The Black App 2.0 offers Bloomberg subscribers real-time short interest, securities finance rates and extensive search capabilities into the traditionally opaque securities lending market.
The improved app allows buy-and sell-side users to access historical short interest changes or finance rates by index, sector, industry, country, or user-uploaded portfolio.
Users can also predict moves in short interest, financing rates, and benchmark financing rates for the second Markets in Financial Instruments Directive management.
Although currently US focused, Black App is expanding with additional campaigns planned for the US and new roll outs upcoming for both Europe and Asia.
Mike King, global business manager for the Bloomberg App Portal said: "Bloomberg continues to invest in the App Portal because by fostering a diverse ecosystem of contributed applications we can deliver more value and choice to Terminal subscribers.”
“The Black App from S3 epitomises what we're trying to do by incorporating applications into the Bloomberg Terminal that complement existing functionality. Furthermore, the success of the Black App demonstrates the desire for a more integrated desktop experience."