Hanweck launches trading tool for securities lending rates
24 January 2018 New York
Image: Shutterstock
The financial services provider Hanweck has launched a trading indicator, known as the Borrow Intensity Indicator, designed to mine data from the equity options market to derive securities lending rates and term curves in real time.
The trading indicator uses proprietary calculations that convert real-time implied borrow data into time-series with constant maturity characteristics.
Indicator data is set to available for all securities that have listed options.
Gerald Hanweck Jr, founder and CEO of Hanweck, said: “The options market offers rich signal data that is applicable to several asset classes beyond equity options.”
“As we look to leverage our core Hanweck Options Analytics product to create new offerings and alternative data sets.”
Robert Levy, head of business development for Hanweck, added: “The introduction of the indicator is a first for the securities lending market, where data is typically made available on a T+1 basis.”
The trading indicator uses proprietary calculations that convert real-time implied borrow data into time-series with constant maturity characteristics.
Indicator data is set to available for all securities that have listed options.
Gerald Hanweck Jr, founder and CEO of Hanweck, said: “The options market offers rich signal data that is applicable to several asset classes beyond equity options.”
“As we look to leverage our core Hanweck Options Analytics product to create new offerings and alternative data sets.”
Robert Levy, head of business development for Hanweck, added: “The introduction of the indicator is a first for the securities lending market, where data is typically made available on a T+1 basis.”
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