Seeing the Market Move: Real-Time Trading Analytics Arrives in Datalend

As automation grows across securities lending and AI changes how participants work with data, the appetite for real-time information has never been stronger. Participants want to see the market as it moves, and to act on what they see.

This October, Equilend Data & Insights expands its real-time offering with Real-Time Trading Analytics, a new intraday workspace that draws on live activity across Equilend’s trading infrastructure, including NGT, the market’s leading trading platform. A dedicated page within Datalend brings that activity together in one place, giving borrowers and lenders far greater visibility into the market as the trading day unfolds.

Alongside a real-time view of transactions and lifecycle events as they happen, for the first time, you can see live bid and offer spreads and intraday availability, data that is only available through Equilend.

Why it matters

• Earlier visibility: See where the market is moving before the trades have even been booked, while there is still time to position.
• Faster focus: Surface rerate and trading opportunities to capture the optimal value for your book.
• Sharper Pricing: Adjust your bids and offers in real time as the market moves.
• Flexible delivery: Real-Time Trading Analytics will not only be screen-based but the data can be streamed via API as well. We have also introduced an MCP connector to make the data available through your own AI agents.

The following features sit at the heart of the release.

EquiLENS: Ask the market a question

Real-time data is only useful if you can get to the answer quickly. EquiLENS, Equilend’s new AI Assistant, is built into the screen so you can query the data in plain language.

It has access to Datalend data, Real-Time Trading Analytics data, Equilend’s market insights and Finadium research. EquiLENS allows you to move away from the rigidity of a UI and ask the questions that matter most to you. What have been the biggest movers in my markets today? How do current rates compare with where this name has traded over recent months? How has availability of this security changed so far today?

EquiLENS will also proactively tell you where you need to focus. It points out opportunities to help you obtain optimal value from your position by suggesting areas of focus from your own positions and the live market, such as rates you may want to revisit with a counterparty, or offers where the market is bidding higher, each with the potential P&L or gap alongside. It shows you where to look first; the judgment on what to do next stays with you.

Intraday Pricing & Momentum: The rate conversation, hour by hour

Most rate data shows where trades happened. Pricing and momentum data shows the negotiation around them.

For the first time, you can see the full range of bids, offers and executed trades coming through the market, from the highest and lowest rates to the volume weighted averages, hour by hour through the trading day. Together they give a much deeper view of how rates are trending as the day develops: where the market is trading, how far apart lenders and borrowers sit, and whether that gap is tightening or widening.

Against that backdrop, you can benchmark your own bids and offers with confidence. Rather than reviewing your pricing after the fact, you can judge it against the market while it is still moving and make your decisions with the full picture in front of you.

Intraday Availability: supply, as it shifts

Liquidity is the other half of the pricing story. Intraday Availability shows how much of a security is available to borrow through the trading day, built from the Targeted Availability that lenders send through NGT. Supply is broken down lender by lender, with every lender anonymised, so you can see whether a change is broad across the market or concentrated in a few hands.

As a lender, you can see how your availability compares with the wider pool and how much demand is forming against it. As a borrower, you can see supply tighten or expand in the names you care about as it happens, before it shows up in booked trades. Both sides can see where their own activity sits among their peers.

Datalend’s core data gives you visibility into the lendable inventory within the market, but Intraday Availability goes one step further, showing you the liquidity that is actually actionable right now.

Finding what matters to you: Your book, set against the market, in real time

Real-Time Trading Analytics provides live views that rank securities based on where the market is moving right now: the most traded, most bid, most offered, biggest fee moves against the previous business day, largest shifts in position and most rerated. Together they show where demand is building, where supply is being made available and where pricing is changing fastest, and they can be narrowed to the regions, asset types, and sectors that are most relevant to you.

Your positions are incorporated in the data as well, enabling you to find where the value lies for you. For open needs, that means the names where bids or availability are still sitting in the market and a deal is most likely to be done. For existing positions, it highlights the loans and borrows where the current market fee has moved furthest from your rate, with the estimated P&L of repricing alongside and the counterparty detail behind it.

Whether you start from the whole market or your own book, the benefit is the same. Your time goes to the securities that matter most to you, while the opportunity is still live.

Real-Time insight, ready to act on

Real-Time Trading Analytics puts the live market and your own book side by side while the trading day is still under way. It shows where rates are moving, where liquidity can be found and where your positions differ most from the market, so you can spend your time on the opportunities that matter most to you.

See signals faster and act with more confidence to stay a step ahead as the market moves. Real-Time Trading Analytics is available now in the Datalend UI, with the same data available through the API and MCP connector.