The Ledger

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Tenev: Securities lending remains opaque and reliant on Bloomberg Messenger

“The securities lending landscape, which is a huge source of revenue for brokerages and counterparties is very opaque and very inefficient. A lot of these trades are still happening over Bloomberg Messenger.”

Vlad Tenev Nov 21, 2025 ▶ 31:20 Robinhood CEO: Making Everyone An Owner

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The Ledger

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