Data Explorer launches pre-trade analytics for Securities Lending traders

London - 11 October 2006

Data Explorers Limited today announced the release of their latest service offering to the securities lending market, with the launch of Transaction Explorer, “a pre- trade” and “at trade” application; providing an insight into securities lending trading levels.

Transaction Explorer offers the Securities Lending market for the first time, a trading application which provides a comprehensive analysis of price and liquidity, and changes in available lendable quantity through to tracking moving averages in utilisation and fee. Analysis is performed at ISIN level and information is displayed in chart and table format. Data is viewable by term or open trades, by fees and rebates and in quantity or value.

Data Explorers has planned to provide a pre-trade application for some time, responding to demand from clients who have asked for rapid and precise pre-trade data delivery. Having reached a certain size and frequency of data with proven validity and depth, this has now been achieved. Transaction Explorer gives traders in securities lending the insight and means to make immediate and executable trading decisions; which has existed in other parts of the financial markets for some time and that is now available in the securities lending environment.

Transaction Explorer presents a transactional inventory and the ability to understand not just daily and weekly price movements, but also trends in fee distribution. This granularity of data extends to fee and rebate by dividend level.

Transaction Explorer is available to subscribers of Performance Explorer, and maintains our “golden rules” of business and strict controls governing validation, data processing, peer group membership, client segmentation and data integrity.

Julian Pittam, Managing Director, Performance Explorer said “The emphasis of Transaction Explorer is on speed and allowing traders to see vast quantities of data and trends instantly”.

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