CME launches Enso Data Insights for the buy side

Source: CME

CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it has launched ENSO Data Insights, a community benchmarking tool which leverages ENSO’s alternative data set to help customers make more informed investment decisions.

ENSO Data Insights provides hedge funds, asset managers and banks with access to a diverse pool of global multi-asset class securities to help them compare best execution financing rates, trend analysis for long and short position sector changes, sector breakdown, top position movers, crowdedness scoring, and the most active stock borrow rate changes as it relates to the ENSO Rate. The tool helps clients evaluate how market dynamics are driving costs and demands to borrow stock, optimize counterparty management and seize alpha-generating opportunities.

“Until now, the market has had limited access to aggregated and anonymized long and short alternative data”, said Paul Busby, Global Head of ENSO. “ENSO Data Insights taps into our derived data to provide the market with a unique insight into how trending securities are being positioned by alternative fund managers. This allows for an enhanced analytical process, driving better informed investment and best execution financing decisions.”

ENSO is the market leading technology innovator in the portfolio finance and treasury industry and has over one trillion in Assets Under Administration (AUA), covering 33% of the global hedge fund equity long short market. Data Insights is now accessible to ENSO’s global client base.

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