While buy side and sell side market participants make up most of our client base, we also offer products to help Investor Relations professionals track and monitor corporate short interest. In addition, our retail product is designed for individual investors. For more information about our Corporate and Retail products contact sales@s3partners.com.

In addition to data and predictive analytics, S3 offers a Financing OMS platform allowing trading professionals to aggregate, optimize and score Position, Holdings, Cash, Margin and Swaps. Our OMS platform seamlessly integrates with your internal solution to enhance workflows and outcomes across the total life cycle of any trade—financing, derivatives and cash.

Yes. S3 offers complimentary access to its full data set and predictive analytics. Enterprise pricing is available (for more information on pricing please contact sales@s3partners.com).

No. S3 Data provides a comprehensive view of sentiment and market structure and should be used by any buy or sell side market participant interested in the highest quality data on financing rates (bid/ask/last), short interest, float data, and open interest (long positions).

Our data set and model are from 2015 and we started distributing our data to clients in 2016. We do not save old versions of our model. We have point-in-time data instead.

“Give to get” approaches to gathering data are the equivalent of a subprime CDO. Bundling together B-rated and below tranches to create a AAA rated pool doesn’t work.” – Bob Sloan, CEO and Managing Partner, S3 Partners

Shares on Loan is a commonly used proxy to observe short interest and borrowing capacity in real-time. To measure total shares on loan and shares available for loan, data is collected from the ultimate lenders of shares as well as their intermediary agents and prime brokers. However, to clear short sales, Prime Brokers often use their own internal inventory of shares, which means no actual “borrowing” takes place. By failing to take this “internalization” into account, approaches that use Shares on Loan routinely misrepresent the true number of borrowed shares.

Yes. S3 has $3T+ of assets under advisement and our technology allows us to live stream 5 million transactions across this asset base every day. As a result, we’re able to provide a clear and comprehensive picture of the securities finance market in real time and fill the gap between regulatory publication dates with accurate short interest data.

Of course, our goal is to provide the most comprehensive and accurate short interest data with the information available to us at the time we provide it. For this reason, when new short interest regulatory data is released, we revise our projections to reflect this new source of information.

That said, we recognize that our process for revising our projections can be problematic for clients who use S3 data to feed their internal models and conduct backtesting. For any client who needs it, S3 is able to provide a “point in time” data set that shows our data set as it appeared before we updated it to reflect new information from regulatory filings.

S3 offers the highest quality data on short interest, combined with the fastest time-to-market date on last borrow rates. Our competitors offer a combination of delayed data and less accurate shares on loan.

We use the following sources for our data:

• Regulatory Filings: We have regulatory short disclosure data for all ESMA countries. We have exchange reported numbers from US and Asia.

• S3’s Trade Date Data: S3’s Financing OMS platform: $3+T live stream of 5 million daily financing transactions is processed in real time and distributed in one consolidated feed.

• Service Desk: Live confirmation of intraday rates from voice brokered financing markets

• Bank & Broker Inventory Feeds: Data feeds from all major market participants

Due to the infrequency of short interest regulatory reporting and unformatted nature of how and where “over-the-counter” OTC data is stored, it’s virtually impossible for Buy and Sell Side market participants to obtain a clear and accurate picture of capital markets trading activity in real time. No other firm is better equipped to help you solve this problem than S3 Partners. S3 Partners has cultivated an enormous data lake of aggregated and anonymized holdings, cash balance, derivatives, short interest and securities finance data that is built on $3+ trillion of assets under advisement. In addition to standard data from exchanges and regulators, aggregated and anonymized inputs for S3’s data lake include complex OTC financial data that is stored in disparate formats across a maze of prime brokers, custodian banks and swap dealers. We live stream 5 million transactions across our proprietary $3+ trillion asset base every day, which allows us to observe the number of shares shorted directly (and in real time) rather than infer the amount from the number of borrowed shares. S3 Partners’ aggregated and anonymized view of capital markets allows us to account for potential data pitfalls such as double counting and prime brokerage internalization.

We provide access to high quality, real-time market sentiment. The time series data include financing rates (bid/ask/last), short interest, float data, open interest (long positions) and proprietary indexes (squeeze, crowded, momentum).