EquiLend announced today that its Trade2O Service Suite will offer data provided by Data Explorers, giving an indication of the most lent securities from a universe of more than 15,000 equities globally.
Brian Lamb, CEO of EquiLend says, "We are pleased to be able to provide our trading clients with direct access to unique, proprietary data from Data Explorers. Equilend clients using our Trade2O service will have access to Data Explorers' data via the Trade2O interface." The information lists instruments that have the highest number of shares on loan as a percentage of the total number of shares outstanding, also known as the Data Explorers Short Score (DSS).
Lamb continues, "This addition continues to enhance and strengthen the trading services offered to our clients. By giving traders an integrated solution which provides security level market intelligence along with straight through processing, Trade2O continues to evolve for the benefit of the securities finance trading community."
Donal Smith, CEO, Data Explorers comments, "We are very pleased to initiate this partnership with Equilend by providing their customers access to the most comprehensive, timely views on the global securities lending market available anywhere. Our offering of more than 3 million daily transactions delivers unrivalled insight to traders."