utiliser leur plateforme de gestion d'inventaire de prêts d'actions et API. L'objectif de ce partenariat est d'améliorer la plateforme de compensation correspondant d'AtlasClear via Wilson-Davis en capitalisant sur le livre difficile à emprunter pour les prêts d'actions.
La plateforme web de LocBox permet aux entités de monétiser l'inventaire Hard-To-Borrow en le rendant disponible pour les vendeurs à découvert, garantissant des localisations et des préprêts conformes à la législation. Le système offre aux traders des localisations fiables et vérifiables, garantissant l'exécution des ventes à découvert dans le respect total, tout en réduisant les risques de règlement et en empêchant la vente à découvert nue.
Le partenariat s'aligne avec la culture FinTech d'AtlasClear et devrait améliorer considérablement les revenus grâce à la mise en œuvre de capacités de prêt entièrement payées, que l'entreprise identifie comme une ligne de business sous-utilisée chez Wilson-Davis.
AtlasClear Holdings (NYSE: ATCH) hat eine Partnerschaft mit LocBox angekündigt, um deren Plattform zur Verwaltung von Aktienleihbeständen und API zu nutzen. Das Ziel der Partnerschaft ist es, die Korrespondenz-Clearing-Plattform von AtlasClear über Wilson-Davis zu verbessern und dabei das schwer zu leihende Buch für den Aktienverleih zu nutzen.
Die webbasierte Plattform von LocBox ermöglicht es den Unternehmen, das Hard-To-Borrow-Inventar zu monetarisieren, indem es für Leerverkäufer verfügbar gemacht wird und sicherstellt, dass die rechtlichen Anforderungen bei Standorten und Vorab-Darlehen erfüllt werden. Das System bietet Händlern zuverlässige und überprüfbare Standorte und gewährleistet, dass Leerverkäufe unter voller Einhaltung durchgeführt werden, wodurch das Abwicklungsrisiko verringert und das Nacktverkaufen verhindert wird.
Die Partnerschaft steht im Einklang mit der FinTech-Kultur von AtlasClear und wird voraussichtlich die Einnahmen erheblich steigern, durch die Implementierung von vollständig bezahlten Leihmöglichkeiten, die das Unternehmen als eine wenig genutzte Geschäftssparte bei Wilson-Davis identifiziert.
- Partnership expected to significantly improve revenues through fully paid lending
- Integration of LocBox platform enhances clearing capabilities and reduces settlement risks
- Expansion into underutilized business line through hard-to-borrow book monetization
- None.
Insights
The partnership between AtlasClear Holdings and LocBox marks a significant technological advancement in the company's securities lending capabilities. The integration of LocBox's inventory management platform addresses a critical gap in the hard-to-borrow market, particularly beneficial for Wilson-Davis's correspondent clearing business.
The strategic value of this partnership lies in three key areas: First, it enables AtlasClear to tap into the growing fully paid lending market, which has seen substantial growth as retail investors seek additional yield on their portfolios. Second, the API-driven platform modernizes the locate and preborrow process, potentially reducing operational costs while enhancing compliance. Third, the technology creates a more transparent and efficient market for short selling, which could attract more institutional clients to their platform.
This move aligns with broader industry trends toward automated securities lending solutions, particularly as regulatory scrutiny of short selling practices intensifies. The focus on preventing naked short selling through verifiable locates positions AtlasClear advantageously in the current regulatory environment.
The partnership's timing is particularly strategic given the increasing demand for efficient securities lending solutions among small and middle-market firms. By integrating this technology into their clearing platform, AtlasClear strengthens its competitive position against larger clearing firms while creating new revenue opportunities through enhanced securities lending capabilities.
“We are very excited about this partnership and the expanded capabilities LocBox brings to our correspondent clearing platform through
LocBox is a web-based stock loan inventory management platform with a corresponding API. LocBox empowers entities to monetize their Hard-To-Borrow inventory by making it available to short sellers in need of Legal Compliant Locates and Preborrows. By providing traders with reliable and verifiable locates, LocBox ensures short sale executions with full compliance, reducing settlement risks and eliminating the possibility of naked short selling. The PreBorrow is the simple solution for the age old problem of Naked Short Selling. This creates a transparent and efficient market, giving traders confidence that their short positions are backed by legitimate inventory.
About AtlasClear Holdings, Inc.
AtlasClear Holdings plans to build a cutting-edge technology enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on the small and middle market financial services firms. The strategic goal of AtlasClear Holdings is to have a fully vertically integrated suite of cloud-based products including account opening, trade execution, risk management, regulatory reporting and settlement. The team that leads AtlasClear Holdings consists of respected financial services industry veterans that have founded and led other companies in the industry including Legent Clearing, Cor Clearing, Axos Clearing, NexTrade, Symbiont, and Anderen Bank.
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About Commercial Bancorp of
Commercial Bancorp is a bank holding company operating through its wholly-owned subsidiary, Farmers State Bank (“FSB”) and has been servicing the local community in
Cautionary Statements Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect AtlasClear Holdings’ current views with respect to, among other things, the future operations and financial performance of AtlasClear Holdings. Forward-looking statements in this communication may be identified by the use of words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "foreseeable," "future," "intend," "may," "outlook," "plan," "potential," "proposed," "predict," "project," "seek," "should," "target," "trends," "will," "would" and similar terms and phrases. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) the closing of all or any portion of the investment from Hanire, (ii) AtlasClear Holdings’ expectations regarding the benefits of the investment from Hanire, including its ability to allow AtlasClear Holdings to accomplish a number of its strategic goals, achieve profitability, deliver the capital needed for its proposed bank acquisition upon approval, solidify its capital foundation, reduce potential dilution, and position the Company to maximize long-term stockholder value, (iii) AtlasClear Holdings’ expectations as to future operational results, (v) AtlasClear Holdings’ anticipated growth strategy, including expected acquisitions, and (v) the financial technology of AtlasClear Holdings.
The forward-looking statements contained in this communication are based on the current expectations of AtlasClear Holdings and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting AtlasClear Holdings will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the control of AtlasClear Holdings. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them.
Such factors include, but are not limited to: any failure by Hanire to deliver the tranches of capital on the anticipated schedule, or at all; any failure by the Company to meet the milestones required to receive the tranches of capital on a timely basis, or at all; failure of the Company to realize the anticipated benefits of the investment of capital, such as achieving profitability, delivering the capital needed for its proposed bank acquisition upon approval, solidifying its capital foundation, reducing potential dilution, and positioning the Company to maximize long-term stockholder value; failure by AtlasClear Holdings to satisfy the closing conditions to any of the tranches of capital, including receipt of stockholder approval; AtlasClear’s inability to successfully integrate, and/or realize the anticipated benefits of, the acquisition of
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Source: AtlasClear
FAQ
How will the LocBox partnership affect ATCH's revenue stream?
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