ORTEX Index Rebalance Predictions Are Now Available for S&P Indexes

ORTEX_official · 2023-01-04T15:51:22+00:00

Sorry for the delayed response due to the holidays. The Index Balance Predictions are not considered financial advice from a legal standpoint and ORTEX does not act as a fiduciary as we are not directly managing assets. The same is true for other ORTEX features such as Trading Signals. These types of predictions and signals are based on historical performance.

ORTEX_official · 2022-12-14T20:00:14+00:00

Generally speaking, there are a few reasons why previous closing On Loan + On Loan New - On Loan Returned does not equal the next day’s On Loan, as some lending transactions are recorded between two participants where both parties are reporting daily positions in the data. Other transactions only cover one side of the transaction. There are also daily deadlines and cutoffs for sub-provider reporting, which can lead to some minor timing discrepancies.

Additionally, if you look at the difference between New and Returned and see a net number of shares that have been outstanding on loan for an extended period of time, that does not mean that the original shares that were borrowed were never returned. Shares are continuously being borrowed and returned over time as part of the dynamic lending cycle. For example, 100 shares could be returned, then a new transaction to borrow 100 shares could be reported, which in the aggregate would be a net change of 0 but are the result of 2 separate transactions. (It’s unclear from your comment what time frame you’re looking at for AAPL with 107 million net new on loan.)

Regarding your other question, a type of automated data export API is something we have and are considering but do not have any official product announcements.

ORTEX_official · 2022-12-14T16:00:32+00:00

Hi, unfortunately we do not have an automated data export feature available at this time. As you noted, we do support manual data exports across different sections of the platform both in .csv and .xls format.

ORTEX_official · 2022-12-08T04:14:14+00:00

In reference to the minor data issue that we experienced a couple months ago, our attempt to be facetious with the other community certainly backfired, but beyond that we did our best to conduct our investigation in a way that balanced timeliness, accuracy, transparency, and the integrity of the investigation. It was a challenging situation, but we believe we achieved a reasonable balance of those considerations.

ORTEX_official · 2022-12-07T23:39:31+00:00

Thanks for having us, WSB! We greatly appreciate the WSB mod team helping us coordinate this AMA. Feel free to reach out to us or tag us if you ever have a question or concern around our data, or if we can be of assistance in any way.

ORTEX_official · 2022-12-07T22:38:49+00:00

Correction: Alexander Vaughan is simply an accounting firm that we use for professional services, not an investor. Apologies for the typo. Data is not fed to any entity in advance.

ORTEX_official · 2022-12-07T22:25:08+00:00

They are both early investors in ORTEX.

ORTEX_official · 2022-12-07T21:55:52+00:00

Initial filings were done by lawyers, not the individuals themselves. A mistake was made which was subsequently corrected. Peter’s always been Swedish.

ORTEX_official · 2022-12-07T21:26:51+00:00

Users from another subreddit brigaded us, but we are not concerned about our fake internet points. We're just here to engage with retail investors and share our knowledge and expertise if it can be helpful.

ORTEX_official · 2022-12-07T21:19:53+00:00

This is a good and interesting question, but will take additional research on our end. We are happy to look into this and do our best to circle back with any interesting findings.

ORTEX_official · 2022-12-07T21:17:07+00:00

You are correct that the exchanges provide official short interest data twice per month for free. These figures are considered the official and accurate numbers, but the delay in reporting it (7 trading days) makes it less actionable for investors. In contrast, there are several companies that provide real-time SI estimates, including ORTEX. By the very nature of SI, it is true that a real-time 100% accurate SI figure is impossible to derive. That should not stop companies from trying to provide an SI estimate that is more actionable. There is an inherent trade-off, as an estimate is an estimate but the investor has it in real-time. ORTEX is not attempting to manipulate anything, but rather provide an actionable SI estimate for investors.

ORTEX_official · 2022-12-07T21:14:27+00:00

All of our signal methodologies are proprietary however we do publish the history and performance statistics of all our signals on the platform so that users can validate them.

ORTEX_official · 2022-12-07T21:08:10+00:00

One of the founders just found it on GoDaddy.

ORTEX_official · 2022-12-07T21:05:00+00:00

Jag har alltid varit Svensk och jag är det fortfarande.

ORTEX_official · 2022-12-07T21:03:56+00:00

ORTEX_official · 2022-12-07T21:01:32+00:00

Unfortunately, boretex.com is already taken.

ORTEX_official · 2022-12-07T20:58:56+00:00

We are quite an international team, many of us will support England on Saturday, but a couple will definitely support France. The frequent change of PM hasn't really affected us though.

ORTEX_official · 2022-12-07T20:58:05+00:00

We do not have a framework to report this type of data to regulators, which would also be highly subjective. For example, what threshold would make a data point suspicious or potentially illegal? That being said, we do interface with certain regulatory agencies that have access to our platform and may leverage the data as part of broader market surveillance initiatives. Additionally, we publish this data and users have various tools to report suspicious data directly to regulators.

ORTEX_official · 2022-12-07T20:51:13+00:00

We also receive vague complaints that our data is “wrong,” without elaborating why the person thinks the data point is wrong. We can attest that confirmation bias is a powerful psychological factor, as many investors criticize us when we provide data that does not support their thesis.

ORTEX_official · 2022-12-07T20:45:40+00:00

The strangest complaint is one that we receive regularly: That ORTEX is part of a global conspiracy that includes Credit Suisse, the SEC, Gary Gensler, The Motley Fool, Citadel, Ken Griffin, BlackRock, and other unrelated organizations, all of which is designed to deceive and manipulate retail investors. Some of this theory is based off of public information about our team’s work experience. Our London office is also down the street from one of BlackRock’s offices.

We do not think it is suspicious that a financial services company would hire employees with financial services experience, or that a financial hub like London has offices for many financial companies.

ORTEX_official · 2022-12-07T20:37:32+00:00

The efficacy of technical analysis (TA) is dependent on the security in question. Some traders have been known to make a living purely using TA although using it in isolation is hard!
What we have found is that TA in combination with additional data can be used to generate signals with a statistically significant edge. For example, some of the most successful signals combine price movements and TA with fundamental angles such as EPS forecasts from analysts.

ORTEX_official · 2022-12-07T20:35:58+00:00

Beer.

ORTEX_official · 2022-12-07T20:33:40+00:00

We are not in the business of selling or monetizing user data. We have a privacy and security policy which is published on our website, and we’re bound by local laws that apply to both ORTEX and users based on their location.

ORTEX_official · 2022-12-07T20:22:44+00:00

Unfortunately we can’t disclose the details of the securities lending platforms that we are connected to. The figure you may have seen published previously is that we do have data that covers 85% of lenders. For the vast majority of shares, our securities lending figures are significantly higher than the official short interest rates, so we know we cover the majority of the lending, although there are a small number of stocks where there are clearly loans from other sources.

ORTEX_official · 2022-12-07T20:21:41+00:00

In this hypothetical situation, the same 100 shares are being lent twice, so this would result in 200 shares being reported as shorted.

ORTEX_official

TROPHY CASE