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. NGT records 2% trading volume increase YoY for July, says EquiLend
Industry news

NGT records 2% trading volume increase YoY for July, says EquiLend


11 August 2022 US
Reporter: Carmella Haswell

Generic business image for news article
Image: piggu/stock.adobe.com
EquiLend executed 2.3 million trades on its NGT trading platform during July 2022 against US$2.2 trillion. This represents a 2 per cent year-over-year (YoY) increase in trade volume.

According to Mike Norwood, EquiLend director and global trading product owner, volumes decreased 11 per cent compared to June 2022.

As global equity markets recovered slightly after a difficult first half of the year and volatility tempered, Norwood saw activity down across the board.

Due to the summer holidays in the northern hemisphere, July and August tend to be relatively slow.

However, because of the 75 basis points rate hike by the US Federal Reserve System — coupled with the forward guidance that eventually hikes will ease, historic levels of inflation, and continued conflict between Russia and Ukraine, the remainder of the year is likely to be unpredictable at best and should result in robust securities lending activity.

The noteworthy trends of July 2022 saw non-GC trading via NGT continue to hit new highs of 23 per cent of total trades, representing 25,000 trades daily.

Activity in the health sector continued to slow, with Information Technology becoming the third most traded sector behind Industrials and Consumer Discretionary.
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
→ EquiLend

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

Visit our directory →
Glossary terms in this article
→ Volatility

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →