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  3. Global securities lending revenues rise 20% YoY for H1 2023, says EquiLend’s Allen
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Global securities lending revenues rise 20% YoY for H1 2023, says EquiLend’s Allen


27 July 2023 US
Reporter: Carmella Haswell

Generic business image for news article
Image: yutthana/stock.adobe.com
Global securities lending revenues have increased 20 per cent year-over-year for H1 2023, generating US$5.76 billion in the lender-to-broker market, says Nancy Allen, head of data and analytics solutions at EquiLend.

Equities played a major role in the global increase in lending revenue, contributing US$4.42 billion in H1 2023 revenue, and representing an 18 per cent YoY rise, as highlighted in EquiLend’s half-year edition of The Purple.

Higher interest rates created a conducive environment for fixed income lending, EquiLend reports, which generated US$1.34 billion in revenue in the first half of 2023 with fees up by 32 per cent YoY.

“It was an eventful first half of the year marked by a regional banking crisis, a resurgence in meme stock activity and persistent interest rate hikes to battle global inflation,” says Allen.

Despite this, a positive performance for the industry was seen across the regions with securities lending revenue for the Americas up 27 per cent YoY for H1 2023 to US$3.39 billion.

EMEA recorded a 14 per cent YoY rise in securities lending revenues to US$1.33 billion over the same period, with Asia Pacific recording a 5 per cent YoY jump in revenues to US$1.02 billion.
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