Short Locate Management
Short Availability Manager™ is a multi-purpose short locate module that provides firms with the framework and transparency needed to effectively manage their global short book. With this unique state-of-the-art offering firms can dynamically locate short inventory and compare rates simultaneously across multiple brokers then trade using the retrieved locate IDs, all conveniently from within Paladyne’s combined order management and portfolio management solution – Paladyne Portfolio Master™.
Product Features
- Seamlessly track availability and rates within Paladyne Portfolio Master™.
- Initiate stock loan process from trading blotter, portfolio views and trade tickets.
- Automate daily stock loan data collection from multiple counterparties.
- Retain historical stock loan activity for reporting and trend analysis.
- Dynamically locate inventory and trade electronically.
- Customize your intra-day locate reporting.
- Fully audit and apply pre- and post-trade compliance rules on locates.
- Streamline key tasks such as counterparty short rate updates, physical borrow tracking, and locate list imports.
Benefits
- Short Availability Manager™ allows firms to reduce total borrow costs by efficiently comparing broker rates and streamlining the entire short locate process.
- Short Availability Manager™ addresses all stock loan needs from one centralized location.
- Eliminate phone calls or emails – all pertinent short availability information is dynamically presented in a side-by-side comparison.