Data Explorers Announces Launch of Restricted Stock Monitor

LONDON, September 19 /PRNewswire/ -- Data Explorers are announcing today
a new monitoring service (http://www.dataexplorers.com/rsm) covering all
stocks with short selling restrictions recently applied by the SEC and FSA.
These stocks now require specific regulatory filings and Data Explorers will
combine these with their extensive global short side intelligence database.
Data Explorers has been providing transparency to the Securities Lending
industry for the past 6 years. The company delivers unique data provided
directly by the Securities Lending market participants. As short selling
information becomes increasingly public, Data Explorers will integrate it
with their proprietary data to provide increasing transparency in this large
and important market.
Data Explorers are the world leader in the provision of securities
lending data, with a database containing more than US$13 trillion dollars of
loans and lendable assets in over 235,000 equities and fixed income
instruments held in 22,000 funds worldwide. They complement their data with
information from a variety of sources, including publicly available short
interest positions. Their data is high quality, high frequency and a good
proxy for public short interest data, and extends to every facet of
securities lending.
The new regulations make pre-borrowing essential; Data Explorers show the
depth of borrowing inventory available for each stock. Proprietary Data
Explorers statistics, such as Utilisation*, are valuable and timely
indicators of stock lending and short selling market depth. As a result of
the new regulations, the company will be developing further indicators to
help market participants fine tune their lending programs and assist in
regulatory compliance.
Following recent financial turmoil, regulators in a number of countries
have announced strict new rules governing short selling of equities.
In the US, there is an outright ban on naked short selling across all US
listed securities. Covered short selling has been banned for 799 financial
stocks. The reporting requirement for short positions has been changed from a
fortnightly snapshot to a weekly disclosure of daily positions.
In the UK, there is a four-month outright ban on all short selling in 29
named financial stocks. This ban extends to 'related' securities including
structured OTC positions and spread bets.
Similar restrictions have been announced in Switzerland, Australia,
Ireland and Russia. Other countries are likely to announce their own changes
in regulations.
Notes to Editors:
About Data Explorers
Data Explorers is a privately owned financial data and software company
headquartered in London. The company provides financial benchmarking
information to the Securities Financing Industry and short-side intelligence
to the Investment Management community.
Data Explorers offers access to proprietary data for the quantitative
measurement of securities lending, performance and risk. Additionally Data
Explorers provides short side intelligence, based on stock lending data, to
Hedge Funds and Investment Managers.
The company is based in New York and London and collects data from market
participants including Lenders, Beneficial Owners, Custodian Banks, Broker
Dealers and buy-side Borrowers.
*Utilisation: this is the value of the stock actually on loan as a
proportion of the stock that is available to borrow. Stocks are borrowed for
a number of reasons although short selling is the main element.
Contacts:

London
Jessica Johnson
+44(0)207-264-7615
jessica.johnson@dataexplorers.com

United States
Will Duff Gordon
+1-212-7102210 Ext 375
wdg@dataexplorers.com

Kenneth Read
+1-212-710-2210 Ext 379
kenneth.read@dataexplorers.com

SOURCE Data Explorers Limited

Contacts: London, Jessica Johnson, +44(0)207-264-7615,
jessica.johnson@dataexplorers.com; United States, Will Duff Gordon,
+1-212-7102210 Ext 375, wdg@dataexplorers.com; Kenneth Read, +1-212-710-2210
Ext 379, kenneth.read@dataexplorers.com