Securities Finance Industry News | Global securities lending revenue increases 1% in February, according to DataLend
The global securities finance industry generated $634 million in revenue for lenders in February 2022, according to DataLend. This represents less than 1% year-over-year increase from the US$631 million generated in February 2021.
According to DataLend, the increase in lender-to-broker revenue in 2021 was driven by global fixed income, where average fees increased 19% and average loan value increased 3%.
Government debt saw revenue rise 8%, while corporate debt rose 104% year-on-year.
The global broker-to-broker business, where brokers lend and borrow securities from each other, totaled $185 million in revenue last month, down 35% year-on-year.
The resulting increase in revenue of US$30 million offset a significant decline in revenue for Europe, the Middle East and Africa, as well as North American equities of 18% and 9% , respectively.
Compared to January 2021, the $634 million in revenue generated for lenders represents a 10% decrease from the $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). In total, the five titles generated more than $58 million in revenue during the month.