March 2019

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Securities finance data has grown to become a critical element for how lenders, intermediaries and end-users engage with the market. From making trading decisions, to corporate governance, to automating post-trades processing, the acquisition and effective use of securities finance data is a central requirement for any serious market participant.

As the need for market data has grown, so too have vendors in the space evolved. The big three – FIS Astec Analytics, IHS Markit and DataLend – have worked to expand their reach through client acquisition and redistribution deals, and the arrival of DataLend has brought new competitive dynamics that were previously unforeseen. The big three have also been joined by newer vendors like S3 and Hanweck that have identified their own opportunities for data sales.

This report investigates the current state of the securities finance data market across user groups, vendors and revenue opportunities. It considers where the market has come from through to present utilization dynamics, and possible future evolutions in the space.

This report has been written for professionals in securities finance – whether a borrower, lender, intermediary, regulator or service provider – to understand the dynamics and growth cycle of the industry.

Table of Contents

  • Executive Summary
  • The Current State
    • – A Short Market History
    • – The Big Three
  • Key User Groups
    • – The Regulatory Agenda
  • Vendors and Revenues
    • – Market Sizing
  • Future Dynamics in the Space
  • About the Authors
  • About Finadium LLC

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