Data Explorers

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Data Explorers Limited
Type Private
Industry Financial
Founded 2002
Founders Mark Faulkner
Headquarters London, UK
Number of locations 4 offices in 3 countries [1]
Area served Europe, Asia, US
Key people Donal Smith, Jonathan Morris, Charlotte Wall, Christopher Hanson, Len Welter
Employees 110
Website dataexplorers.com

Data Explorers is a privately owned financial data and software company headquartered in London, UK with offices in New York, US, Edinburgh and Hong Kong. The company provides financial benchmarking information to the Securities lending Industry and short-side intelligence to the Investment Management community.[2] The company has a global dataset covering $12 trillion of securities in the lending programs of over 20,000 institutional funds.

Data Explorers offers access to quantitative measurement of securities lending, performance and risk. The company provides analytics and data complied from trade and inventory data provided by market participants including Lenders, Beneficial Owners, Custodian Banks, Agency Lenders, Borrowers, Hedge Funds and Broker Dealers.

History[edit]

Data Explorers was established in 2002 by Mark Faulkner, the author of the Guide to Securities Lending Markets.[3] Donal Smith, formerly of Thomson Reuters, was announced as CEO on 4 March 2008.[4]

It is owned by the private equity firm Bowmark Capital.[5]

Data Explorers was ranked 27th amongst the top 30 fastest growing UK private equity backed companies in the The Sunday Times Deloitte Buyout Track 100 on 8 Feb 2011.[6]

Data Explorers was voted the Best Information/Data Provider at the GSL Securities Lending Industry Awards on 4 Nov 2011 for the third year in a row.[7][8]

At the twelfth annual techMARK awards on 17 Nov 2011, Data Explorers won the Emerging Star Award.[9]

At the Financial World Innovation Awards on 2 Dec 2011, Data Explorers won the Information Provision Award for the Data Explorers News service.[10]

2 April 2012: Markit, a leading, global financial information services company, announced the acquisition of Data Explorers, a leading provider of global securities lending data, from mid-market private equity firm Bowmark Capital.[11]

Services and products[edit]

The Data Explorers database tracks $12 trillion of lendable securities, with $2 trillion of loan balances on average covering 30,000 equities, 40,000 corporate bonds and 80,000 government bonds. The company products include APIs, Data Feeds, Excel Toolkits, Mobile Apps, web-based platforms and channel partners including Bloomberg LLC, Thomson Reuters, Factset, Markit and Capital IQ.

Data Explorers data is used as a proxy for short interest data by the mainstream media, including The Financial Times,[12] The Economist,[13] The Wall Street Journal,[14] and Bloomberg [15]

Data Explorers launched the Restricted Stock Monitor on September 19, 2008 providing data for all securities globally impacted by short selling regulations.[16]

On October 6, 2008, Data Explorers announced the "DESLI" Index - Data Explorers Stock Lending index showing the variations in the amounts of stock borrowed and amounts available to borrow in different regions and sectors around the world.[17]

Thomson Reuters partnered with Data Explorers on 11 Mar 2009 to provide short-side intelligence to investor relations professionals.[18]

On 12 Jun 2009 Data Explorers partnered with Factset to provide short selling analysis and securities finance data to Factset Research System's analytics platform.[19]

Markit announced a new index on Sep 16 2009, the Markit Data Explorers U.S. Sector Sentiment Index, that reflects sector-level investor sentiment derived from securities lending and short-selling information.[20]

Data Explorers COO, Jonathan Morris, announced a partnership with Bloomberg L.P. on 23 Sep 2010 providing global long and short fund flow content to users of the Bloomberg Professional Service [21]

On 6 Oct 2010 the Financial Times website www.ft.com included short selling activity from Data Explorers alongside market data on the Company pages and Stock screener [22]

Nasdaq OMX announced a new index based on Data Explorers stock loan information to replicate return and volatility characteristic of the Nasdaq-100 Index on May 5, 2011.[23] The index screens out stocks with low liquidity or those that are relatively expensive to borrow in the share-lending market.[24]

On 19 Sept 2011, Data Explorers and Deltix announced that Data Explorers securities lending and repo data is available in the Deltix QuantOffice platform.[25]

Capital IQ, the data and analytics arm of Standard & Poor's announced new content from Data Explorers added to its market data platform and Xpressfeed data management service on Sept 26 2011.[26]

Data Explorers and Direct Edge announced a partnership on 6 Oct 2011 after integrating daily securities lending information onto the Direct Edge market data distribution platform.[27]

On 23 Jan 2012, Data Explorers announced a partnership with Narrative Science to create a securities lending newswire using an artificial intelligence system.[28]

Data Explorers launched the first iPhone app for the securities finance industry on 31 Jan 2012 for Hedge Funds, Prime Brokers and Custodians to access daily information on 3 million transactions.[29]

On 5 Feb 2012, Data Explorers was ranked for the second year in a row in the Sunday Times Deloitte Buyout Track 100.[30]

References[edit]

  1. ^ "Office Locations". 
  2. ^ Rebuilding the House Builders Squawk Box, CNBC, June 16, 2008
  3. ^ Guide to securities lending markets commissioned by the Association of Corporate Treasurers, British Bankers' Association, International Securities Lending Association, London Investment Banking Association, London Stock Exchange and the Securities Lending and Repo Committee by Mark Faulkner
  4. ^ Bobsguide
  5. ^ Ben Harrington, 'Bowmark in £32m alarm firm deal', in The Daily Telegraph, January 9, 2012, p. B3
  6. ^ [1] Buyout Track 100
  7. ^ Securities Lending Industry Awards 2011
  8. ^ Data Explorers scoops Global Investor/isf Data Provider 2011 Award for the third year running
  9. ^ 2011 techMark award winners announced
  10. ^ [2] Financial World Innovation Awards
  11. ^ Markit Acquires Securities Lending Analytics Specialist Data Explorers
  12. ^ Short-sellers not to blame for HBOS price fall says ISLA chief, James Mackintosh, Financial Times, June 18 2008
  13. ^ Nasty, brutish and short, The Economist print edition, June 19 2008
  14. ^ The Financial Short-Selling Spike, David Gaffen, Marketbeat, The Wall Street Journal, July 17 2008
  15. ^ Hedge Funds Covered Bradford & Bingley Shorts as Lender Rallied, Tom Cahill, Bloomberg News, June 26 2008
  16. ^ Data Explorers Announces Launch of Restricted Stock Monitor, Press Release, Reuters, September 19 2008
  17. ^ Data Explorers Launches Stock Lending Index, Press Release, MarketWatch.com, October 6 2008
  18. ^ Thomson Reuters Adds Data Explorers Analysis
  19. ^ Data Explorers Expands Distribution Capabilities Through Factset Deal
  20. ^ New index to gauge securities lending, short selling
  21. ^ Data Explorers Adds Long and Short Fund Flow Data to Bloomberg
  22. ^ FT.com to include short selling activity from Data Explorers
  23. ^ Nasdaq-100 Data Explorers Optimized Index Launched To Enhance Liquidity
  24. ^ Nasdaq Rolls Out Optimized Nasdaq-100
  25. ^ Deltix seeks alpha with Data Explorers
  26. ^ [3] Score one for Data Explorers
  27. ^ New Edge for Data Explorers
  28. ^ Data Explorers launched robot journalist
  29. ^ Hedge funds access securities lending data on the move with Data Explorers app
  30. ^ Sunday Times Buyout Track 100

External links[edit]