SunGard has launched global, 24-hour real-time streaming of live securities lending transactions through its Astec Analytics solution suite.
The transparency monitoring service will stream intraday data as Astec Analytics customers feed their transactions directly into the system, continuously updating the online analytics and information throughout the global day. Customers will also be able to see on-screen streamed and analyzed data for the previous 48 hours, backed up by online trend analysis of up to seven years. The global intraday data includes more than 1.3 million securities lending transactions at 75 financial institutions and tracks more than 33,000 unique securities on loan on average daily.
Access to intraday data has become an important way to keep pace with price changes in the securities lending market. Traders in fast moving markets and who work with hedge funds and other borrower clients need intraday data to make smarter decisions both for their securities loans and to price trades across a portfolio. As securities lending continues its evolution towards greater transparency, global intraday securities lending will play an expanding role in the markets, said Josh Galper, managing principal, Finadium.
Tim Smith, executive vice president, SunGards Astec Analytics added: Global regulatory authorities are putting a great deal of pressure on industry participants to produce or have access to more transparency to better service their clients. SunGards introduction of global intraday streaming securities lending data is a major step forward in satisfying these needs and assisting with trading and reporting requirements.
(JDC)