Securities lending on Brazil Exchange jumps in Q2
11 August 2011 São Paulo
Image: Shutterstock
BM&FBovespa reported that securities lending grew 39.3 per cent year-on-year to revenues of BRL 17.2 million (€7.4m) on the back of high volumes.
“This increase was mainly a result of the higher volume of lending services in connection with average open interest positions,” said BM&FBovespa.
Average open interest rose to BRL28.3 billion, an almost 10 per cent rise quarter-on-quarter and a 42 per cent rise year-on-year.
CFO and investor relations officer Eduardo Refinetti Guardia said: "We are heartened by a number of strong performances in areas like securities lending, derivatives and high-frequency trading in equity."
Securities lending revenues represented 3.3 per cent of overall gross operating revenues.
“This increase was mainly a result of the higher volume of lending services in connection with average open interest positions,” said BM&FBovespa.
Average open interest rose to BRL28.3 billion, an almost 10 per cent rise quarter-on-quarter and a 42 per cent rise year-on-year.
CFO and investor relations officer Eduardo Refinetti Guardia said: "We are heartened by a number of strong performances in areas like securities lending, derivatives and high-frequency trading in equity."
Securities lending revenues represented 3.3 per cent of overall gross operating revenues.
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