S3 Partners released an upgrade to its Bloomberg terminal app, which gives buy- and sell-side real-time short interest, securities finance rates and search capabilities for the securities lending market.
That means being able to access historical short interest changes or finance rates by index, sector, industry, country, or user-uploaded portfolio; predict moves in short interest and financing rates; and benchmark financing rates for MiFID II management.
BLACK APP delivers real-time short interest, market-standard borrow and loan rates, and predictive analytics that identify trading and portfolio-finance opportunities on more than 28,000 equity and fixed income equities, indices and ETFs globally–allowing market participants to see:
- Accurate real-time short interest levels on a per share, percentage-of-float and notional basis without having to wait for numbers that are only published twice per month
- How short selling, short covering, long selling and potential short squeezes impact portfolios
- Crowding Indicator for specific corporate names, ETFs, sectors and indices
- Finance Rates and Days to Cover.
The tech provider plans additional campaigns in the US, and new rollouts in Europe and Asia.