- Ability to auto cover shorts prior to start of day
- Ability to enable by “Specialness”
- Facilitates balance allocation management
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:
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