Securities lending revenue increased by 32% YOY in March 2022, finds DataLend
North American equities have been attributed by DataLend as the driver behind increased lender-to-broker revenue.
North American equities have been attributed by DataLend as the driver behind increased lender-to-broker revenue.
The revenue generated for lenders in August 2021 also represents an increase of 5% from July 2021.
The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.
Trade wars, Brexit and central bank actions weighed heavily on hedge funds' securities lending programmes.
The year was a record in terms of revenues for beneficial owners, with more securities lending activity shifting to the front-office.
EquiLend has recently hired a number of securities lending veterans as it looks to strengthen relationships with users for its trading, data and post-trade services.