Markit, a leading global diversified financial information services company, has launched a new securities lending data online platform that caters to the specific workflow requirements of lenders and borrowers.
The new service will introduce complementary Markit datasets; offer more timely data with the inclusion of pending and intraday trades; and enhance the functionality of several existing products to offer:
David Carruthers, managing director and cohead of securities finance at Markit said: “We have invested in our online platform following extensive feedback from our lender and borrower customers. This new delivery channel is intuitive and can be easily scaled to meet the rapidly evolving requirements of the converging worlds of stock loan, repo and collateral management. This is part of a broader programme to address the growing collateral management requirements while continually enhancing our products as the securities lending market evolves.”
Markit’s daily global securities financing data covers $15 trillion of securities in the lending programmes of over 20,000 institutional funds and tracks loan balances of $2 trillion. It provides a comprehensive view of short interest data and institutional fund activity across equities and fixed income spanning all market sectors.
Over the past decade the dataset has brought transparency to the market, helping beneficial owners and custodians benchmark the effectiveness of their securities lending activities. Our analytics are used by lenders and borrowers to assess rates, availability, squeeze risk and make better informed investment decisions.