Monthly Securities Finance Market Review: December 2025
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, highlighting December trends and records seen across NGT.
Author: Summer O'Regan
Monthly Securities Finance Market Review: November 2025
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, highlighting November trends seen across NGT. The following data has been measured and derived from EquiLend NGT.
Market Flash on IRBT
EquiLend’s data, reported in real time, revealed iRobot’s borrow costs spiked 4,700% this month, but traditional short-interest reports won’t show that for weeks.
SEC Extends Securities Lending and Short Position Reporting Compliance Deadlines to 2028
On December 3, 2025, the Securities and Exchange Commission issued an order granting temporary exemptive relief that extends compliance deadlines for securities lending and short position reporting requirements under Rules 10c-1a and 13f-2.
Shaping Smarter Securities Finance Strategies with EquiLend Real-Time Data
Insight Nov 2025 Vaibhav Garg Shaping Smarter Securities Finance Strategies with EquiLend Real-Time Data Real-time data unlocks faster decision-making, stronger risk management and more profitable trading strategies backed by continuous, real-time data flow. In today’s compressed settlement cycles, volatile markets and regulatory-driven deadlines, access to intraday insights is the only way to capture opportunities and […]
Monthly Securities Finance Market Review: October 2025
October 2025 saw securities lending activity on EquiLend’s NGT platform rise 6% month-over-month to 3.75 million trades (improving on the monthly high set in September) versus $4.11 trillion, led by an 8% increase in equity volumes and a 3% uptick in fixed income month over month.
Seeing the Market Clearly: Featured In The Journal of Securities Operations & Custody
EquiLend’s Nancy Allen was invited by The Journal of Securities Operations & Custody to share her insights on how securities finance data is powering smarter trading and investment strategies.
EquiLend Client Forum 2025: 5 Roadmap Takeaways You Need to Know
We invited clients to share their thoughts on key industry questions as part of our client conference series, with some interesting data revealed! Our EquiLend Insight article details how direct client feedback and industry trends data like these recent findings has, and will continue to, shape our product roadmap.
Market Flash on LAZR
Luminar Technologies (LAZR US) investors received a trick and not a treat this Halloween.
The Next Chapter in Securities Finance: EquiLend 1Source at Launch and Beyond
A phased rollout in partnership with some of the market’s largest players paves the way for industry-wide efficiency, transparency and scalability.
Market Flash on BYND
The retail investing community is at it again as Beyond Meat (BYND US) is the latest meme stock to hit the news.
Market Flash on French Government Bond Turmoil
In an unforeseen move, S&P Global Ratings downgraded the French sovereign credit score from AA- to A+ amidst recent political turmoil in Paris.
EquiLend’s Statement on F5 Security Advisory
On October 15, 2025, F5 Networks disclosed a security incident involving unauthorized access to certain internal systems.
Monthly Securities Finance Market Review Sept 2025
NGT trading data showed +29% YoY increase in trading volumes for September! These highs take us into an optimistic Q4 with continued global revenue growth. ETFs continue their upward trajectory as momentum returns to securities finance revealing a new appetite for the power of automation.
EquiLend 1Source Goes Live With BNY and National Bank of Canada. Additional Counterparties to Follow
EquiLend, the global financial technology, data and analytics company for the securities finance industry, today announced that The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, and National Bank of Canada (TSE: NA) began executing trades utilizing 1Source’s distributed ledger technology (DLT) to increase efficiency, reduce breaks, and eliminate reconciliations.
Market Flash on APP US
After an 80% rally year-to-date, Applovin (APP US) fell 14% on October 6 following S&P 500 inclusion and reports of an SEC probe into its data-collection policies.
The warning signs were there, EquiLend’s Borrow Quantity surged +1,300% between Sept 18–22, rising from 1.4M to 19.35M shares, a clear indication that short sellers were positioning ahead of the selloff.
EquiLend + Trading Apps = Front-to-Back Automation
Following its acquisition of Trading Apps, EquiLend advances its mission to eliminate fragmentation and create a unified trade lifecycle for the securities finance industry.
Monthly Securities Finance Market Review Aug 2025
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, analyzing the August downturn, the region showing counter indicators to the summer slowdown and the strength in the market year-over-year.
EquiLend: Securities Lending Revenue Totals $1.18 Billion in August 2025, Up 42% from August 2024
The global securities finance industry posted strong results in August 2025, generating $1.18 billion in revenue for lenders, according to EquiLend Data & Analytics.
The Future of Securities Finance: How EquiLend’s AI Assistant can Redefine Data, Insights and Client Value
Insight Aug 2025 Vaibhav Garg The Future of Securities Finance: How EquiLend’s AI Assistant Can Redefine Data, Insights & Client Value Securities finance professionals are swimming in oceans of data: short interest signals, lending fees, macro signals, modelling data and often searching across data silos. The real problem is having enough time to turn that […]
Monthly Securities Finance Market Review July 2025
EquiLend’s Head of Trading Solutions, Mike Norwood returns with analysis of securities finance markets in July as tariff policy and inflation bolstered western markets, while trade tensions and currency concerns unsettled eastern markets.
EquiLend Launches AI Assistant to Accelerate Access to Securities Finance Insights
EquiLend, a global fintech leader in securities finance, today introduced a new AI-powered assistant within its Data & Analytics suite, designed to help users interact with securities finance and short interest insights more efficiently.
