DataLend: Securities Lending Revenue Up 24% YoY to $939 Million in July 2022
August 3, 2022
NEW YORK (August 3, 2022) — The global securities finance industry generated $939 million in revenue for lenders in July 2022, according to DataLend, the market data service of fintech EquiLend. The figure represents a 24% increase year over year from the $756 million generated in July 2021.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totaled an additional $262 million in revenue in July, a 34% increase from 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 57%, resulting in a 51% increase in revenue generated.
In the APAC region, equities saw a decline in revenue of 15% due to a decrease in average fee of 12%. EMEA equities remained relatively flat year over year with a 1% increase in revenue over 2021.
Fixed income markets experienced revenue increases across both government debt, up 4%, and corporate debt, up 88%, compared to July 2021. The significant increase in corporate debt revenue was driven primarily by average fees rising by 74%.
Compared to the previous month, the $939 million in revenue generated for lenders represents a 5% increase from the $897 million generated in June 2022.
The top five earners in July 2022 were Gamestop Corporation (GME), Beyond Meat (BYND), Lucid Group (LCID), Faraday Future (FFIE) and Dutch Bros (BROS). The five securities in total generated over $154 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 Integrated 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