S3 Partners launches shorting analytics for Bloomberg
01 July 2016 New York
Image: Shutterstock
S3 Partners has launched the BLACKLIGHT APPs Crowding Kit on the Bloomberg APP Portal to offer real-time analytics on crowded long and short trades.
The service offers users the ability to see how short selling, short covering, long selling and short squeezes are affecting their portfolios as well as monitor real-time data on short interest reporting that challenges biased market indicators.
Borrowing and lending activity can also be monitored can affect market price action and financing rate movements.
There are also options to track crowded longs and shorts for specific corporate names, exchange traded funds, sectors and indices and see.
The BLACKLIGHT APP uses S3 BLACKLIGHT's financing rate data, which is already available on the Bloomberg Professional service pages.
By connecting trading and financing market activities, the BLACK APP provides Bloomberg Professional service subscribers with the ability to identify short selling events.
The service also allows user to judge a security’s borrow velocity relative to market float, real-time short interest, financing cost and supply capacity.
According to S3 Partners, BLACK APP automates a traditionally labour-intensive process, streamlining the financing workflow of those borrowing or lending a stock, exchange-traded fund or index.
“We value the opportunity to work with Bloomberg to deliver unique data and analytics that market participants can use to inform and support a wide-range of investment strategies and requirements,” said S3 Partners founder Bob Sloan.
“BLACK APPS market-leading analytics can help Bloomberg subscribers solve financing workflow issues, as well as analyse crowding activity in real-time—an essential factor for making both trade and investment decisions in today’s fast-moving market.”
The service offers users the ability to see how short selling, short covering, long selling and short squeezes are affecting their portfolios as well as monitor real-time data on short interest reporting that challenges biased market indicators.
Borrowing and lending activity can also be monitored can affect market price action and financing rate movements.
There are also options to track crowded longs and shorts for specific corporate names, exchange traded funds, sectors and indices and see.
The BLACKLIGHT APP uses S3 BLACKLIGHT's financing rate data, which is already available on the Bloomberg Professional service pages.
By connecting trading and financing market activities, the BLACK APP provides Bloomberg Professional service subscribers with the ability to identify short selling events.
The service also allows user to judge a security’s borrow velocity relative to market float, real-time short interest, financing cost and supply capacity.
According to S3 Partners, BLACK APP automates a traditionally labour-intensive process, streamlining the financing workflow of those borrowing or lending a stock, exchange-traded fund or index.
“We value the opportunity to work with Bloomberg to deliver unique data and analytics that market participants can use to inform and support a wide-range of investment strategies and requirements,” said S3 Partners founder Bob Sloan.
“BLACK APPS market-leading analytics can help Bloomberg subscribers solve financing workflow issues, as well as analyse crowding activity in real-time—an essential factor for making both trade and investment decisions in today’s fast-moving market.”
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