SunGard has launched a 24-hour live-stream of securities lending transactions on its Astec Analytics suite.
Astec Analytics will stream intraday data as customers feed their transactions into the system, with the online analytics system updated on a continuous basis. Data are streamed on-screen in real time, while in-depth analyses can be made from data from the previous 48 hours or trend analyses from up to seven years of data.
SunGard says Astec Analytics monitors more than 1.3 million securities lending transactions at 75 financial institutions and tracks more than 33,000 unique securities on loan on an average day.
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, says Tim Smith, executive vice president, SunGards Astec Analytics. 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.
SunGard is one of a handful of providers offering securities lending data, a list that also includes Markit Securities Finance (formerly DataExplorers) and the recently launched DataLend from EquiLend.
(CG)