Viewing the movement of securities lending volumes and prices for stocks during the day can provide a detailed picture of market sentiment on a minute-by-minute basis. This can be especially useful after a major announcement. It is apparent that the price movements and market sentiment responses to corporate news are more immediate with social media [...]
Showing all posts by Tim Smith
THEN AND NOW: 10 KEY THEMES FOR 30 YEARS OF SECURITIES FINANCE
Securities financing has evolved over the last 30 years from a quasi-back office activity to a high-profile business in its own right. The main causes and results of this evolution can be grouped into 10 major themes. Industry Bodies Thirty years ago only RMA existed, and they were Robert Morris Associates, not the Risk Management [...]
IN SECURITIES FINANCE, TRANSPARENCY IS IN THE EYE OF THE BEHOLDER
If you asked 10 different securities finance experts to define the word transparency, you would likely receive 10 different answers. While the current drive for transparency has stemmed from regulators, the perception of what transparency really means varies from group to group, region to region, participant to participant. For instance, agent lenders may want to [...]
