Japanese online trading company kabu.com Securities Co., Ltd., a subsidiary of Mitsubishi UFJ Financial Group Inc (TYO:8306), has sealed a partnership deal with DataLend for securities finance market data.
The deal will see clients of kabu.com, which has been offering Forex and CFDs trading along with other services, get access to a wide variety of aggregated industry information.
DataLend, part of securities finance trading and post-trade service provider EquiLend, operates on a give-to-get basis, whereby clients must supply their securities finance transaction data and, in return, access DataLend’s vast resources. This results in a robust and comprehensive data set with coverage from all markets and asset classes.
Masakatsu Saito, President and Chief Executive Officer, kabu.com Securities Co., Ltd., commented: “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.”
“We are thrilled to welcome kabu.com, a leading e-broker active in the securities finance market in Japan, as a client of DataLend,” said Brian Lamb, CEO of EquiLend. “kabu.com joins dozens of clients around the globe accessing DataLend’s comprehensive regional and global securities finance data. DataLend is committed to being the leading securities finance market data provider in Japan and around the globe.”
Japan is the biggest market in Asia for securities finance by total on loan value and the sixth largest globally, DataLend estimates.
To view the official announcement on the partnership, click here.