SunGard to Offer Same Day Securities Lending Data
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.”
About SunGard’s Astec Analytics
SunGard’s Astec Analytics specializes in market information solutions for the global securities financing industry. Leveraging an expansive database of daily securities lending transactional data, Astec provides analytic solutions for trading, performance measurement and program management. Established in 1980, Astec provides analytics and benchmarking tools to financial institutions involved in securities borrowing and lending, and investment management. For more information, visit www.sungard.com/securitiesfinance.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Astec Analytics are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.