IHS Markit hails “industry milestone” of $25tn lendable assets data coverage
05 January 2020 London
Image: Shutterstock
IHS Markit has revealed that its securities finance data service now accounts for $25 trillion in lendable assets.
The data analytics and financial services provider says its data set has increased by 20 percent over the past 12 months, with a 12 percent increase from new contributors.
The service covers more than 220,000 securities and offers 18 years of historical data, according to IHS Markit.
In a statement on the achievement, the firm thanked its clients and described the data point as a “unique milestone for the industry”.
Utilising its data tools, IHS Markit’s 2019 year-in-review report showed that, despite a global revenue fall of 6.3 percent to $10.1 billion, it was still the second-highest annual revenue in the past decade.
In North America, IHS Markit noted that equity specials picked up significantly in the second half of year, while fee compression led to lacklustre global fixed income revenues.
Earlier this year, the securities finance data service was also bolstered with the addition of a high-quality liquid asset (HQLA) classifications tool.
The portfolio valuations and reference service was opened up to IHS Markit’s securities finance clients in January in order to boost utilisation of HQLA and allow for more accurate asset valuations.
Elsewhere, IHS Markit has also invested in building out its securities finance team covering Europe, the Middle East and Africa (EMEA) this year with the addition of Gavin Marcus as sales director focused on the buy side.
Marcus is based in London and serves as a sales director under Charlie Bedford-Forde, executive director and head of EMEA sales for securities finance.
According to IHS Markit, Marcus will leverage his regulatory experience to focus on buy side business development related to the incoming Securities Financing Transactions Regulation, as well as expanding the firm’s securities finance coverage in Europe.
The data analytics and financial services provider says its data set has increased by 20 percent over the past 12 months, with a 12 percent increase from new contributors.
The service covers more than 220,000 securities and offers 18 years of historical data, according to IHS Markit.
In a statement on the achievement, the firm thanked its clients and described the data point as a “unique milestone for the industry”.
Utilising its data tools, IHS Markit’s 2019 year-in-review report showed that, despite a global revenue fall of 6.3 percent to $10.1 billion, it was still the second-highest annual revenue in the past decade.
In North America, IHS Markit noted that equity specials picked up significantly in the second half of year, while fee compression led to lacklustre global fixed income revenues.
Earlier this year, the securities finance data service was also bolstered with the addition of a high-quality liquid asset (HQLA) classifications tool.
The portfolio valuations and reference service was opened up to IHS Markit’s securities finance clients in January in order to boost utilisation of HQLA and allow for more accurate asset valuations.
Elsewhere, IHS Markit has also invested in building out its securities finance team covering Europe, the Middle East and Africa (EMEA) this year with the addition of Gavin Marcus as sales director focused on the buy side.
Marcus is based in London and serves as a sales director under Charlie Bedford-Forde, executive director and head of EMEA sales for securities finance.
According to IHS Markit, Marcus will leverage his regulatory experience to focus on buy side business development related to the incoming Securities Financing Transactions Regulation, as well as expanding the firm’s securities finance coverage in Europe.
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