After aggressively hiking interest rates to a 10-year high of 5.5%, the U.S. Federal Reserve started 2024 in a holding-pattern of sorts. Inflation measures were cooling, but the American consumer was still feeling the pain of high prices.
With two months now elapsed since the 2024 U.S. presidential election, policy shifts planned by the incoming administration have begun to come into focus, and broader financial markets have reacted in kind. While the implications of a potentially dramatic shift are only beginning to be realized, there are key signals and themes which can already be observed within the securities finance market.
As U.S. equity markets rallied in 2024, securities lending revenue for U.S. equities faced significant challenges, with Q4 revenue down 7% year-over-year (YoY), contributing to a total annual decline of 17%. A 22% drop in fees drove the decrease and offset a 5% increase in balances, which was driven by increased valuations.
While global securities lending revenue faced headwinds in 2024, the Asia-Pacific (APAC) region showed resilience, experiencing a comparatively modest 1.8% year-over-year (YoY) decline to $2.1 billion. The majority of revenue was generated by equities, contributing $2 billion, representing a 0.3% YoY decline. A 3.3% increase in fees was offset by a 3.8% decrease in on-loan balances.
EquiLend’s 2024 in Review Trading infographic offers a holistic view of 2024 covering multiple asset classes, regions, sectors, global trends and more from the lens of EquiLend NGT.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his global monthly market review for securities finance with insight on EMEA from Rowena Brown, Head of Trading Solutions EMEA & APAC and Andy McCardle, Head of EquiLend APAC.
EquiLend is excited to announce that we have been awarded the Great Place to Work® Certification in the United States, United Kingdom, Ireland and India again for 2025!
On January 2, 2025, the SEC officially approved FINRA’s revised proposal under the FINRA Rule 6500 Series, establishing the framework for reporting under the 10c-1a regulation.
The global securities finance industry generated $9.64 billion in revenue for lenders in 2024, according to DataLend, the market data service of fintech EquiLend.
our 6 months of Accelerated Settlement T+1 Webinar covered key findings from 6 months of accelerated settlement and the detail around the challenges facing EMEA in the transition and touched on client feedback and sentiment this year in adapting to T+1.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his global monthly market review for securities finance with insight on EMEA from Rowena Brown, Head of Trading Solutions EMEA & APAC.
In our latest analytical piece, we dive into our all-new EquiLend Risk Resolution Suite (R2S), which includes the Recalls Notification, Returns Notification and Settlement Monitor services all in one place, designed to facilitate seamless connectivity, monitor intra-day risks and streamline data across all three global solutions within a single user interface.
The global securities finance industry generated $779 million in revenue for lenders in November 2024, according to DataLend, the market data service of fintech EquiLend.
Collateral management is a key consideration for European market participants in a T+1 environment. Exposure Management can support firms in achieving accelerated settlement
On November 14, 2024, FINRA published a proposed rule change to the FINRA Rule 6500 Series, which outlines updated requirements for 10c-1a reporting.
EquiLend Orbisa analyzes shares of Trump Media & Technology Group (DJT) and other stock names as the effects of the U.S. 2024 election ripple through securities finance.
Securities finance firms joined forces to support vulnerable children across London in an inaugural, industry-wide
football fundraiser.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his global monthly market review for securities finance with insight on EMEA from Rowena Brown, Head of Trading Solutions EMEA & APAC.
The global securities finance industry generated $818 million in revenue for lenders in October 2024, according to DataLend, the market data service of fintech EquiLend.
Shares of Trump Media & Technology Group (Ticker: DJT) have seen continued volatility in the securities finance market following a share lock-up expiration on September 25.
The securities finance market has evolved considerably over the years, and so has EquiLend. Here’s where we’ve been—and where we’re going.
Gabi Mantle, head of Post-Trade Solutions at EquiLend, looks at how the lessons learnt from a move to faster settlement can help the industry as it faces changing regulation
EquiLend, the global leader in technology, data, and analytics solutions for the securities finance industry, today announced the appointment of Rich Grossi as its new Chief Executive Officer.
U.S. equities, which generated 44% of global securities finance revenue, continued to cool year-over-year. With a strong run for U.S. stocks, one that has seen a 20% return for the S&P 500 year-to-date, and inflation concerns beginning to abate, the “Specials” side of the U.S. securities lending market has been understandably quieter after an economically tumultuous 2023.
With diverse businesses and roles within the securities lending marketplace, all having unique data requirements, users need access to customizable and dynamic tools that cater to their needs.
September 19th, 2024, marked the first time the Federal Reserve cut interest rates since March 2020. They set the new target rate between 4.75% and 5.00%, a reduction of 50 bps from the previous level of 5.25% to 5.50%.
The Asia-Pacific (APAC) region saw the steepest decline in lending revenue in Q3 2024, with revenue dropping by 7.2% YoY to $560 million.
Take Notes on the US 20-Year Bond – In recent weeks, Orbisa has observed significant securities lending activity for the August 15th 2024 issuance of the United States 20-year bond (4.125% US912810UD80).
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his global monthly market review for securities finance with insight on EMEA from Rowena Brown, Head of Trading Solutions EMEA & APAC.
Kevin McNulty, Head of Reg Tech Solutions, Mike Norwood, Head of Trading Solutions and Gabi Mantle, Head of Post Trade Solutions share their thoughts on FINRA’s SLATE system, the challenges of adapting to T+1 and broader regulatory pressures facing the industry.
The global securities finance industry generated $2.49 billion in revenue for lenders in the third quarter of 2024, according to DataLend, the market data service of fintech EquiLend.
Vanguard International Semiconductors has seen 100% increase in borrower quantity, and correlated share price gain year over year.
Shares of Trump Media and Technology Group have continued to remain in demand in the securities finance market as a large share lockup is set to expire on September 25.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, highlighting trends seen throughout August.
This time, Orbisa’s focus is on Luminar Technologies (Ticker: LAZR), a firm whose sensors are used in the autonomous systems of car manufacturers like Volvo and Nissan.
EquiLend, the global technology, data and analytics company for the securities finance industry, today announces the completion of its majority acquisition by private equity firm Welsh, Carson, Anderson & Stowe (WCAS).
The global securities finance industry generated $831 million in revenue for lenders in August 2024, according to DataLend, the market data service of fintech EquiLend.
In our latest Take Notes, Orbisa explores iShares MSCI Japan ETF (Ticker: EWJ), which saw its borrow quantity double from 4 million to 8 million shares in a single day following the Nikkei index’s 12% drop on August 5.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his global monthly market review for securities finance with insight on EMEA from Rowena Brown, Head of Trading Solutions EMEA & APAC.
The Securities and Exchange Commission announced that it is postponing its decision on the approval of FINRA’s 10c-1a SLATE proposal.
The global securities finance industry generated $843 million in revenue for lenders in July 2024, according to DataLend, the market data service of fintech EquiLend.