Securities Lending and Prime Brokerage
Discover how stocks are shorted. Securities lending provides an income stream to asset managers, an investment opportunity for hedge funds, and a revenue opportunity for investment banks.
Why You Should Take This Course
This course has everything you need to know about how to short a stock. You'll use the Bloomberg terminal to analyze short interest metrics, and use prime brokerage to enable superior hedge fund returns.
- Discover how to short a stock In this course, we will walk through examples with cashflows of how a short transaction works. We will discuss fees, collateral and how the economics are split up between the hedge fund shorting the shares, the investment bank facilitating the transaction and the asset manager lending the securities.
- Analyze short interest metrics and screeners on Bloomberg Strong demand to short a stock can drive a stock price down. On the other hand, too much short interest for a given trading volume can create a short squeeze, driving the stock price up. We will show you the key metrics to watch for and how-to setup screeners on Bloomberg to monitor them.
- Discover how prime brokerage enables superior hedge fund returns From sourcing additional capital through capital introduction, to custody and margining efficiencies, prime brokerage is an important product for any hedge fund. We will explain the key products and the profitability drivers for a prime broker.
What You'll Learn
- Short Interest
- Securities Lending
- Prime Brokerage
Get the Equities Markets Certification
This course can be taken standalone, or as part of the Equities Markets Certification Program. Graduates of the program earn a Wall Street Prep certification that can be shared with potential future employers.
Taught by bankers
Our instructors are former investment bankers who give lessons real-world context by connecting it to their experience on the desk.
Earn a Certification
Take this course standalone, or, to earn a shareable certification, as part of Wall Street Prep's Equities Markets Certification Program.
Used on the Street
This is the same comprehensive course our corporate clients use to prepare their analysts and associates.
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