Markit gets going with web platform
19 March 2014 London
Image: Shutterstock
Markit has launched a new securities lending data online platform to caters to 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.
Enhanced functionality includes:
Book management, which enables lenders and borrowers to benchmark trading positions against market positions;
Interactive charting, which allows users to create customisable views based on three years’ history, with integrated news and configurable criteria spanning key securities lending metrics;
Market share analysis, which supports assessment of concentration risk and opportunities;
Trading flow highlights, which help to identify squeeze risks and highlights the biggest changes in securities lending fees, lendable inventory and loan balances;
And portfolio monitoring, which helps lending desks to easily create and monitor bespoke portfolios and watch lists with ease.
David Carruthers, managing director and cohead of securities finance at Markit, said: “The portal takes all of the securities finance information that we already have and displays it out in a more flexible and tailored fashion which can be configured to reflect the workflow of the user be they on the lender or borrower side."
"Markit has extensive specialised data sets that are relevant to the stock loan community. We have selectively integrated some of these, such as dividend forecasting into the core securities lending offering to provide customers more contextual information and we plan to further integrate other relevant Markit data such as liquidity scores and validated corporate actions so users can factor availability into their decision making process.”
“The portal is also very scalable—if a client has an idea for an enhancement, it doesn’t take that long for us to incorporate their feedback and build a new module. As businesses are becoming more complex, and regulatory change abounds, clients are asking for more. Our product development is defined by our customers and we have spent over six months in consultation with them to provide this new infrastructure.”
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.
Enhanced functionality includes:
Book management, which enables lenders and borrowers to benchmark trading positions against market positions;
Interactive charting, which allows users to create customisable views based on three years’ history, with integrated news and configurable criteria spanning key securities lending metrics;
Market share analysis, which supports assessment of concentration risk and opportunities;
Trading flow highlights, which help to identify squeeze risks and highlights the biggest changes in securities lending fees, lendable inventory and loan balances;
And portfolio monitoring, which helps lending desks to easily create and monitor bespoke portfolios and watch lists with ease.
David Carruthers, managing director and cohead of securities finance at Markit, said: “The portal takes all of the securities finance information that we already have and displays it out in a more flexible and tailored fashion which can be configured to reflect the workflow of the user be they on the lender or borrower side."
"Markit has extensive specialised data sets that are relevant to the stock loan community. We have selectively integrated some of these, such as dividend forecasting into the core securities lending offering to provide customers more contextual information and we plan to further integrate other relevant Markit data such as liquidity scores and validated corporate actions so users can factor availability into their decision making process.”
“The portal is also very scalable—if a client has an idea for an enhancement, it doesn’t take that long for us to incorporate their feedback and build a new module. As businesses are becoming more complex, and regulatory change abounds, clients are asking for more. Our product development is defined by our customers and we have spent over six months in consultation with them to provide this new infrastructure.”
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