Short Interest, Borrowing

Cost, and Crowding from S3Alt Data Webinar

July 2019

Bloomberg Enterprise Access Point contains data, information, and opinions from several third party data providers. Such third party data are not owned, or independently verified, by

Bloomberg. Bloomberg does not expressly validate or affirm the accuracy or content of any such third party data.

Alternative data available on Bloomberg Enterprise Access Point is sourced from and comprised of information provided by third parties. The identified third party data source providers, not

Bloomberg, are solely responsible for obtaining all consents and authorizations necessary to collect and make available via the Bloomberg Enterprise Access Point the data, and compliance with

all laws pertaining to the collection, storage, distribution, processing, and deletion requirements applicable to such data worldwide. Please contact them directly with any questions.

Speakers

Ruslan Tepelyan

Business Manager, Alternative Data

Bloomberg L.P.

Ruslan is a product manager for alternative and quantitative datasets at Bloomberg. He has over 10 years of

experience across a mix of finance and data roles, including equities trading and managing a data science

team. He holds an MBA from Columbia University and a B.Eng. in Electrical and Computer Engineering from

The Cooper Union.

Rocco Nisivoccia

Global Head of Business and Product Development

S3 Partners

Rocco Nisivoccia is the Global Head of Business and Product Development at S3 Partners, LLC. His

primary responsibility is to ensure that S3’s product roadmap meets the needs of current and future clients.

Prior to joining S3 Partners in 2013, Rocco was the Co-Head of North American Hedge Fund coverage at

Credit Suisse for 12 years. Over the course of his 30-plus years in the finance industry he held

management, trading and technology roles at UBS, Paloma Partners and Prudential Insurance. Rocco’s

focus is in enabling clients to use technology to streamline processes, reduce cost and increase efficiency.

Content for Quants & Data ScientistsBuy-side investment managers, sell-side brokers and corporate leaders are increasingly looking to non-traditional data from satellites, drones, mobile

phones, credit card transactions and social sentiment to help fine-tune investment decisions. Bloomberg delivers high-quality, granular information that

can provide an edge.

Com

pany L

evel

Data

Indust

ry L

evel

Data

Econom

ics

• Corporate actions

• Corporate flight activity (JetTrack)

• Company filings

• ESG

• ESG consensus scores (Owl Analytics)

• Events calendar

• Fundamentals

• Fundamentals (industry specific)

• Supply chain

• Textual news

• Twitter

Foundational Company Level Data

• Filings insights (280 First)

• News analytics

• U.S. equities trader sentiment (Predict Wall Street)

• U.S. equities financial bloggers sentiment (Tip Ranks)

• Fixtures

• Fundamentals (industry-specific)

• Global oil storage (Orbital Insight)

• Metals predictive data (RS Metrics)

• Natural gas flows (Genscape)

Energy

• Fundamentals (industry-

specific)

• Mobile app intelligence

(Apptopia)

Consumer Discretionary

• Individual economist estimates

• Global economic indicators

• Geopolitical risk (PreData)

Economics

• Short interest data (S3)

Financials

• Biotech-pharma catalyst

calendar

• Fundamentals (industry-

specific)

• Pharmaceutical data

(Evaluate)

• Prescription data

(Symphony)

Health Care

Sentiment

• Construction starts and

projects (Dodge)

Materials

Short Interest, Borrowing Cost, and Crowding from S3

Presented by: Rocco NisivocciaDate: July 11 2019

S3 Partners Enterprise Data Webinar

Polls- Does your firm currently use short interest data in a systematic, firm-wide way?

- Does your firm have employees using short interest data on a case-by-case basis?

About S3 PartnersFounded in 2003, S3 Partners is a financial technology and data company. Clients use our technology and data for better outcomes in their investment process, risk management, counterparty relationships, and investor relations.

Like any resource, the integrity and purity of data is defined by how it’s sourced, how and why it’s filtered, who can access it, and how it’s interpreted. Data is only potential until you find a way to refine it. Refining data potential into financial power is S3’s business.

