Fidelity Launches New Version of Securities Lending Tool for Hedge Funds

Fidelity Prime Services, the prime brokerage division of Fidelity Capital Markets, has launched a new version of its securities lending pricing tool for hedge funds, PB Optimize.
By Jake Safane(2147484770)
Fidelity Prime Services, the prime brokerage division of Fidelity Capital Markets, has launched a new version of its securities lending pricing tool for hedge funds, PB Optimize.

The original two, launched two years ago, helps funds decide how to allocate their short portfolios among their prime brokers, with information about rates and performances from various PBs.

The new version includes features such as long lending analytics, intraday lending rates and global corporate actions data, along with trade simulators that can model hypothetical loans and shorts to evaluate potential revenue and carry costs. The latest release, PB Optimize 2.0, is available to Fidelity’s hedge fund clients at no additional cost.

With PB Optimize 2.0, Fidelity hopes to help managers generate potential alpha through this access to real-time data and historical comparisons.

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