Data Explorers Limited, the securities finance specialists, announced today that it has been appointed by Clearstream Banking to provide performance measurement and benchmarking for their securities lending programme. The company will also use Data Explorers’ Transaction Explorer service to assist with trading decisions, in London and Luxembourg.

Jean Robert Wilkin, Executive Director and Head of GSF Product Management at Clearstream said: “We are confident that Performance Explorer will enhance the service we offer to our lenders. Performance Explorer and Transaction Explorer will enable us to ensure our clients are achieving the best returns and maximizing the lending value and potential of their portfolios”.

Julian Pittam, global sales director at Data Explorers added: “We are delighted to welcome Clearstream Banking to our service, a key tri-party lender who will extend our reach across Europe.”

Performance Explorer is a secure, web-based service that allows participants to increase securities lending performance and profitability by comparing individual results against the aggregated data of a broad, customizable universe of industry peers. Results are viewable at program, portfolio, asset class, and security and transaction level.