Japanese e-broker signs to DataLend 20 May 2015New York Reporter: Stephen Durham
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The Japanese brokerage subsidiary of Mitsubishi UFJ Financial Group, kabu.com Securities, has signed on to DataLend for securities finance market data.
DataLend operates on what is known as a ‘give-to-get’ basis, whereby clients must supply their securities finance transaction data in order to access DataLend’s aggregated industry data in return.
Masakatsu Saito, president and CEO of kabu.com Securities, said: “Year after year, trading volume has increased and competition has intensified in the Japanese domestic market, thus it is essential to know trends of market and other companies.”
“We believe that we can contribute to client revenue by performing ratings referencing DataLend data.”
Japan is the largest market in Asia for securities finance by total on-loan value and the sixth largest globally, according to DataLend.
Abenomics, a series of economic policy reforms in Japan, has driven increased interest in the Japanese market by borrowers domestically and globally.
Japan’s eased short-selling restrictions were made permanent in 2013, opening up securities finance opportunities in the market.
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