The Purple Issue 16
October 2024
I thought I would be sitting in my hotel room in sunny Naples, Florida, writing this introduction. Instead, I’m looking out on the now chilly streets of New York City. We were all very disappointed to miss the inaugural ISLA Americas conference this year due to Hurricane Milton, but hopefully The Purple can bring you all up to speed on revenue and trends in our market. Revenue across every region was down relative to Q3 2023. The pages ahead will dive into why.
September 9 was a big day for the Data & Analytics team at EquiLend – and for our clients! We launched DataLend’s highly anticipated new data visualization platform with new functionality, including greater flexibility and customization. Our Real-Time Data product was also enhanced to include lifecycle events including rerates, returns and recalls. Client feedback so far has been extremely positive. If you haven’t logged in recently, do so today!
Finally, if you are not already signed up, be sure to check out our Orbisa short interest indicators and financing data – now available with a simple click on the Bloomberg App Store!
https://blinks.bloomberg.com/screens/apps%20orbisa
Insights
Around the World in Sovereign Bonds
DataLend investigates the bond markets of the U.S., Latin America and Europe amidst a backdrop of trade wars and rising interest rates.
A Day in the Life of: David Field
A Q&A with David Field, Founder and Managing Director, The Field Effect
Accesing China
Accesing China Chris Benedict, Director, DataLend April 11, 2018 Investors have been clamoring for access to China’s capital markets for decades. With China having overtaken the U.S. as the world’s largest economy last year (although the U.S. is still top in terms of gross domestic product, at $18.6 trillion), investors’ desire for exposure to mainland
Born Again Blockchain?
Some firms are reinventing themselves, apparently capitalizing on the market’s fervent enthusiasm for all things blockchain. The securities lending market appears to be skeptical.
A Day in the Life of: Craig Donohue
A Q&A with Craig Donohue, Executive Chairman & Chief Executive Officer, OCC
Cryptocurrencies (and Securities Lending)
Bitcoin’s spectacular rise in value relative to government-issued centralized currencies has dominated headlines in the past year.
Regional Focus: Asia Pacific (H1 2017)
REGIONAL FOCUS: ASIA PACIFIC ROBERT ANTELMANN Product Specialist, DataLend September 26, 2017 Securities finance revenue in Asia ex-Japan for the first half of 2017 fell when compared to the same period in 2016. Overall revenue for the region was down by 17% year over year, from $615.4 million in 2016 to $508.5 million this year.
Regional Focus: EMEA (H1 2017)
REGIONAL FOCUS: EMEA JAMES PALMER Product Specialist, DataLend NIMISHA PATEL Product Specialist, DataLend DAVID POULTON Product Specialist, DataLend The EMEA region saw a decrease in overall securities lending revenue in the first half of 2017 compared to the same period in 2016, which was in line with global trends in the industry. While a year-over-year
Regional Focus: Americas (H1 2017)
REGIONAL FOCUS: AMERICAS BY CHRIS BENEDICT Director, DataLend MATT ROSS Product Specialist, DataLend KEITH MIN Product Specialist, DataLend On-loan and inventory balances for North and South America grew in the first half of 2017, buoyed by continued strong performance in the cash markets. The average lendable inventory of $10.38 trillion and average on-loan balance of
Lending ETFs
The robust ETF lending market in the U.S. eclipses a nascent market in EMEA and Asia. DataLend examines the global ETF landscape
Short Meets Long: When Securities Lending Data Illuminates Market Sentiment
While the securities finance industry has become considerably more transparent than it was a decade ago with the advent of specialized data providers such as DataLend, the critical metrics that market participants monitor on a daily basis are still relatively unknown outside the institutional marketplace.
Standardizing Performance Measurement
For all parties involved in securities lending, transparency has become increasingly important to ensure that optimal value is extracted from lending programs.
A Day in the Life of: John Arnesen
A Q&A with John Arnesen, Global Head, Agency Securities Lending, BNP Paribas Securities Services.
Roundtable: How Beneficial Owners Use Market Data
Consultants specializing in working with firms to optimize their lending programs discuss how their beneficial owner clients are making the most of securities finance market data.
How Special Are Specials in Securities Lending?
Hard-to-borrow securities, also known as specials, make up a considerable percentage of the securities lending market’s revenue, but the 2017 global equity market rally has had a negative impact on the specials market thus also reducing lending revenue. DataLend investigated how the reduction of specials in the market has impacted global revenues over the past 18 months.
SFTR: Opportunities and Challenges
While SFTR presents challenges for lenders, the regulation also raises an opportunity to reform, and streamline, global trading models.