Our suite of tools arms you to not just access data but to wield it; cut through marketplace opacity and see with clarity where opportunity lies for your business, portfolio, and the entire market.

S3’s comprehensive data integrity powers your market perception and business intelligence so you can act with agility, on your own terms.

S3 Partners on Bloomberg

APPS BLACK <GO> Direct Access to Short Interest and Finance Rates that Cut Through Marketplace Opacity, in

real time.

COMING SOON

APPS BLAX <GO> Use the BLAX Add-in to Integrate BLACK APP Data into Excel.

The Only Independent Short Interest and Securities Finance Dataset Available.

SI <GO> A Weighted Mid-Market Rate of Borrow and Loan Activity.

SI <GO> The Complete Set of Financing Rates – Including the Bid, Offer and Last Rates.

Where does S3’s data come from?

1. S3’s BLACKLIGHT SaaS Platform: $2T live stream of 5 million daily transactions, processed, consolidated, and anonymized in real-time.

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

3. Subscription Data Feeds: Securities Lending data and Market data

4. Regulatory Reported Numbers: Regulatory short reporting files from every public exchange globally.

S3 Enterprise Data Points

Short Interest – Access timely and accurate Short Interest data. Avoid the delays and disparities in exchange-reported data and see day-over-day and hour-over-hour change in shorting activity for 35,000+ global securities.

Finance Rates – Get unbiased finance rates from all sides of the market. Whether you are short the shares or a long holder, see transparency on the direction of finance rates, including bid, offer and last.

Crowding – Spot significant short selling and covering events. The crowding indicator provides a measure of shorting and covering events relative to market float. This leading indicator predicts financing spikes in real-time.

Days to Cover – Compute days to cover easily. Accurately project days to cover using timely short interest and the 10, 30 or 90-day average daily trading volume for visibility into risk exposure.

Example: YETI

Short Interest

Finance Rates

Crowding

Example: YETI

Competitive Advantages Transparent: Pure-play data integrity that is 6x more accurate than the competition.

Strategic: Support daily decision-making with data seamlessly integrated into your system and workflow.

Granular: Daily history from 2015 to mid 2019 and hourly data files going forward.

Comprehensive: Accurately understand bearish bets, price action and conviction levels for 35,000+ global securities.

S3 Predictive Analytics Research

Prestigious mainstream and financial media publications rely on S3’s expert service-desk for short interest and stock-loan data, and market analysis.

S3 Enterprise Data Feed

Bloomberg Enterprise Access Point – All data is available via BEAP, making it easy to download, access, and store. The delivery infrastructure is exactly the same as for Bloomberg’s own Enterprise data files.

Hourly Files – Build and analyze a granular time series using hourly data from 8 AM to 5 PM NY time. Historical data at a daily level is available back to 2015. Or, simply use the comprehensive 8 AM file as a “start of day” data point.

Bloomberg Enterprise License – The Enterprise license allows the entire enterprise to access the data, whether for building models, reporting, analytical tools, or other needs. The contract is as simple as an addendum to your existing Bloomberg data license contract.

FIGI for Linking Data – The Open FIGI is a Bloomberg-supported free and open security identifier that greatly simplifies linking datasets together. By including FIGIs in the Enterprise data feed, S3 Short Interest data facilitates data linking across the enterprise.

The Bloomberg Enterprise Access Point

Q&A

Bloomberg Enterprise Access Point contains data, information, and opinions from several third party data providers. Such third party data are not owned, or independently verified, by

Bloomberg. Bloomberg does not expressly validate or affirm the accuracy or content of any such third party data.

Alternative data available on Bloomberg Enterprise Access Point is sourced from and comprised of information provided by third parties. The identified third party data source providers, not

Bloomberg, are solely responsible for obtaining all consents and authorizations necessary to collect and make available via the Bloomberg Enterprise Access Point the data, and compliance with

all laws pertaining to the collection, storage, distribution, processing, and deletion requirements applicable to such data worldwide. Please contact them directly with any questions.