Claim: SecFinex (formerly known as PPA Capital Limited) was a trading platofrm that covered equities in Europe, the UK, and the US,, that closed down in December 2011 for a number of financial and tactical reasons.
Evidence: Originally known as PPA Capital Limited, the company changed its name to SecFinex, Ltd. in November, 2000. The trading platform covered equities on Dutch, French, German, Irish, Italian, Japanese, Spanish, Swedish, Swiss, the United Kingdom and US equity markets. It was closed down in December 2011, when its main owner, NYSE Euronext, said that despite it believing that central counterparty would play an important part in stock borrowing in the future the business had not gained enough tracking and they had decided to no longer financial support it.