S3 Partners extends free access to shorting and securities finance app
11 May 2020 New York
Image: SFIO CRACHO/Shutterstock.com
Financial technology and data analytics firm S3 Partners has extended its 60-day free access to BLACK App PRO, its securities finance and short selling tracking suite, for all Bloomberg Terminal users.
S3 Partners says the offer has been continued to allow Bloomberg users to more effectively navigate the volatility caused by the COVID-19 pandemic.
According to S3 Partners, BLACK App PRO offers users a new suite of short interest and securities finance screening tools, analytics and data. Users can also help mitigate risk during this volatile time, the firm adds.
By connecting trading and financing market activities, the BLACK APP aims to provides Bloomberg professional service subscribers with the ability to accurately identify short selling events and a security's borrow velocity relative to market float, real-time short interest, financing cost and supply capacity.
The BLACK APP uses S3 BLACKLIGHT financing rate data, which is available on the Bloomberg Professional service to deliver real-time analytics on crowded trades.
S3 Partners first launched the on the Bloomberg APP Portal to offer real-time analytics on crowded long and short trades in 2016.
Of the extended free access, S3 founder Bob Sloan says: "We are offering an extended look into why even during a period of extreme market stress; there have been zero cancellations of our app in the last month.
鈥淭he risk mitigation features of our app show the need for the most accurate short interest and financing rate data when everyone is social distancing, working remotely, and trading in volatile markets."
Mike King, head of Bloomberg App Portal, adds: "We want to thank S3 for generously extending free use of their app to the Bloomberg Terminal subscriber community during this challenging time. We believe the Bloomberg App Portal provides the extra insights and tools needed by our clients."
S3 Partners says the offer has been continued to allow Bloomberg users to more effectively navigate the volatility caused by the COVID-19 pandemic.
According to S3 Partners, BLACK App PRO offers users a new suite of short interest and securities finance screening tools, analytics and data. Users can also help mitigate risk during this volatile time, the firm adds.
By connecting trading and financing market activities, the BLACK APP aims to provides Bloomberg professional service subscribers with the ability to accurately identify short selling events and a security's borrow velocity relative to market float, real-time short interest, financing cost and supply capacity.
The BLACK APP uses S3 BLACKLIGHT financing rate data, which is available on the Bloomberg Professional service to deliver real-time analytics on crowded trades.
S3 Partners first launched the on the Bloomberg APP Portal to offer real-time analytics on crowded long and short trades in 2016.
Of the extended free access, S3 founder Bob Sloan says: "We are offering an extended look into why even during a period of extreme market stress; there have been zero cancellations of our app in the last month.
鈥淭he risk mitigation features of our app show the need for the most accurate short interest and financing rate data when everyone is social distancing, working remotely, and trading in volatile markets."
Mike King, head of Bloomberg App Portal, adds: "We want to thank S3 for generously extending free use of their app to the Bloomberg Terminal subscriber community during this challenging time. We believe the Bloomberg App Portal provides the extra insights and tools needed by our clients."
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