EquiLend: Securities Lending Revenue Hits $1.24 Billion in July 2025, Up 47% Year–Over–Year
The global securities finance industry generated $1.24 billion in revenue for lenders in July 2025, according to data from EquiLend Data & Analytics. The figure marks a 47% increase from July 2024 and a 12% increase from June 2025.
Market Flash: Most Shorted Stocks
A key theme emerging in the market year-to-date is the notable underperformance of consensus bearish trades.
SEC Extends 10c-1a Compliance Timeline and What It Means for You
On July 28, 2025, the U.S. Securities and Exchange Commission (SEC) issued an Order Granting Temporary Exemptive Relief under Rule 10c-1a, formally extending key compliance dates for market participants and FINRA.
EquiLend Acquires Trading Apps to Advance Front-Office Automation
EquiLend has expanded its capabilities as a global leader in securities finance with the acquisition of Trading Apps, a front-office technology provider known for its automation tools and modular trading solutions used by many of the world’s leading securities finance desks.
Market Flash on KSS & OPEN
Insight JULY 25, 2025 Market Flash Market Flash on Kohl’s (KSS) and Opendoor (OPEN) The Return of Meme Stock Mania Recent market activity has shown how heavily shorted stocks can be affected by coordinated retail trading campaigns. Our analysis of Kohl’s Corporation (KSS) and Opendoor Technologies (OPEN) identifies patterns in securities finance metrics that indicate […]
Market Flash on LCID
Lucid Motors price soared nearly 40% following its robotaxi deal with Uber, but are the shorts positioning for a fall?
Market Flash on UMAC
EquiLend’s data for Unusual Machines (UMAC) signaled investor skepticism ahead of a recent price drop.
EquiLend: Securities Lending Revenue Rises to $5.2 Billion in H1 2025, Up 9% Over 2024
EquiLend: Securities Lending Revenue Rises to $5.2 Billion in H1 2025, Up 9% Over 2024 July 4, 2025 The global securities finance industry generated $5.2 billion in revenue for lenders in the first half of 2025, according to EquiLend Data & Analytics. The figure represents a 9% increase from the $4.8 billion generated in H1 […]
Fully Paid Lending with EquiLend Spire
As part of the EquiLend Spire suite of Securities Finance Platform Solutions, EquiLend’s Fully Paid Lending (FPL) system delivers a comprehensive FPL engine to firms which offer FPL as a service, as well as a full-fledged solution for those looking to start an FPL offering.
The Purple Edition 19 | A Market’s Maturation: The Continued Growth of ETF Securities Finance
Insight July 2025 The Purple A Market’s Maturation: The Continued Growth of ETF Securities Finance The long-term growth of the Exchange-Traded Fund (ETF) market is one of the most significant structural developments in modern finance. As ETFs have become foundational components of institutional portfolios, the ecosystem supporting them has matured in tandem. A key part […]
The Purple Edition 19 | Tariff Turbulence: How Trade Wars Reshaped Securities Lending in H1 2025
Insight July 2025 The Purple Tariff Turbulence: How Trade Wars Reshaped Securities Lending in H1 2025 The securities lending market thrives on market volatility and since Trump took office the VIX volatility index peaked to levels not seen since March 2020, when COVID rattled the globe. According to President Trump, “Tariffs is the most beautiful […]
The Purple Edition 19 | H1 2025 Securities Lending Market Revenue
Insight July 2025 The Purple H1 2025: Securities Lending Market Revenue EquiLend looks back on the drivers of lending revenue in the first half of 2025 in the 19th Edition of EquiLend The Purple. As we arrive at the midway point of 2025, trade and market volatility remain the global topics of conversation. The Trump […]
Market Flash on UNH
UnitedHealth Group (TICKER: UNH) shares fell from $600 on April 11 to $275 as of May 15 erasing over $300 billion in market value as rising medical costs, regulatory pressures and a Department of Justice criminal investigation into possible Medicare fraud undermined investor confidence.
The Challenges of Changing Regulation in Securities Finance
EquiLend’s Kevin McNulty, Head of RegTech Solutions and Iain MacKay, RegTech Solutions Product Owner, were both featured on panels during the Securities Finance Times Winter Symposium discussing regulatory impacts seen across the industry and the road ahead for securities finance regulation.
EquiLend Monthly Market Commentary Oct 2022
Mike Norwood, Head of EquiLend Trading Solutions, gives his take on October’s trading data with the continued backdrop of global volatility from a range of sources.
EquiLend Securities Finance Trading Q3 2022 Lookback
Mike Norwood, Head of EquiLend Trading Solutions, gives his take on the global market impacts surrounding inflation concerns while highlighting the all-time highs seen throughout Q3 across EquiLend’s NGT platform, resulting in our 6th consecutive record quarter in relation to volumes traded across the global platform.
EquiLend Solutions: Viewing Trade Lifecycle Activity Centrally
View, trade, manage and monitor your positions, exposure, settlement and inventory, centrally for a whole lifecycle experience with EquiLend Services.
EquiLend Securities Finance Q2 Lookback
Mike Norwood, Head of EquiLend Trading Solutions, provides insight into the market trends seen throughout Q2 while reflecting on EquiLend’s record quarter in relation to volumes traded across the global platform, resulting in growth year over year.
CSDR Client Concerns: Part 4
In our CSDR Client Concerns series we’ve considered each of the points causing clients the greatest concerns ahead of CSDR and examined each in practice since CSDR go-live in Feb 2022. One issue which has only been lightly considered is that of liquidity. Has market liquidity been negatively impacted by increased regulation?