EquiLend’s securities lending ADV hits new high in February
24 March 2022 US
Image: AdobeStock/ Andrii Yalanskyi
EquiLend has reported a new trading high on its NGT platform, with average daily trading volumes during February rising to 121,424 trades, up 14 per cent YoY and up 2 per cent month-on-month from January.
The New York-based securities finance trading, post-trade and data services specialist indicates that 2.34 million trades, with a total notional value of US$2.6 trillion, were executed on NGT during February 2022.
The company reports strong demand for both equities and fixed income lending, with trade counts for EMEA equities and corporates up 38 per cent YoY for fixed income and up 32 per cent YoY for equities loans.
Month-on-month, fixed income loan counts have increased 20 per cent and equity lending activity was up 3 per cent on January 2022.
Fixed income lending hit a new single day volume record of 33.084 trades on 7 February.
EquiLend has observed a measure of risk-reduction in recent weeks, with some transactions being unwound. However, rising market volatility has also fuelled a step up in short selling activity, thereby driving strong loan flow across its platform.
Reflecting on the sector-wise highlights, technology, retail and high-yield ETFs were lively sectors in the EquiLend Clearing Services Loan Market, EquiLend’s securities lending CCP for US equities, ADRs and ETFs, as appetite for CCP-cleared lending activity continues to rise.
General collateral (GC) lending was subdued as traders waited on forthcoming monetary policy announcements from the US Federal Reserve.
The New York-based securities finance trading, post-trade and data services specialist indicates that 2.34 million trades, with a total notional value of US$2.6 trillion, were executed on NGT during February 2022.
The company reports strong demand for both equities and fixed income lending, with trade counts for EMEA equities and corporates up 38 per cent YoY for fixed income and up 32 per cent YoY for equities loans.
Month-on-month, fixed income loan counts have increased 20 per cent and equity lending activity was up 3 per cent on January 2022.
Fixed income lending hit a new single day volume record of 33.084 trades on 7 February.
EquiLend has observed a measure of risk-reduction in recent weeks, with some transactions being unwound. However, rising market volatility has also fuelled a step up in short selling activity, thereby driving strong loan flow across its platform.
Reflecting on the sector-wise highlights, technology, retail and high-yield ETFs were lively sectors in the EquiLend Clearing Services Loan Market, EquiLend’s securities lending CCP for US equities, ADRs and ETFs, as appetite for CCP-cleared lending activity continues to rise.
General collateral (GC) lending was subdued as traders waited on forthcoming monetary policy announcements from the US Federal Reserve.
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