Markit Unveils New Securities Lending Data Platform

Markit has launched a new securities lending data online platform that caters to the specific workflow requirements of lenders and borrowers.
By Janet Du Chenne(59204)
Markit 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, says Markit. It will offer:

– Book management to enable lenders and borrowers to benchmark trading positions against market positions

– Interactive charting allowing users to create customisable views based on three years’ history, with integrated news and configurable criteria spanning key securities lending metrics

– Market share analysis to support assessment of concentration risk and opportunities

– Trading flow highlights to help identify squeeze risks and highlight the biggest changes in securities lending fees, lendable inventory and loan balances

– Portfolio monitoring enabling lending desks to create and monitor bespoke portfolios and watch lists with ease

– Rerate tracking to help gauge changes in rate trends

David Carruthers, managing director and co-head of securities finance at Markit says: “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 programe 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 programes of over 20,000 institutional funds and tracks loan balances of $2 trillion.

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