Markit sets the benchmark
16 June 2014 London
Image: Shutterstock
Markit is launching a new securities financing benchmarking service for lenders.
The service offers lenders and beneficial owners a consistent benchmark methodology reflecting security level inventory and loans, with the flexibility to customise timeframes and markets.
It also offers multiple levels of drill down at the counterparty, fund, asset class, market and sector levels, as well as at the instrument level. The service will be available through multiple channels including the securities finance web portal, Microsoft Excel and API.
David Carruthers, managing director and co-head of securities finance at Markit, commented: "Every securities lending programme is unique and we are pleased to offer our core lending customers a reporting solution that accurately benchmarks this uniqueness.”
“This further emphasises our commitment to consulting with customers to provide a single platform that meets the needs of all securities lending participants."
The firm is also adding new screening functionality to its recently launched securities financing web portal. It will allow lenders and borrowers to identify trading opportunities, monitor markets and identify risks across their securities finance programmes.
The web portal, launched in March, already offers book management, interactive charting, market share analysis, trading flow highlights, and portfolio monitoring.
Markit will demonstrate the new services at the International Securities Lending Association conference in Berlin, with both services being available to customers in July.
The service offers lenders and beneficial owners a consistent benchmark methodology reflecting security level inventory and loans, with the flexibility to customise timeframes and markets.
It also offers multiple levels of drill down at the counterparty, fund, asset class, market and sector levels, as well as at the instrument level. The service will be available through multiple channels including the securities finance web portal, Microsoft Excel and API.
David Carruthers, managing director and co-head of securities finance at Markit, commented: "Every securities lending programme is unique and we are pleased to offer our core lending customers a reporting solution that accurately benchmarks this uniqueness.”
“This further emphasises our commitment to consulting with customers to provide a single platform that meets the needs of all securities lending participants."
The firm is also adding new screening functionality to its recently launched securities financing web portal. It will allow lenders and borrowers to identify trading opportunities, monitor markets and identify risks across their securities finance programmes.
The web portal, launched in March, already offers book management, interactive charting, market share analysis, trading flow highlights, and portfolio monitoring.
Markit will demonstrate the new services at the International Securities Lending Association conference in Berlin, with both services being available to customers in July.
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