DataLend launches new index
DataLend has launched a new index, DataLend Target 50, designed to track the most desirable securities in the securities finance industry.
Rebalanced daily, the index is composed of the 50 most expensive equities to borrow in each region. Securities in the index must have a minimum utilisation and volume-weighted average fee or rebate rate to be included.
“The DataLend Target 50 provides a novel, at-a-glance look into the hottest securities in the securities finance market. With this index, traders have an all-new view of the very top of the securities finance market,”, said Ben Glicher, product owner of DataLend.
The index displays an index figure as well as the change in that figure from the previous business day and week.
Rebalanced daily, the index is composed of the 50 most expensive equities to borrow in each region. Securities in the index must have a minimum utilisation and volume-weighted average fee or rebate rate to be included.
“The DataLend Target 50 provides a novel, at-a-glance look into the hottest securities in the securities finance market. With this index, traders have an all-new view of the very top of the securities finance market,”, said Ben Glicher, product owner of DataLend.
The index displays an index figure as well as the change in that figure from the previous business day and week.
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