Global securities lending revenues up 9% YoY for May, says DataLend
07 June 2022 US
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The global securities finance industry generated US$923 million in revenue for lenders in May 2022, up 9 per cent from May 2021, according to DataLend.
Compared to April 2022, this represents an 11 per cent increase from the US$828 million generated from lenders last month.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totalled an additional US$243 million in revenue in May 2022, a 6 per cent decrease year-on-year (YoY).
The increase in lender-to-broker revenue over 2021 was driven primarily by Europe, Middle East and Africa equities, where on-loan values increased 13 per cent and average fees increased 7 per cent, resulting in a 28 per cent jump in revenue generated.
In the Asia Pacific region, equities saw a 3 per cent increase in revenue. The Americas was the only region that saw a decrease, with revenue dropping 3 per cent YoY.
The top five earners in May 2022 were AXA SA (CS FP), Lucid Group (LCID), Mercedes-Benz Group AG (DAI GR), BNP Paribas (BNP FP) and Sanofi (SAN FP). The five securities in total generated over US$68 million in revenue during the month.
Compared to April 2022, this represents an 11 per cent increase from the US$828 million generated from lenders last month.
Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totalled an additional US$243 million in revenue in May 2022, a 6 per cent decrease year-on-year (YoY).
The increase in lender-to-broker revenue over 2021 was driven primarily by Europe, Middle East and Africa equities, where on-loan values increased 13 per cent and average fees increased 7 per cent, resulting in a 28 per cent jump in revenue generated.
In the Asia Pacific region, equities saw a 3 per cent increase in revenue. The Americas was the only region that saw a decrease, with revenue dropping 3 per cent YoY.
The top five earners in May 2022 were AXA SA (CS FP), Lucid Group (LCID), Mercedes-Benz Group AG (DAI GR), BNP Paribas (BNP FP) and Sanofi (SAN FP). The five securities in total generated over US$68 million in revenue during the month.
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