Funds Europe found in its recent survey of beneficial owners that these institutions view securities lending as an investment product and should in turn use independent securities lending data to optimize their programs, mitigate risk and support them in their fiduciary responsibilities.
With the introduction of specialized market data providers such as DataLend, monitoring metrics on a daily basis has become a critical task for participants in the securities finance market.
On the surface, DataLend may seem like a fairly straightforward product: The system takes in some data from users and returns some data to users. However, when you look under the hood you quickly realize that processing and distributing this data is no easy task.
As the financial crisis roiled the global markets in 2008, the business models of these dealers were about to fundamentally change.