DataLend targeting the big 50
15 October 2014 New York
Image: Shutterstock
DataLend’s tracking index, DataLend Target 50, has been launched into the securities finance industry.
DataLend Target 50, which is composed of the 50 most expensive equities to borrow in each region, is available on the Data Dashboard screen of the DataLend user interface.
Included in the index is the minimum utilisation and volume-weighted average fee and is used as a benchmark to determine how securities in the finance market are trending over time.
Ben Glicher, product owner of DataLend, said: “The DataLend Target 50 provides a novel, at-a-glance look into the hottest securities in the securities finance market. With this index, traders have an all-new view of the very top of the securities finance market.”
DataLend Target 50 displays an index figure as well as the change in the figure from the previous business day and week. The index will also display each security’s current DataLend rate to users.
DataLend Target 50, which is composed of the 50 most expensive equities to borrow in each region, is available on the Data Dashboard screen of the DataLend user interface.
Included in the index is the minimum utilisation and volume-weighted average fee and is used as a benchmark to determine how securities in the finance market are trending over time.
Ben Glicher, product owner of DataLend, said: “The DataLend Target 50 provides a novel, at-a-glance look into the hottest securities in the securities finance market. With this index, traders have an all-new view of the very top of the securities finance market.”
DataLend Target 50 displays an index figure as well as the change in the figure from the previous business day and week. The index will also display each security’s current DataLend rate to users.
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