One of the brightest spots in the securities finance market is activity related to initial public offerings (IPOs).

The first half of 2019 has not been kind to the fixed income market, with total revenue down 30%.

Average duration is a measure of how long a trade is open, from the time that the security is borrowed to the time that it is returned back to the lender.

As summer 2019 drew to a close, DataLend reviewed trends that emerged throughout the season to see if the securities lending industry heated up along with the temperatures.

In this article DataLend examines the reasons why firms borrow securities, and some of the factors that can drive demand and make a security trade “special.”

DataLend takes a look beyond Q1 to forecast what to expect ahead in the securities finance industry.