Markit, Pirum Pair on Securities Finance Data

david-carruthers-markit
David Carruthers, Markit

Those clients now use Pirum’s data hub to deliver intraday and end-of-day trade data to Markit’s securities finance global data set. The partnership builds on the securities finance coverage already collated by Markit through direct customer contributions, which covers over $15 trillion of securities in the lending programmes of over 20,000 institutional funds and tracks loan balances of approximately $2 trillion.

Pirum’s new API delivery mechanism will also enable customers, including Normura, to immediately benefit from enhanced coverage and timeliness. 

“This initiative enables Nomura to participate in Markit’s enhanced securities finance data service while utilising existing connectivity with both Markit and Pirum. Intraday market data will be an important tool for analysis and trade execution activities," says Ben Challice, Nomura's managing director and global head of equity finance.

Adds David Carruthers, managing director and cohead of securities finance at Markit, "The benefits of this integration extend beyond traditional securities lending and borrowing data to encompass pending, repo and collateral data. Markit’s data coverage spans a spectrum of trade types and reinforces our commitment to providing customers with a single platform that meets their data needs across the entire securities financing workflow.”

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