DataLend: Securities Lending Revenue Up 9% YoY to $923 Million in May 2022
June 2, 2022
NEW YORK (JUNE 2, 2022)—The global securities finance industry generated $923 million in revenue for lenders in May 2022, according to DataLend, the market data service of fintech EquiLend. The figure represents a 9% increase year over year from the $845 million generated in May 2021.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totaled an additional $243 million in revenue in May, a 6% decrease from 2021.
According to DataLend, the increase in lender-to-broker revenue over 2021 was driven primarily by EMEA equities, where on-loan values increased by 13% and average fees increased by 7%, resulting in a 28% increase in revenue generated.
In the APAC region, equities saw a slight increase in revenue of 3%. The Americas was the only region that saw a decrease, with revenue dropping by 3% year over year.
Fixed income markets experienced mixed results, with lending revenue from corporate debt up 85% due to a 67% increase in average fees over 2021. Government debt lending revenue observed a slight decrease of 1% due to a 9% decrease in on-loan value.
Compared to April 2022, the $923 million in revenue generated for lenders represents an 11% increase from the $828 million generated for lenders last month.
The top five earners in May 2022 were AXA SA (CS FP), Lucid Group (LCID), Mercedes-Benz Group AG (DAI GR), BNP Paribas (BNP FP) and Sanofi (SAN FP). The five securities in total generated over $68 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 $2.6 trillion securities finance market. www.datalend.com
EquiLend is a global financial technology firm offering trading, post-trade, market data, regtech and books & records services for the securities lending, collateral and swaps industries. www.equilend.com