MUFJ Brokerage Unit Signs on to DataLend

kabu.com Securities, the Japanese online brokerage subsidiary of Mitsubishi UFJ Financial Group, has signed on to DataLend for securities finance market data.
By Janet Du Chenne(59204)
kabu.com Securities, the Japanese online brokerage subsidiary of Mitsubishi UFJ Financial Group, has signed on to DataLend for securities finance market data.

Masakatsu Saito, president and CEO, kabu.com Securities, says: “Year after year, trading volume has increased and competition has intensified in the Japanese domestic market, thus it is essential to know trends of market and other companies. We believe that we can contribute to client revenue by performing ratings referencing DataLend data.”

DataLend, the market data division of securities finance trading and post-trade service provider EquiLend, operates on a give-to-get basis, whereby clients must supply their securities finance transaction data in order to access DataLend’s aggregated industry data in return. This results in a robust and comprehensive data set with coverage from all markets and asset classes around the globe.

“We are thrilled to welcome kabu.com, a leading e-broker active in the securities finance market in Japan, as a client of DataLend,” says Brian Lamb, CEO of EquiLend. “kabu.com joins dozens of clients around the globe accessing DataLend’s comprehensive regional and global securities finance data. DataLend is committed to being the leading securities finance market data provider in Japan and around the globe.”

Japan is the largest market in Asia for securities finance by total on loan value and the sixth largest globally, according to DataLend data.

Abenomics, a series of economic policy reforms in Japan, has driven increased interest in the Japanese market by borrowers domestically and globally. Japan’s eased short-selling restrictions were made permanent in 2013, opening up securities finance opportunities in the market.

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