The Black App offers real-time short interest, borrow and loan rates, and predictive analytics that identify trading and portfolio finance opportunities on more than 28,000 public equities, indices and exchange-traded funds (ETFs) globally.
According to S3, its app allows users to see how short selling, short covering, long selling and potential short squeezes affect portfolios and track crowded shorts for specific corporate names, ETFs, sectors and indices.
Users can also observe utilisation rates, days to cover and financing costs.
Thomson Reuters Eikon users will also gain access to S3’s Black Mid Rate, which offers the weighted mid-market financing rate for borrow and loan activity that provides indicative financing market knowledge.
Michael Chin, co-head of trading for Thomson Reuters, said: "Collaboration over our open platform is a key component to delivering a world-class trading solution on Eikon.”
“By adding S3's Black App, Eikon buy-side clients have an incredibly powerful analytical tool to leverage in their trading decisions."
Bob Sloan, managing partner of S3 Partners, added: "S3 Partners is focused on developing and delivering predictive analytics that lead to better investment outcomes for market professionals that utilise the Black App.”
“Thomson Reuters Eikon is a leading global financial platform and is an ideal partner for S3 to deliver its award-winning app."