Securities finance revenues up 10% YoY Q1, says DataLend
01 April 2021 US
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Global securities finance revenues increased 10 per cent in the first quarter of 2021 compared to the same period last year, according to the latest figures from DataLend.
The industry generated $2.07 billion in revenue for lenders across the globe in the first three months of this year, according to DataLend, the market data division of EquiLend. The same period in 2020 generated $1.88 billion.
The raft of Initial Public Offerings, Special Purpose Acquisition Companies and January’s short squeeze were to thank for the boost in revenue from equities — an 8 per cent YoY increase to $1.65 billion. Revenue generated from fixed income securities increased by 20 per cent over the same time frame, representing $420 million.
The top-five hottest securities combined generated more than $50.8 million in revenue in March, according to DataLend. These were Futu Holdings, iShares iBoxx $ High Yield Corporate Bond ETF, United States of America Treasury Notes 1.125% 15/02/31, Rocket Companies, and ChargePoint Holdings.
Again in March, the global securities finance industry generated $632 million in revenue for lenders, a minor increase from the $631 million generated in February and a 2 per cent increase from the $622 million generated in March 2020.
Broker-dealers lending and borrowing securities from one another generated $248 million in revenue in March, an 11 per cent increase from 2020. Government debt was the main driver behind the 2 per cent increase of $9.6 million in lender-to-broker revenue YoY.
The industry generated $2.07 billion in revenue for lenders across the globe in the first three months of this year, according to DataLend, the market data division of EquiLend. The same period in 2020 generated $1.88 billion.
The raft of Initial Public Offerings, Special Purpose Acquisition Companies and January’s short squeeze were to thank for the boost in revenue from equities — an 8 per cent YoY increase to $1.65 billion. Revenue generated from fixed income securities increased by 20 per cent over the same time frame, representing $420 million.
The top-five hottest securities combined generated more than $50.8 million in revenue in March, according to DataLend. These were Futu Holdings, iShares iBoxx $ High Yield Corporate Bond ETF, United States of America Treasury Notes 1.125% 15/02/31, Rocket Companies, and ChargePoint Holdings.
Again in March, the global securities finance industry generated $632 million in revenue for lenders, a minor increase from the $631 million generated in February and a 2 per cent increase from the $622 million generated in March 2020.
Broker-dealers lending and borrowing securities from one another generated $248 million in revenue in March, an 11 per cent increase from 2020. Government debt was the main driver behind the 2 per cent increase of $9.6 million in lender-to-broker revenue YoY.
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