IHS Markit deploys upgrades to securities finance platform

Securities lenders and borrowers will be able to analyse their performance against best matched peer groups.

By Joe Parsons

IHS Markit has gone live with new additional functionalities to its securities finance platform, including a new tool for securities lenders to compare their performance with rivals.

The enhancements also include wider coverage for the Japanese market, with daily reporting on publicly disclosed short interest for 2000 Japanese securities, a global corporate bond data feed, and an updated US forecasting model.

Securities lenders will be able to analyse their performance against best matched peer groups, based on lending characteristics, while borrowers can compare borrow rates and perform peer group analysis based on market size, trading levels and market share.

“Across the securities financing ecosystem, the pace of innovation is accelerating and in step with market developments, we are providing our customers with enhanced data and analytics to help them manage their businesses with greater efficiency,” said Paul Wilson, managing director and global head of Securities Finance at IHS Markit.

“We are focused on introducing new services for beneficial owners, providing greater visibility into collateral, high quality liquid asset (HQLA) classification, best execution and other regulatory requirements.”

The IHS Markit Securities Finance platform tracks more than $20 trillion of global securities in lending programmes from over 20,000 institutional funds.

Earlier this, IHS Markit signed up nine financial institutions, including Goldman Sachs, Barclays, and Bank of America, to its technology design team for Securities Financing Transaction Reporting (SFTR) reporting.

The banks will collaborate with IHS Markit and Pirum Systems to develop technology to support reporting for the incoming regulation.