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Data Explorers Launches Securities Lending iPhone App

Aimed at hedge funds and brokers, the new iPhone app can track short selling and institutional fund activity across global market sectors.

Data Explorers today announced the launch of a new iPhone app, among first of its kind for the global securities lending market for tracking short selling and institutional fund activity across all global market sectors.

The move is yet another sign of the growing popularity of the iPhone on Wall Street where the RIM BlackBerry is losing market share. “The long reign of BlackBerry as the securities lending professional’s favorite gadget is under threat from the new generation of iPhones that have already been adopted by leading financial institutions”, commented Jonathan Morris, COO at Data Explorers, a provider of securities lending data. In the release, Morris said the company had squeezed 3 million transactions covering $12 trillion of securities in the lending programs of over 20,000 institutional funds into an iPhone app. “Our clients can monitor live changes in short selling activity and holdings of institutional investors at a stock, sector and market level, as well access our newswire and video features that are updated throughout the day”, he added.

The company is targeting the new mobile platform at hedge funds and brokers that need to track short selling and institutional fund activity.

[Editor's note: On Jan. 20, 2011, Brown Brothers Harriman said it was the first to introduce a mobile securities lending application for the iPhone and BlackBerry smartphones. Among other critical information, the application will provide immediate access to program revenues, loan balances, and loan distribution by borrower, along with the latest market news and information about how market developments are affecting securities lending revenues.]

Data Explorers’ iPhone App is a fully featured market data and news application with market and sector overviews, single security tear sheets and customizable watch list, as well as daily news, videos and features about short selling and institutional fund activity. Data is updated throughout the day live from the Data Explorers API, DX Open. The securities lending iPhone App is available to clients using their existing password for free from the Apple App store or at Data Explorer’s web site. - Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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