IHS Markit and Tokyo Stock Exchange combine exclusive market data
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IHS Markit and Tokyo Stock Exchange combine exclusive market data 07 September 2020London Reporter: Natalie Turner
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IHS Markit Securities Finance and Tokyo Stock Exchange (TSE) are combining mutually exclusive market data into a comprehensive short selling and stock loan dataset.
The dataset is determined to be "essential" for anyone trading in Japan and looking to increase their alternative data and fundamental analysis factors.
The analytics toolset introduces the first holistic view of Japanese securities finance, delivering a higher information ratio for both long and short portfolio construction.
According to IHS Markit, the combined dataset provides five years of historical data across 3,700 Japanese yen (JPY)-denominated equities - including inventory and lendable assets totalling JPY 100 trillion (USD 947.96 billion) and on-loan assets exceeding JPY 15 trillion (USD 142.23 billion) - with daily breakdowns of trading volume and trading value data for all TSE-listed stocks.
The TSE dataset disseminates fragmented data extracted from daily trading value and volumes of TSE-listed issues based on flags for margin transactions and short selling that are attached to orders at the time of placement.
Paul Wilson, managing director and global head of securities finance at IHS Markit, explains: “IHS Markit is continually looking for ways to differentiate its securities finance dataset to provide its customers with alternative data and unique insight that provides them with a competitive edge.
“The tie-up with Tokyo Stock Exchange is aimed at providing a unique view of short interest and securities lending data across the Japanese market that will be valuable for both Japanese institutions as well as international firms alike.”
Wilson adds: “We are looking at other supplementary data points such as corporate actions, supply stability factors and are actively looking at other exchanges to see what interesting data they may have. Timing is really just down to our continued growth and focuses on securities finance data.”
IHS Markit has previously collaborated with Credit Benchmarks, where they added high-quality liquid asset attributes and started publishing monthly returns of six iBoxx fixed income and six MSCI equity indices.
Keisuke Arai, director, information services at TSE, says: "We are excited to be working with and developing market data solutions with IHS Markit. We think the combination of our exchange short data with IHS Markit's stock loan provides a unique view of Japan's equity market for investors and encourages their investment."
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