The Auto Short Cover App allows shorts to be identified, borrow lists created and for those borrow lists to be distributed and shorts covered automatically. Users define what securities to produce short lists for by applying various rule sets (e.g., security categorisation, market, and sector). The shorts are covered via a scheduled task created to run at pre-set times. GC positions should be covered automatically allowing traders to concentrate on the higher margin trades. The App works in conjunction with the Cross-Book Flattener and Borrower Apps to ensure the most efficient workflow possible.

For more info:
Please call +44 (0) 20 7608 5538 or +1 (646) 665–1443
Or email