Global securities lending revenue rises 1% in February, says DataLend
03 March 2022 US
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The global securities finance industry generated US$634 million in revenue for lenders in February 2022, according to DataLend. This represented less than a 1 per cent increase year-over-year from the US$631 million generated in February 2021.
According to DataLend, the increase in lender-to-broker revenue over 2021 was driven by global fixed income, where the average fee increased by 19 per cent and the average on-loan value increased by 3 per cent.
Government debt saw an 8 per cent rise in revenue while corporate debt saw an increase of 104 per cent YoY.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totalled US$185 million in revenue last month, a 35 percent decrease YoY.
The resulting US$30 million revenue increase offset a major decrease in revenue for Europe, the Middle East and Africa, as well as North American equities of 18 per cent and 9 per cent, respectively.
Compared to January 2021, the US$634 million in revenue generated for lenders represents a 10 per cent downfall from the US$703 million generated for lenders last month.
The top five earners in February 2022 were Lucid Group (LCID), Digital World Acquisition Corp (DWAC), Cassava Sciences (SAVA), Ginkgo Bioworks (DNA) and Dutch Bros (BROS). The five securities in total generated over US$58 million in revenue in the month.
According to DataLend, the increase in lender-to-broker revenue over 2021 was driven by global fixed income, where the average fee increased by 19 per cent and the average on-loan value increased by 3 per cent.
Government debt saw an 8 per cent rise in revenue while corporate debt saw an increase of 104 per cent YoY.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totalled US$185 million in revenue last month, a 35 percent decrease YoY.
The resulting US$30 million revenue increase offset a major decrease in revenue for Europe, the Middle East and Africa, as well as North American equities of 18 per cent and 9 per cent, respectively.
Compared to January 2021, the US$634 million in revenue generated for lenders represents a 10 per cent downfall from the US$703 million generated for lenders last month.
The top five earners in February 2022 were Lucid Group (LCID), Digital World Acquisition Corp (DWAC), Cassava Sciences (SAVA), Ginkgo Bioworks (DNA) and Dutch Bros (BROS). The five securities in total generated over US$58 million in revenue in the month.
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