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Lending Pit

SunGard’s Astec Lending Pit is a browser-based market information service for securities lending professionals.  It is used on trading desks globally and gives traders valuable rebate/fee and loan volume information for a broad coverage of the equity and fixed income issues on loan in every market.  Traders leverage this data to maximize their securities lending spreads in a market that can feature widely divergent rebate rates and fees, even for the same security on the same day.  The data underlying Lending Pit is also available to Lending Pit subscribers who wish to analyze the data using in-house systems.

Features

• Provides a database infrastructure and application design built, owned and maintained by SunGard
• Updates data each morning with loans that were outstanding as of the market open
• Shows graphical representation for quick data interpretation
• Achieves sub-second response times to crucial pre-trade queries
• Helps enable users to view and/or download up to 15 months of historical data
• Offers red flag service to identify positions whose rebates differ significantly from market averages
• Contains user definable watch lists
• Trawls research sectors/industries for profitable lending opportunities
  

Benefits

• Designed with a trader’s time constraints in mind
• Feeds the most pertinent data directly to the traders so they are able to gain key insights quickly and with minimal effort
• Provides reports focused directly on stock loan profitability
• Protects all data through external and internal non-disclosure agreements
  

Brochures & Datasheets

• Lending Pit Fast Facts [PDF, 113 KB]

Related Products & Services

• Global One

  A suite of products designed for real-time administration and management of international and domestic securities lending programs supporting both brokers and lenders.

• Loanet

  An equity finance solution serving broker-dealers, custodian banks, agent lenders and other participants in securities lending.

• Martini

  A trading system for bond and equity financing used by investment banks, broker-dealers, hedge funds and other investment funds.