The AI Gold Rush: Boom or Bust?
Equities market performance has been something of a pleasant surprise in the first half of 2023. In the U.S. market, the S&P 500 closed out the 2nd quarter roughly 16% higher than its mark from the start of the year.
Category: insight
Wisdom of the Crowd?
In his June 21, 2023, testimony before congress, Federal Reserve Chair Jerome Powell referred to the central bank’s view of bank-run mechanics as “outdated.” His comments, which sought to address the events leading up to Silicon Valley Bank’s collapse, allude to the fact that today, the genesis of financial panic is more likely to come from message boards than board rooms.
Monthly Securities Finance Market Review: June 2023
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance.
U.S. Beneficial Owners Roundtable: Global Investor Beneficial Owners Guide 2023
EquiLend was pleased to host and sponsor Global Investor Group’s U.S. Beneficial Owners Roundtable at our New York headquarters. Nancy Allen, Head of Data & Analytics Solutions, was featured on the panel of industry experts.
T+1: Large Scale Progress Requires Ambitious Solutions
In our latest analytical piece, we unpack the shift to T+1 settlement in the U.S. and Canada and how EquiLend’s ready to support the move with our robust suite of flexible and interoperable solutions.
Securities Finance Times Industry Excellence Awards 2023
We are pleased to announce that EquiLend has been awarded Americas Data Provider of the Year, Global Data Provider of the Year, Post-Trade Technology Provider of the Year and Diversity & Inclusion Initiative in the annual Securities Finance Times Industry Excellence Awards!
DataLend: Securities Lending Revenue Rises to $5.8 Billion in H1 2023, Up 20% Over 2022
The global securities finance industry generated $5.8 billion in revenue for lenders in the first half of 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents a 20% increase from the $4.8 billion generated in H1 of 2022.
The EquiLend Ecosystem: Forming Connections Through Solutions
EquiLend’s Kevin McNulty, Head of RegTech Solutions, sat down with Securities Finance Times to reflect on current challenges faced by market participants and how EquiLend is meeting these concerns with solutions.
SEC Adopts T+1 Settlement Effective May 2024 – Will you be ready for T+1 a year from now?
EquiLend offers a complete T+1 solution designed to connect, automate, simplify and expedite all elements of the trade lifecycle. From trade execution to prematching, recalls, returns and settlement, EquiLend has you covered with increased speed at every touchpoint.
Orbisa Actionable Securities Lending Intelligence: The Hedge Fund Journal Issue 161
EquiLend’s Nancy Allen, Head of Data & Analytics Solutions, discusses Orbisa’s leading securities lending data platform for buy-side market participants while taking a deep dive into the Orbisa dataset
Orbisa on NVIDIA
In our latest analytical piece, Orbisa explores chipmaker Nvidia (NVDA), showing short sellers were active in Nvidia with the quantity of shares on loan increasing over the past year before peaking at 24 million shares in March; however, with Nvidia’s share price riding the tailwinds of the AI boom, borrowing demand for shares has collapsed.
EquiLend and Broadridge Collaborate to Streamline Central Clearing of Securities Finance Transactions
Global securities finance technology firm EquiLend and global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced an agreement to facilitate straight-through processing (STP) to the National Securities Clearance Corporation’s (NSCC) central counterparty (CCP) for equity securities finance transactions.
Monthly Securities Finance Market Review: May 2023
EquiLend’s Head of EquiLend Trading Solutions, Mike Norwood, shares his monthly market review for securities finance amid ongoing global and economic turbulence.
EU Beneficial Owners Roundtable: Global Investor Beneficial Owners Guide 2023
EquiLend was pleased to host Global Investor Group’s EU Beneficial Owners Roundtable at our London office recently. Dimitri Arlando, Head of Data & Analytics Solutions EMEA & APAC, was featured on the panel of industry experts.
ORBISA ON HEXATRONIC
Following the release of their Annual & Sustainability Report in April and a board decision to initiate a share savings program to raise capital in May, Hexatronic experienced significant price volatility resulting in increased borrowing demand.
DataLend: May 2023 Securities Lending Revenue Up 15% YoY to $1.06 Billion
The global securities finance industry generated $1.06 billion in revenue for lenders in May 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents a 15% increase from the $923 million generated in May 2022.
Infographic: Canada Securities Finance 2023
DataLend highlights the latest trends in securities finance for the Canada region.
Securities Lending 101: Understanding Market Metrics
Discover stock utilization & other key securities lending metrics with DataLend’s comprehensive guide, revealing market trends in securities finance & cash markets.
ORBISA ON C3.AI
Orbisa provides robust metrics and intelligence for the buy-side enabling market participants to validate their short positions. Throughout Q1, Orbisa insights show a sustained increase in Utilization and Short Interest for C3.AI following a rise in share price.
Powering Progress in Financial Institutions: Securities Finance Times Technology Annual
EquiLend’s Emily Hollyoake, Head of CRM EMEA, discusses the value chain of EquiLend’s interconnected ecosystem of solutions, with our 1Source initiative sitting at the focal point as the single source of truth for the industry.
Monthly Securities Finance Market Review: April 2023
Mike Norwood, Head of EquiLend Trading Solutions, offers analysis on trading outcomes for securities finance amid a multitude of variables in the ongoing turbulent market conditions.
The impact of more banking turbulence on securities lending
Renewed uncertainty in the banking sector has led to increased price volatility and lending demand in several regional banking securities. Orbisa data adds context to the dynamic situation as it unfolds.
