Unsettled Contracts
Fails-to-Deliver Data API
What is Fails-to-Deliver (FTD) Data?
Fails-to-Deliver data, in the context of securities trading, represents instances where a party fails to deliver securities to the buyer by the settlement date. This data provides insights into securities that have not been delivered within the standard two-day settlement period after a trade, known as "T+2."
The essence of Fails-to-Deliver data lies in its ability to offer transparency into the dynamics of the securities trading market, especially in scenarios where there are settlement issues. It includes details such as the name and unique identifier of the security, the number of shares not delivered, and the date of the fail. This information is crucial for understanding market liquidity, short selling activities, and potential market manipulation.
Primarily, Fails-to-Deliver can occur for various reasons, ranging from administrative errors to more deliberate strategies like naked short selling. In naked short selling, a seller shorts the stock without first borrowing the security or ensuring that it can be borrowed, as is usually required.
The Fails-to-Deliver Data API
Fails-to-Deliver data is reported bi-monthly by the SEC, throughout the year, with tens of thousands of new records per update. Our API offers comprehensive access to this data, covering historical data back to 2009, and is returned in JSON format for easy integration. New data is available via the API within hours of new data being published by the SEC.
Fails-to-Deliver API DocsWhy is Fails-to-Deliver data useful?
- For Investors: Fails-to-Deliver data can help investors understand market dynamics and potential risks associated with certain securities. By examining this data, investors can identify trends in failed deliveries, which may indicate issues such as liquidity problems or unusual trading activities like naked short selling. Monitoring high levels of fails-to-deliver in a particular stock can signal caution, prompting investors to reassess their positions or strategies in that security. Additionally, investors can use this data to compare the stability and reliability of settlement practices across different stocks or sectors, aiding in making informed investment decisions.
- For Market Analysts: Analysts rely on Fails-to-Deliver data to gain insights into market integrity and efficiency. Persistent fails in a security may suggest systemic issues in the trading or settlement process, or potential manipulative activities, which can impact market confidence. This data allows analysts to track and analyze market trends, identify anomalies, and provide informed advice or reports on market conditions and potential risks.
- For Regulatory Bodies and Compliance Officers: FTD data helps regulatory bodies to monitor compliance with market rules and detect signs of market manipulation or abuse. High levels of fails-to-deliver can trigger investigations into trading practices and the health of the underlying settlement systems. Compliance officers within financial institutions also use this data to ensure that their trading activities adhere to market regulations and standards.
- For Companies: Companies can use Fails-to-Deliver data to understand how their securities are being traded and settled in the market. Persistent fails in delivering their stock might indicate potential issues in the market’s perception or the existence of speculative trading activities around their stock. This understanding can guide corporate decisions regarding investor relations and market communications.
Example API Data
{
"data": [
{
"cusip": "98987D102",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZYVERSA THERAPEUTICS INC COM S",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 0.09,
"quantity": 19324,
"ticker": "ZVSA"
},
{
"cusip": "98986M103",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZYNEX, INC. COMMON STOCK (NV)",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 9.25,
"quantity": 71,
"ticker": "ZYXI"
},
{
"cusip": "98985Y108",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZYMEWORKS INC COM(DE)",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 8.82,
"quantity": 7583,
"ticker": "ZYME"
},
{
"cusip": "98980M109",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZOMEDICA CORP COM (CANADA)",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 0.17,
"quantity": 212187,
"ticker": "ZOM"
},
{
"cusip": "98980L101",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZOOM VIDEO COMMUNICATIONS INC",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 67.95,
"quantity": 47,
"ticker": "ZM"
},
{
"cusip": "98980G102",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZSCALER INC COM",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 199.84,
"quantity": 112526,
"ticker": "ZS"
},
{
"cusip": "98978N309",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZIVO BIOSCIENCE, INC. COM PAR",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 0.55,
"quantity": 84337,
"ticker": "ZIVO"
},
{
"cusip": "98973P101",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ALAUNOS THERAPEUTICS, INC. COM",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 0.07,
"quantity": 2344,
"ticker": "TCRT"
},
{
"cusip": "98973A104",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZIONS BANCORPORATION N.A.DEP S",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 19.98,
"quantity": 250,
"ticker": "ZIONP"
},
{
"cusip": "989701859",
"settlementDate": "2023-11-30T05:00:00.000Z",
"description": "ZIONS BANCORP N.A.DEP SHS REPS",
"fileDate": {
"year": 2023,
"month": 11,
"sequenceInMonth": 2
},
"price": 25.76,
"quantity": 385,
"ticker": "ZIONO"
}
],
"metadata": {
"total": 19824788,
"count": 10,
"page": 1,
"pages": 1982479
}
}