Global securities finance revenues jump 40% YoY in July
10 August 2022 Global
Image: davidegerardi/stock.adobe.com
Global securities finance revenues have totalled US$1.215 billion, making July 2022 the highest revenue-generating month of the year, according to S&P Global Market Intelligence.
This represents a 40 per cent YoY rise in securities finance revenues for the month of July, driven by strong demand for equities lending.
Looking month-on-month, securities finance revenues have risen 6 per cent relative to June 2022.
American equity revenues for the month of July skyrocketed, rising 103 per cent YoY to US$605 million.
Global equity revenues increased 44 per cent YoY, and 8 per cent month-on-month, making July the highest revenue-generating month so far for the individual asset class.
S&P Global Market Intelligence also announced that EMEA equities experienced a 12 per cent decrease in fees YoY despite an increase of 54 per cent in utilisation.
Exchange-traded products (19 per cent), government (7 per cent) and corporate bonds (77 per cent) all saw increases in revenues YoY.
American depository receipts (ADRs) continued to experience a decline in revenues YoY, although ADR lending revenues for July were up 40 per cent relative to June.
The top five revenue-generating Americas equities for July 2022 include Gamestop Corp (GME), Beyond Meat Inc (BYND), Lucid Group Inc (LCID), Faraday Future Intelligent Electric Inc (FFIE), and Dutch Bros Inc (BROS).
This represents a 40 per cent YoY rise in securities finance revenues for the month of July, driven by strong demand for equities lending.
Looking month-on-month, securities finance revenues have risen 6 per cent relative to June 2022.
American equity revenues for the month of July skyrocketed, rising 103 per cent YoY to US$605 million.
Global equity revenues increased 44 per cent YoY, and 8 per cent month-on-month, making July the highest revenue-generating month so far for the individual asset class.
S&P Global Market Intelligence also announced that EMEA equities experienced a 12 per cent decrease in fees YoY despite an increase of 54 per cent in utilisation.
Exchange-traded products (19 per cent), government (7 per cent) and corporate bonds (77 per cent) all saw increases in revenues YoY.
American depository receipts (ADRs) continued to experience a decline in revenues YoY, although ADR lending revenues for July were up 40 per cent relative to June.
The top five revenue-generating Americas equities for July 2022 include Gamestop Corp (GME), Beyond Meat Inc (BYND), Lucid Group Inc (LCID), Faraday Future Intelligent Electric Inc (FFIE), and Dutch Bros Inc (BROS).
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