IHS Markit adds new features to Securities Finance platform

IHS Markit, a provider of critical information, analytics and solutions, has added new functionality to its Securities Finance platform, a leading source of data and intelligence on global securities financing transactions.

IHS Markit Securities Finance tracks more than $20 trillion of global securities in lending programs from 20,000-plus institutional funds. The platform includes 12 years of historical data on more than three million intraday transactions. Data is sourced directly from leading industry practitioners, such as prime brokers, custodians, asset managers and hedge funds.

The enhancements deliver public disclosure coverage for the Japanese market, a global data feed on corporate bond lending activity, an updated model for forecasting short interest in the U.S., and multi-asset performance measurement tools.

Specifically, the new functionality in the IHS Markit Securities Finance platform includes daily reporting on publicly disclosed short interest for 2,000 Japanese securities, which complements existing APAC coverage in Australia, Hong Kong, South Korea, and Taiwan and increases coverage to 23 markets globally.

In addition, IHS Markit is providing unique assessments of the securities lending supply and demand across the capital structure of a company, which helps to identify companies at risk of default and monitor short selling activity beyond traditional equity metrics.

There are also proprietary, weighted-average forecasts for U.S. assets, with additional inputs on correlations to daily securities lending balances, dividends and trade volumes, and a peer comparison tool for securities lenders to precisely analyze their performance against best matched peer groups based on lending characteristics. For borrowers, it is an intuitive engine for comparing borrow rates among borrowers and performing peer group analyses on market size, trading levels and market share.

“Across the securities financing ecosystem, the pace of innovation is accelerating and in step with market developments, we are providing our customers with enhanced data and analytics to help them manage their businesses with greater efficiency,” said Paul Wilson, managing director and global head of Securities Finance at IHS Markit. “We are focused on introducing new services for beneficial owners, providing greater visibility into collateral, high quality liquid asset (HQLA) classification, best execution, and other regulatory requirements.”

For more information, go to www.ihsmarkit.com