We are now over a quarter of the way through 2023, and it’s proving to be a lucrative one for the securities lending community. Q1 revenue is up 27% year over year following a near-record 2022. The Americas led regionally, increasing 37% over Q1 2022. There certainly has been a lot of activity impacting the lending markets to review from Q1: from the regional banking turmoil, to AMC’s merger of common and preferred shares, to two Fed rate hikes and beyond.
Our 12th issue of The Purple provides a deep dive into the drivers of Q1 revenue while also exploring the rise in corporate debt revenue and the impact of the Silicon Valley Bank collapse on the lending markets. We have also highlighted EquiLend’s new Competitive Bid functionality on our premier trading platform, NGT.
To our clients, thank you again for your continued support and as always, we welcome your feedback on The Purple and all of our Data & Analytics Solutions offerings.
Nancy Allen
Head of Data & Analytics Solutions, EquiLend
nancy.allen@equilend.com