EquiLend 1Source Joins Digital Asset’s Canton ‘Network of Networks’
We are excited to be a part of the Canton Network in partnership with Digital Asset and other participating firms across the industry.
A Deep Dive into EquiLend Competitive Bid
Mike Norwood, Head of EquiLend Trading Solutions, dives into the key functionality, interconnectivity and enhancements on the horizon for EquiLend Competitive Bid, a new hybrid screen and messaging-based NGT workflow built for trading in the hard-to-borrow marketplace.
DataLend: April 2023 Securities Lending Revenue Up 27% YoY to $1.05 Billion
The global securities finance industry generated $1.05 billion in revenue for lenders in April 2023, according to DataLend, the market data service of fintech EquiLend.
ORBISA ON NORDEX SE
In our latest analytical piece, Orbisa insights show spikes in both Utilization and Days to Cover for Nordex in early Q2 following a convertible debt issuance announcement, signaling an increase in borrowing demand, as reflected below in Orbisa data.
Competitive Bid: Leveraging Real-Time Trading Data
Kickstarting in mid-March 2023, NGT, EquiLend’s renowned trading platform, launched an exciting new workflow for clients – Competitive Bid. In an effort to drive greater automation in the specials market, Competitive Bid allows both Lenders and Borrowers to indicate hard-to-borrow flags when they initiate trades.
Corporate Debt Revenue Rises, Alongside Interest Rates & Inflation
In a volatile macroeconomic environment, the fixed income market continued its robust securities lending performance in Q1 2023, generating $666 million in revenue, up 25% YoY. The period continued to be characterized by rising interest rates and inflation, forcing fixed income yields up and presenting an opportunity for directional trading.
Q1 2023 for the Record Books
The Data and Analytics division of EquiLend has observed many revenue-impacting corporate events in recent years; Naspers in 2021 and 3M last year, to name a few.
Analyzing the Impact of the 2023 Banking Crisis on Securities Lending
The collapse of Silicon Valley Bank sent shockwaves throughout both the U.S. and global financial sector. While the 2023 banking crisis will likely not be a watershed of the same magnitude as the collapses of 2008, it was a true test of the system and unsurprisingly had a significant impact on the securities lending market.
Monthly Securities Finance Market Review: March 2023
Mike Norwood, Head of EquiLend Trading Solutions, shares his monthly market review as we close out Q1 2023, a quarter that saw fast-moving markets and record highs in trading volumes amidst rate hikes from the Fed and continued global and economic turbulence.
DataLend: Securities Lending Revenue Up 27% to $2.76 Billion in Q1 2023
The global securities finance industry generated $2.76 billion in revenue for lenders in the first quarter of 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents a 27% increase from the $2.17 billion generated in Q1 2022.
SVB FINANCIAL (SIVB) AND THE IMPACT ON SECURITIES LENDING PART 5
Regional bank stocks rebounded this week as news broke that First Citizens Bank (FCNCB) would acquire the deposits and loans of SVB. In part five of our Silicon Valley Bank analysis, Orbisa continues to track the impact of market movements across several banking securities signaling the momentum is largely mixed.
SVB FINANCIAL (SIVB) AND THE IMPACT ON SECURITIES LENDING PART 4
Part four of our Silicon Valley Bank analysis sees Orbisa tracking the continued impact of the banking turmoil on securities lending. Nearly two weeks after the collapse of SVB, our data analysts are closely monitoring both macro and security level momentum as seen in Orbisa.
SVB FINANCIAL (SIVB) AND THE IMPACT ON SECURITIES LENDING PART 3
Part three of our Silicon Valley Bank analysis sees the impact of the banking crisis widening on securities lending. Our data analysts explore the ripple effect of the crisis and how it continues to spread both domestically and abroad as seen in Orbisa.
SVB FINANCIAL (SIVB) AND THE IMPACT ON SECURITIES LENDING PART 2
In part two of our Silicon Valley Bank analysis, our data analysts take a closer look at the SPDR® S&P® Regional Banking ETF (KRE) while providing insight into the early warning signs in the securities lending market that could have alerted investors sooner as seen in Orbisa.
SVB Financial (SIVB) and the Impact on Securities Lending
With the collapse of Silicon Valley Bank, our data analysts dive into Orbisa data over the last quarter uncovering a long tail story where the current market turbulence in the wake of SVB’s sell-off can be seen plotted out from as early as January 2.
AMC and APE from a Securities Lending Perspective Part 2
In part two of our AMC and APE meme stock analysis, we take an in-depth look at the data behind the market movements from a securities lending perspective as seen in DataLend.
Orbisa ON SVB
Tracking the news from SVB? Observed on Orbisa, SVB Financial Group, the holding company for Silicon Valley Bank, saw a 40% increase in utilization between March 8th and March 10th as its share price fell by 60% over the same time frame. Other regional banks and crypto-related institutions, like Signature Bank, have seen heavy price movements Monday morning, March 13th.
Nancy Allen Awarded Market Data Professional of the Year
We are thrilled to announce that EquiLend’s Nancy Allen, Head of Data & Analytics Solutions, has been awarded Market Data Professional of the Year in the WatersTechnology Women in Technology & Data Awards!
Monthly Securities Finance Market Review: Feb 2023
Mike Norwood, Head of EquiLend Trading Solutions, gives his analysis of a short month of year-on-year gains and active global trading, with MEME stocks back in focus.