CME Group has launched a community benchmarking tool which leverages an alternative data set to help customers – hedge funds, asset managers and banks – make more informed investment decisions.
The tool, ENSO Data Insights, helps market participants evaluate how market dynamics are driving costs and demands to borrow stock, optimize counterparty management and seize alpha-generating opportunities. The tool is part of ENSO, a portfolio finance and treasury industry technology provider with over one trillion in Assets Under Administration (AUA). ENSO covers 33% of the global hedge fund equity long short market.
Data Insights will provide ENSO’s global client base with access to a diverse pool of global multi-asset class securities to help them compare best execution financing rates, trend analysis for long and short position sector changes, sector breakdown, top position movers, crowdedness scoring, and the most active stock borrow rate changes as it relates to the ENSO Rate.
Paul Busby, Global Head of ENSO, commented: “Until now, the market has had limited access to aggregated and anonymized long and short alternative data. ENSO Data Insights taps into our derived data to provide the market with a unique insight into how trending securities are being positioned by alternative fund managers. This allows for an enhanced analytical process, driving better informed investment and best execution financing decisions.”