Markit buys Data Explorers
02 April 2012 London
Image: Shutterstock
Data Explorers has been bought by financial information services company Markit from mid-market private equity firm Bowmark Capital.
Data Explorers’ data set, which covers $12 trillion of securities in the lending programmes of over 20,000 institutional funds, provides a view of short interest data and institutional fund activity across all market sectors.
Markit hopes the partnership will expand its footprint in equity and fixed income markets, and has plans to create products for equity market participants in the ETF, dividend forecasting and quantitative research areas.
Lance Uggla, CEO of Markit, said: “Our acquisition of Data Explorers represents a logical extension to our existing data, research and analytics for the equity markets and complements our extensive fixed income offering.”
Donal Smith, CEO of Data Explorers added: "Data Explorers is now the leading provider of data and analytics to the entire securities finance market from agent lenders through to hedge funds and our services are a great fit with those offered by Markit."
Data Explorers’ data set, which covers $12 trillion of securities in the lending programmes of over 20,000 institutional funds, provides a view of short interest data and institutional fund activity across all market sectors.
Markit hopes the partnership will expand its footprint in equity and fixed income markets, and has plans to create products for equity market participants in the ETF, dividend forecasting and quantitative research areas.
Lance Uggla, CEO of Markit, said: “Our acquisition of Data Explorers represents a logical extension to our existing data, research and analytics for the equity markets and complements our extensive fixed income offering.”
Donal Smith, CEO of Data Explorers added: "Data Explorers is now the leading provider of data and analytics to the entire securities finance market from agent lenders through to hedge funds and our services are a great fit with those offered by Markit."
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