SL-x Partners with Markit to Increase Access to Securities Finance Data

SL-x, a securities borrowing and lending platform, has signed an agreement with Markit to provide joint customers with enhanced securities finance data.

The agreement enables users to move between the two separate systems seamlessly, which allows for the combination of real-time trading data from SL-x with Markit’s securities finance analytics.

“The ability to offer our customers access to the SL-x platform from our recently enhanced securities financing web platform will provide borrowing and lending desks with further improvements to their workflow and decision making capabilities,” says David Carruthers, managing director and co-head of securities finance at Markit.

“The addition of real-time data fills an important gap in the information available for stock loan transactions, and our system’s unique capabilities will streamline customers’ workflow as well as reduce their capital requirements, and provide relief to their counterparty credit constraints on centrally cleared trades,” says Peter Fenichel, chief executive officer, SL-x.

SL-x plans to launch in the fourth quarter of 2013 in 17 European markets.