Data Explorers Limited says that Handelsbanken Capital Markets has bought its Performance Explorer service, which aims to provide performance measurement and benchmarking for securities lending programmes.
Joakim Hakansson, Chief Dealer, Bond & Equity Finance, Handelsbanken Capital Markets says Performance Explorer is benefiting the firm by enabling it to accurately price new equities it is lending and better manage the performance of it programme. “Using Performance Explorer and Transaction Explorer together is a very powerful trading combination, and indispensable in today’s markets,” he says.
Julian Pittam, Managing Director of Performance Explorer, says Handelsbanken is the first bank in the Nordic region to purchase the service.
Performance Explorer is a web-based service that aims to help users to increase their securities lending performance and profitability by comparing individual results against the aggregated data of a broad, customizable universe of industry peers.
Results are viewable at programme, portfolio, asset class, and security and transaction level. Data is provided exclusively by Performance Explorer participants, who include beneficial owners, asset managers, agents and principal borrowers. All customer data is kept confidential and anonymous.
Currently, Performance Explorer collects aggregated data on more than 1.8 million daily securities lending transactions for over 190,000 securities and more than 20,000 portfolios. Recent figures compiled by the service indicated total lendable assets at over $11.5 trillion and total on-loan balances at more than $2.5 trillion.