Data Explorers Ltd. has been appointed by Bank of Ireland Securities Services to provide performance benchmarking services for their securities lending programme.
Currently, Performance Explorer collects aggregated data on more than 1.8 million daily securities lending transactions for over 200,000 securities and more than 20,000 portfolios. Recent figures compiled by the service indicated total lendable assets at over $15.1 trillion and total on-loan balances at more than $3.6 trillion.
“We are delighted to have been chosen by Bank of Ireland Securities Services to provide benchmarking and performance measurement as part of their client servicing. We are experiencing increased demand and anticipate considerable activity in the Irish securities lending market,” says Julian Pittam, managing director, Performance Explorer.
“Performance Explorer provides us with a benchmark to compare how our funds are performing relative to similar funds in the marketplace and provides our clients with greater transparency,” adds Alan Morris, head of securities lending in Bank of Ireland.