DataLend Launches Target 50 Securities Finance Index

NEW YORK (Oct. 15, 2014)—DataLend, the securities finance market data division of EquiLend, has launched the DataLend Target 50—an index tracking the hottest securities in the securities finance industry.

The DataLend Target 50, which is composed of the 50 most expensive equities to borrow in each region, is available now to existing clients on the Data Dashboard screen of the DataLend user interface. Securities in the index must have a minimum utilization and volume-weighted average fee or rebate rate to be included.

The DataLend Target 50, which is rebalanced daily, is a benchmark to determine how the hottest securities in the finance market are trending over time.

Ben Glicher, product owner of DataLend, says: “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.”

The DataLend Target 50 displays an index figure as well as the change in that figure from the previous business day and week. It also allows users to drill down into the underlying components of the index to display each security’s current DataLend rate, the user firm’s volume-weighted average fee for that security and whether it is trending hotter or cooler from the previous business date.

DataLend currently has data on $1.8 trillion in on-loan value and $13 trillion in inventory value across more than 40,000 unique securities globally. DataLend was recently voted the Best Market Data Provider Globally in the Global Investor/ISF Awards 2014.

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