North American equities have been attributed by DataLend as the driver behind increased lender-to-broker revenue.
New service aims to meet the industry need for higher-quality ESG evaluation options, particularly in securities finance.
The revenue generated for lenders in August 2021 also represents an increase of 5% from July 2021.
The partnership aims to meet the securities finance industry’s demand for swift modernisation, greater automation, increased efficiencies and lower costs.
Short-selling bans, lower market volumes and depressed fees result in an 11% drop in securities finance revenues during 2020.
MUFG Investor Services will leverage the Equilend Spire securities finance system for all pre- and post-trade services wrapped up in one solution.
Recent expansions by retail brokers to facilitate securities lending programmes could further expand the market for institutional players.
EquiLend has taken the number of users for its flagship NGT securities finance electronic trading platform to over 100 firms.
The rollout of the new platform is the latest innovation from the securities finance firm over the past year to enhance the collateral management infrastructure.