DataLend: August 2022 Securities Lending Revenue Up 10% YoY to $878 Million
September 6, 2022
NEW YORK (Sept. 6, 2022) — The global securities finance industry generated $878 million in revenue for lenders in August 2022, according to DataLend, the market data service of fintech EquiLend. The figure represents a 10% increase year over year from the $796 million generated in August 2021.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totaled an additional $242 million in revenue in August, a 15% increase from August 2021.
According to DataLend, the increase in lender-to-broker revenue over 2021 was driven primarily by North American equities, where average fees increased by 36%, resulting in a 36% increase in revenue generated.
In the APAC region, equities saw a decline in revenue of 21% due to a decrease in average fees of 15%. EMEA equities also saw a decline in revenue of 35% driven by a decrease in average fees of 54% over 2021.
For fixed income securities, global revenue generated from government debt saw an 11% increase, while corporate debt increased 98%. Both increases in revenue were driven by rises in the average fees of 15% and 83% respectively.
Compared to the previous month, the $878 million in revenue generated for lenders represents a 6% decrease from the $939 million generated for lenders in July 2022.
The top five earners in August 2022 were Gamestop Corporation (GME), Beyond Meat (BYND), Lucid Group (LCID), Sirius XM Holdings (SIRI) and Dutch Bros (BROS). The five securities in total generated over $117 million in revenue in the month.
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 62,000 unique securities in the $2.5 trillion securities finance market. www.datalend.com
EquiLend is a global financial technology, data and analytics firm offering Trading, Post-Trade, Data & Analytics, RegTech and Securities Finance Platform Solutions for the securities finance industry. EquiLend has offices in New York, New Jersey, Boston, Toronto, London, Dublin, India, Hong Kong and Tokyo and is regulated in jurisdictions around the globe. www.equilend.com