Data Explorers Indices

The DXI™ Data Explorers family of indices tracks the change in securities lending, a proxy for short selling, in relation to shares outstanding of the largest companies in each region. The advantage of the DXI™ methodology is that it is not impacted by changes in price or by changes in trade volume so securities lending activity is not obscured by cash market movements.

The top left graph, the DXI™ Global 50, covers the securities lending loan base for the 50 largest market capitalised companies in the global traditional securities lending markets.

The region-specific DXI™ US, UK, Europe (ex UK), Japan, and Asia (ex Japan) 30 each cover the securities lending loan base for the 30 largest market capitalised companies in each region, respectively.

A rising DXI™ index represents a relative increase in quantity on loan (i.e. short selling) while a falling index highlights a decrease in the quantity on loan (i.e. short covering).

Each index has a base as of 6 January 2010 and is rebalanced quarterly. The indices are not weighted.

Although Data Explorers has made every effort to ensure the information and data herein are correct, nevertheless no guarantee is given as to their accuracy or completeness. All opinions, views and estimates expressed herein are those of Data Explorers on the date it was prepared and are subject to change without notice; however no such opinions, views or estimates constitute legal, investment or other advice. You must therefore seek independent legal, investment or other appropriate advice from a suitably qualified and/or authorised and regulated adviser prior to making any legal, investment or other decision. This material is intended for information purposes only and is not intended as an offer or recommendation to buy, sell or otherwise deal in securities.