Data Explorers Limited has released Transaction Explorer, “a pre- trade” and “at trade” application that aims to providing an insight into securities lending trading levels.
Data Explorers say that Transaction Explorer offers the Securities Lending market comprehensive analysis of price and liquidity, and changes in available lendable quantity through to tracking moving averages in utilisation and fee. Analysis is performed at ISIN level and information is displayed in chart and table format. Data is viewable by term or open trades, by fees and rebates and in quantity or value.
Data Explorers is responding to demand from clients who have asked for rapid and precise pre-trade data delivery. Having reached a certain size and frequency of data with proven validity and depth, this has now been achieved. Transaction Explorer aims to give traders in securities lending the insight and means to make immediate and executable trading decisions.
“The emphasis of Transaction Explorer is on speed and allowing traders to see vast quantities of data and trends instantly,” says Julian Pittam, the MD of Performance Explorer.