LONDON (HedgeWorld.com)–CRESTCo Ltd., which operates a real-time settlement service for U.K. and Irish securities, launched a web site Monday that, if plans germinate, starting January will allow subscribers to see how many shares hedge funds or other investors have borrowed, information that will (imperfectly) allow an inference about the amount of short selling underway.
The web site, prepared in collaboration with Securities Finance Systems Ltd., will use aggregated and anonymous data available to CRESTCo and will present its figures company by company, sector by sector and across the whole market. It will offer historical data back to mid-1999. CRESTCo is seeking clearance on the project from its corporate members.
Subscribers will pay a maximum of ?1,000 (US$1,560) or a minimum of ?100 a year, depending on the level of information required. A cheaper basic version is being considered.
Lending figures for FTSE 350 stocks will be available with a 24-hour delay. Those of less liquid stocks will be available with a five-day delay.