SunGard steps up the fight for securities lending data
11 February 2013 New York
Image: Shutterstock
SunGard has launched a global, 24-hour real-time streaming of live securities lending transactions through its Astec Analytics solution suite, competing with offerings from EquiLend and Markit Securities Finance.
“Access to intraday data has become an important way to keep pace with price changes in the securities lending market,” said Josh Galper, managing principal at Finadium.
“Traders in fast moving markets and who work with hedge funds and other borrower clients need intraday data to make smarter decisions both for their securities loans and to price trades across a portfolio. As securities lending continues its evolution towards greater transparency, global intraday securities lending will play an expanding role in the markets.”
Tim Smith, executive vice president, SunGard’s Astec Analytics added that global regulatory authorities are putting a great deal of pressure on industry participants to produce or have access to more transparency to better service their clients.
“SunGard’s introduction of global intraday streaming securities lending data is a major step forward in satisfying these needs and assisting with trading and reporting requirements.”
Each day, SunGard’s Astec Analytics will stream intraday data as its customers feed their transactions directly into the system, continuously updating the online analytics and information throughout the global day. Customers will also be able to see on-screen streamed and analysed data for the previous 48 hours, backed up by online trend analysis of up to seven years.
With the introduction of a global intraday data service, the firm hopes to help increase profitability and improve transparency throughout the world’s trading day.
SunGard's Astec Analytics currently monitors more than 1.3 million securities lending transactions at 75 financial institutions and tracks more than 33,000 unique securities on loan on average daily, but the firm has stiff competition.
In January EquiLend launched DataLend, a new market data provider for the global securities finance market.
The firm promised proprietary quantitative cleansing methods for an “excellent” quality of data, with Ben Glicher, CIO of EquiLend, commenting at the time: "After an intensive and extended beta phase, it is evident that we are bringing top quality, thoroughly cleansed, unadulterated data to the securities finance market. We believe that our data is more than just competitive and it is our aim to become the industry leader in global securities finance market data."
Markit Securities Finance has been another competitor since its purchase of Data Explorers, which provided a view of short interest data and institutional fund activity across all market sectors.
Most recently, the firm released a new enhancement to Markit Data Analytics & Research’s Factor product that tracks short selling sentiment. The new suite found that the cost of shorting is among the top performing (the best in Europe) of all factors since January 2007, with a high and consistent return.
“Access to intraday data has become an important way to keep pace with price changes in the securities lending market,” said Josh Galper, managing principal at Finadium.
“Traders in fast moving markets and who work with hedge funds and other borrower clients need intraday data to make smarter decisions both for their securities loans and to price trades across a portfolio. As securities lending continues its evolution towards greater transparency, global intraday securities lending will play an expanding role in the markets.”
Tim Smith, executive vice president, SunGard’s Astec Analytics added that global regulatory authorities are putting a great deal of pressure on industry participants to produce or have access to more transparency to better service their clients.
“SunGard’s introduction of global intraday streaming securities lending data is a major step forward in satisfying these needs and assisting with trading and reporting requirements.”
Each day, SunGard’s Astec Analytics will stream intraday data as its customers feed their transactions directly into the system, continuously updating the online analytics and information throughout the global day. Customers will also be able to see on-screen streamed and analysed data for the previous 48 hours, backed up by online trend analysis of up to seven years.
With the introduction of a global intraday data service, the firm hopes to help increase profitability and improve transparency throughout the world’s trading day.
SunGard's Astec Analytics currently monitors more than 1.3 million securities lending transactions at 75 financial institutions and tracks more than 33,000 unique securities on loan on average daily, but the firm has stiff competition.
In January EquiLend launched DataLend, a new market data provider for the global securities finance market.
The firm promised proprietary quantitative cleansing methods for an “excellent” quality of data, with Ben Glicher, CIO of EquiLend, commenting at the time: "After an intensive and extended beta phase, it is evident that we are bringing top quality, thoroughly cleansed, unadulterated data to the securities finance market. We believe that our data is more than just competitive and it is our aim to become the industry leader in global securities finance market data."
Markit Securities Finance has been another competitor since its purchase of Data Explorers, which provided a view of short interest data and institutional fund activity across all market sectors.
Most recently, the firm released a new enhancement to Markit Data Analytics & Research’s Factor product that tracks short selling sentiment. The new suite found that the cost of shorting is among the top performing (the best in Europe) of all factors since January 2007, with a high and consistent return.
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