Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Canada bucks revenue trend in Q1
Industry news

Canada bucks revenue trend in Q1


06 June 2017 Toronto
Reporter: Drew Nicol

Generic business image for news article
Image: Shutterstock
Canada's securities lending market bucked the trend of revenue dips in Q1 2017, DataLend's Chris Benedict has said.

Attendees of the Canadian Â鶹´«Ã½ Lending Association Annual Conference in Toronto heard that Canadian revenue increased by $16 million in the opening quarter of the year, while revenue dropped by $145 million and $53 million for the US and Europe, respectively.

DataLend figures showed that Q1 revenue rose to $137 million this year, up from $121 million in the same period in 2016.

The Asia Pacific suffered a $47 million decrease in revenue, while the remaining lending markets saw a collective drop of $15 million, representing a global revenue dropout worth $244 million.

Benedict explained that Canada is primarily a general collateral market, although a small handful of super-hot Canadian stocks accounted for the vast majority of revenue.

In terms of collateral, Canada currently holds a 80/20 split in favour of non-cash collateral.
← Previous industry article

Canada must embrace term trades
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ DataLend

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Non-Cash Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →