Global securities lending revenue rises 27% YoY for Q1 2023, says DataLend
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Global securities lending revenue rises 27% YoY for Q1 2023, says DataLend 04 April 2023US Reporter: Carmella Haswell
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The global securities finance industry generated US$2.76 billion in revenue for lenders in Q1 2023, a 27 per cent year-on-year increase, according to DataLend.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, generated an additional US$758 million in revenue during Q1, a 21 per cent increase from Q1 2022.
The market data service of fintech EquiLend reports AMC Entertainment Holdings as the top earner for the first quarter of 2023, with lending revenue for the firm totalling US$181 million in the lender-to-broker market.
The second highest earner according to DataLend was Beyond Meat Inc, which accounted for US$68 million in lending revenue for Q1 2023.
In March 2023 alone, the global securities finance industry generated US$1.02 billion in revenue for lenders. The figure represents a 22 per cent increase YoY from March 2022.
Broker-to-broker activity totalled an additional US$271 million in revenue in March, a 10 per cent increase YoY.
According to DataLend, the continuing trends in rising lending fees contributed to the increase in lender-to-broker revenue. Globally, across all asset classes, lending fees climbed 27 per cent YoY as loan balances fell 5 per cent.
The top five earners in March 2023 were AMC Entertainment Holdings (AMC), Beyond Meat Inc (BYND), Roche Holdings AG (ROG SW), Upstart Holdings Inc. (UPST) and Lucid Group (LCID). In total, the group generated US$132 million in revenue in the month.
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