IBKR sees drop in securities lending interest income
Latest news
IBKR sees drop in securities lending interest income 23 April 2019London Reporter: Rebecca Delaney
Image: Shutterstock
Securities lending interest income saw a decrease of 12 percent in Q1 2019 compared to Q1 2018, according to Interactive Brokers Group (IBKR).
In its report of Q1 2019 earnings, IBKR identified that this reduction can be attributed to fewer hard-to-borrow names that investors wanted to short.
Paul Brody, CFO and treasurer of IBKR added that a larger proportion of interest income in securities lending is now categorised as interest income earned on segregated funds.
Furthermore, securities lending income has seen an increase of 4 percent sequentially over Q4 2018, as the firm continues the optimisation of lending on market opportunities.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 