Global securities finance revenues increase by fifth YoY in April
04 May 2021 US
Image: stock.adobe.com/iQoncept
Global securities finance revenues for April increased 20 per cent compared to the same month last year — from $574 million to $690 million, according to DataLend.
EquiLend’s market data division also reported a 9 per cent increase from the $632 million generated for lenders in March.
Global broker-to-broker activity totalled an additional $198 million in revenue in April, a 9 per cent increase from the same month in 2020.
Due to short selling bans in the region, European equity revenue was suppressed in 2020 which led to a European equity revenue boost of 23 per cent year-over-year (YoY). In April, global equities saw an increase of 19 per cent YoY with $85 million in revenue generated.
In the fixed income market, global revenue generated from government debt increased 25 per cent, while corporate debt increased 28 per cent over 2020.
The top-five securities — which generated over $38 million in revenue in April — were Blink Charging (BLNK), Volvo AB Class B (VOLVB SS), Social Cap Hedosophia Holdings (IPOE), Futu Holdings (FUTU) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
EquiLend’s market data division also reported a 9 per cent increase from the $632 million generated for lenders in March.
Global broker-to-broker activity totalled an additional $198 million in revenue in April, a 9 per cent increase from the same month in 2020.
Due to short selling bans in the region, European equity revenue was suppressed in 2020 which led to a European equity revenue boost of 23 per cent year-over-year (YoY). In April, global equities saw an increase of 19 per cent YoY with $85 million in revenue generated.
In the fixed income market, global revenue generated from government debt increased 25 per cent, while corporate debt increased 28 per cent over 2020.
The top-five securities — which generated over $38 million in revenue in April — were Blink Charging (BLNK), Volvo AB Class B (VOLVB SS), Social Cap Hedosophia Holdings (IPOE), Futu Holdings (FUTU) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
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