Data Explorers Preps Securities Lending Newsflow
London-based securities lending and short-interest data and analytics vendor Data Explorers is preparing to roll out a feed of securities lending news that will allow buy-side firms to make better-informed investment decisions, developed in partnership with Chicago-based technology vendor Narrative Science.
Narrative Science will receive Data Explorers’ securities lending data throughout the day via the vendor’s application programming interface (API), then run the data through algorithms to identify stocks of interest, create news stories of between 100 and 200 words using an artificial intelligence system, and return the resulting stories to Data Explorers.
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