Data Explorers enhances securities lending data
24 July 2006 | 1100 views | 0
Source: Data Explorers
Data Explorers Limited today announced it has enhanced its Performance Explorer service and now provides daily updated securities lending data; giving clients even greater accuracy and timely securities lending benchmarking and performance measurement.
Raymond Blokland, Senior Manager Front Office Securities Lending said "Performance Explorer already provides us with clear market information enabling us to maximise the value our lending programme achieves. Getting the information on a daily basis is a significant step forward and will only increase the level and quality of information available to us and our clients. The product will become much more dynamic, which makes it even more the market standard in securities lending information."
Performance Explorer is a secure, web-based service that allows participants to increase securities lending performance and profitability by comparing individual results against the aggregated data of a broad, customizable universe of industry peers. Results are viewable at program, portfolio, asset class, and security and transaction level. Data is provided exclusively by Performance participants and includes beneficial owners, asset managers, agents and principal borrowers. All customer data is kept confidential and anonymous. Currently, Performance Explorer collects aggregated data on more than 1.4 million securities lending transactions for over 190,000 securities and more than 20,000 portfolios. Recent figures compiled by the service indicated total lendable assets at over $10.3 trillion and total on-loan balances at more than $2.4 trillion.
This latest development underlines Data Explorers commitment to continually add value for its rapidly growing global participant base and facilitate enriched timely performance analysis and benchmarking.
Julian Pittam, Managing Director of Performance Explorer said, "We are pleased to reach this milestone which has been requested by our clients. Genuine daily data provision will allow us to continue to provide and develop world class products for our clients".