By FXEmpire.com
Markit Financial Information Systems today announced the acquisition of Data Explorers is the leading provider of securities lending data tracking short selling and institutional fund activity across all global market sectors. Established in 2002, Data Explorers was an independent company based in New York, London and Hong Kong.
Markit the company that brings traders PMI reports acquires Data Explorer
Data Explorers’ data and analytics help clients identify investment opportunities, measure performance and manage risk. With content sourced directly from market participants including prime brokers, custodians, asset managers and hedge funds, Data Explorers has built a unique data set of more than 3 million intraday transactions,
Markit Data is not a name that forex traders know of the tips of their tongues, or not until, you are aware of the data and reports that a traders watches to stay ahead of the markets.
Markit FIS provides financial and economic research and reports in several fields.
Markit Metrics
The Markit Metrics is a tool to help users of credit derivatives, interest rate derivatives and equity derivatives report key operational statistics on a monthly basis.
Markit MSA
Markit MSA is a fully validated and independent market share analysis tool for the European cash equities markets. The platform allows clients to view relative trading activity of brokers by instrument, venue, sector, country or index.
Markit PMIs and Economic Data
Accurate and timely data to help economic analysts, business decision-makers, purchasing managers and policy makers better understand business conditions.
With content sourced directly from market participants including prime brokers, custodians, asset managers and hedge funds, Data Explorers provides a unique data set of more than 3 million intraday transactions, covering $12 trillion of securities in the lending programs of over 20,000 institutional funds. The service is accessible through the major market data platforms including Bloomberg, FactSet and Thomson Reuters
The Markit Data Explorers US Sector Sentiment Index is an investment strategy index developed to reflect sector level sentiment derived from stock lending and short-selling information. The index is designed to be used for portfolio benchmarking purposes as well as for the development of index-linked products such as index mutual funds, exchange traded funds, structured products and index futures and options.
Markit determines whether each sector within the index is overweight or underweight using the Data Explorers Sentiment Signal (DNS), which captures the sentiment relating to a security. A high DNS reflects negative sentiment or an increasing amount of short positions relative to long positions, indicating a desire to underweight a particular security in a portfolio. The index is rebalanced on a monthly basis in order to reflect current market sentiment for each sector.
This acquisition will provide Markit Data and Data Explorers long reaches into financial products as well as larger data bases for sampling and producing comparative research. Allow for more up to date and complete economic and PMI data.
Originally posted here
