Commentary

Steve Grob
Traders Magazine Online News

The Periodic Table

Fidessa's Steve Grob has written a response to Marcus Ferber writing to ESMA condemning periodic auctions. The blog strongly criticizes Ferber's approach, and looks at the problems behind the "lit is good and dark is bad" attitude.

Traders Poll

Do you think that NY AG Schneiderman's probe into crypto exchanges will curtail growth and trading?



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November 1, 2004

Hedgies Keeping Track of Trends

By Staff Reports

Traders and hedge fund managers looking to spot short-selling trends against their positions are the target market of a new product from SunGard. It is offering weekly and daily industry averages that are computed from stock borrowing data.

It comes as no surprise that vendors are finding opportunities in the hot hedge fund industry. However, SunGard says its Securities Borrow Indices has the edge over major competitors. These provide similar data, but only on a monthly basis.

SunGard's product tracks short interest numbers that exchanges offer once a month. SunGard's Borrow Indices measures the value and the growth of the S&P 500, 400 and 600 daily. They also follow the NYSE and the Nasdaq. Also included in the product is a weekly report that goes into more detail. It will also include the industries with the highest share borrowing, as well as those that have had the largest decreases and increases in borrowed shares over the previous week.