SunGard is now offering same day securities lending data through SunGard’s Astec Analytics Lending Pit solution, helping customers improve price discovery, increase profitability and decrease risk.
Broker-dealers and lending agents currently rely on data that is at least one to two days old, making it difficult to monitor the fast moving securities lending market or formulate the optimal trading and investment decisions.
SunGard’s Astec Analytics Lending Pit updates global securities-level rate and volume information several times throughout the day, providing customers empirical evidence about the latest market sentiment. In addition, data from Europe, the Middle East, Africa and Asia Pacific is posted around the clock, while US data is streamed in near real-time on a 24-hour basis.
Tim Smith, executive vice president of SunGard’s Astec Analytics business unit, said, “In the current securities lending environment, sentiment can change completely in the span of only a few hours. Traditionally, these intraday movements are hard to predict and even harder to fully capitalize on. By providing market data throughout the day, SunGard can help securities lending professionals better understand market activity and make more informed borrowing and lending decisions.”