iLex announces data partnership with Refinitiv
Singapore, 13 October 2020 – iLex, a financial technology start-up that is enabling the transformation of the corporate loan market, today announced that it has signed a partnership agreement with Refinitiv through its LPC brand, to integrate their loan solutions and redistribute LPC loan market data on the iLex platform. iLex will introduce its smart analytics feature ‘LPC by iLex’ to provide users with 360-degree market analyses and full details of loan transactions.
iLex Analytics – the start-up’s data and analytics offering – aggregates data collectively from loan activities on its proprietary platform and from its data partners such as Refinitiv. Through its intuitive and user-centric interface, iLex subscribers will have instant access to details of every reported deal in the primary and secondary loan markets across APAC. iLex’s value-add is in the aggregation of multiple data sources, data quality control, and in providing customised analytics all available on a single platform.
By utilising the iLex platform, loan syndication teams and buy-side investors will significantly reduce the time and effort currently required to consolidate data from different sources, run credit analyses and conduct due diligence on potential loan deals. From historical price comparisons to liquidity analyses and the profiling of market participants, iLex provides participants with instant access to market insights to streamline credit decisions and capture more deal opportunities.
“Refinitiv is always supportive of solutions that facilitate transparency and efficiency in the loan market,” said Mike Lavin, Global Head of Capital Markets Insight at Refinitiv. “We are excited to work with iLex in providing improved workflow and data combinations to market participants across APAC. Bringing Refinitiv LPC data into the iLex platform will provide LPC and iLex users with new ways to access and benefit from our unique global real time news and data.”
Commented Bertrand Billon, Founder and CEO of iLex, “We are pleased to partner with Refinitiv, one of the industry leaders in providing data to the global loan market, which will help boost activities on the iLex platform and create a reliable source of global information for market participants. We believe our partnership will deliver benefits to all market participants in terms of credit research, market efficiency and price discovery.”
iLex also recently received support from the Financial Sector Development Fund under the Financial Sector Technology and Innovation (FSTI) scheme.
Billon said, “We are grateful that iLex’s development of an electronic market and trading platform for corporate loans is supported by the Financial Sector Development Fund administered by Monetary Authority of Singapore (MAS).”
iLex’s Suite of Data Offerings
- Market Pulse: Real-time transaction volumes segmented by borrower, deal and lender criteria (e.g. industry, country, currency, tenor, etc.) for selected loans transactions
- Borrower Insights: Automated liquidity analysis on a borrower’s name or peer group
- Lender Insights: Overview of a lender’s market activities, with details across multiple criteria and list of transactions
- Loan Analyser: Benchmarking of loan prices in the primary and secondary markets based on multiple search criteria and peer group analysis, with sector curves.
- Market Heatmap: Real-time aggregation and visualisation of market demand/offer and hot spots, new deal pipeline, live market activities, and market sentiments.
iLex is a fintech start-up creating the first all-to-all electronic market and trading platform for corporate loans, delivering an augmented network and targeted deal opportunities for loan market participants using its proprietary matching engine. Through the use of its digital solutions and strategic partnerships, iLex will facilitate the end-to-end automation of primary syndication and secondary market workflows and provide a comprehensive source of loan market data and analytics. Supported by industry players in the loan market ecosystem, iLex is leading innovation to deliver better liquidity, efficiency and intelligence to the corporate loan market. iLex was launched in 2019 and is based in Singapore. For more information, please visit www.ilex.sg.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information, visit: www.Refinitiv.com.