DATALEND LAUNCHES SECURITIES LENDING CLIENT PERFORMANCE REPORTING SERVICE
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January 28, 2014
DataLend, the securities finance market data provider launched in 2013 by EquiLend, has released its Client Performance Reporting service, which enables agent lenders and beneficial owners to benchmark their securities lending performance.
The service allows users to produce customizable reports on overall firm, beneficial owner organization and legal entity-level performance metrics over time. It allows for peer group performance comparisons and benchmarking using a variety of filters, including collateral types allowed, fiscal location, fund size, fund type and other attributes.
Client Performance Reporting takes a standardized approach to peer group benchmarking, allowing for flexibility while ensuring a representative sample size.
Ben Glicher, chief information officer and head of DataLend, says: “More than ever, beneficial owners are asking for more transparency into the performance of their securities lending programs. Client Performance Reporting allows agent lenders to supply their clients with insight into their securities lending activities, not just on an individual beneficial owner level but with the added depth of benchmarking against industry peers.”
DataLend’s Client Performance Reporting service is available to DataLend’s agent lender users. Beneficial owners may request reports as well.
DataLend was named the securities finance industry’s Best Market Data Provider globally in the Global Investor/ISF Awards 2013.
EquiLend is a leading provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is backed by 10 global financial institutions: BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan Clearing, J.P. Morgan, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.
Used by securities borrowers and lenders globally, the EquiLend platform (for equities) and BondLend platform (for fixed income) automate formerly manual trading and post-trade processes in the securities finance industry. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. DataLend, the securities finance market data division of EquiLend, provides highly cleansed and standardized securities finance data covering all asset classes, regions and markets globally.