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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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!
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.
Looking for metrics to validate your short positions? In our latest analytical piece, Orbisa insights shows a drastic increase in Utilization for Cipher Mining (CIFR) at the offset of a reduction in lendable and an increase in borrow quantity in early 2023, with Days to Cover signaling higher trends to come.
The global securities finance industry generated $850 million in revenue for lenders in February 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents a 34% increase from the $634 million generated in February 2022.
EquiLend today announces that it has selected Digital Asset to provide the distributed ledger technology underpinning the EquiLend 1Source initiative.
In our latest insight piece, we unpack how regulation and new innovative solutions leveraging distributed ledger technology are serving as tools to deliver standardization while bringing efficiencies to the marketplace. EquiLend’s 1Source initiative is here to do just that and more, providing a “single source of truth” for the industry by eradicating reconciliation challenges.
EquiLend’s Yuka Hasumi, Head of Sales & CRM Japan, sat down with Securities Finance Times to discuss the details of our 1Source initiative and how it will transform the securities finance industry while reflecting on regulatory developments and the roadmap ahead for 2023 and beyond, seeing continued innovations across our entire ecosystem of solutions.
Mike Norwood, Head of EquiLend Trading Solutions, reflects on securities finance trading activity for January 2023, with the backdrop of interest rate increases from the FED and BOE.
At the recent Beneficial Owners’ International Securities Finance and Collateral Management Conference hosted by IMN, EquiLend’s Gary Klahr, Director of Strategic Initiatives, discussed the ways in which distributed ledger technology can be harnessed to address industry pain points while highlighting the efficiencies EquiLend’s 1Source initiative is bringing to the marketplace.
The global securities finance industry generated $890 million in revenue for lenders in January 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents a 27% increase from the $703 million generated in January 2022.
Orbisa provides premiere market intelligence for the buy-side through 37 curated data metrics. Across the final stretch of 2022, Orbisa insights shows upward trends for Microwave Chem Co in all 3 key metrics, including Utilization and Short Interest Indicator, signaling continued trends throughout January 2023.
DataLend provides best in class securities lending data, covering all asset classes, regions and markets globally. Here we analyze the recent performance of meme stocks AMC and APE as seen in DataLend.
Looking forward, I predict that 2023 will be a year of big things for securities lending. We are working to deliver greater innovation than we have attempted since our inception.
EquiLend, the global financial technology, data and analytics company for the securities finance industry, today announces the firm was awarded the Great Place to Work® Certification in the United States, United Kingdom, India and Ireland.
The Wall Street Technology Association (WSTA®), a not-for-profit organization that provides financial technology and business professionals a forum to learn from and connect with each other, is pleased to announce Ken DeGiglio, Chief Information Officer, EquiLend, as 2023 WSTA President.
With the last chapter of 2022 now written, volatility is beginning to feel like one of the only things investors can count on in an age of seemingly continuous market turbulence.
2022 was a big year for EquiLend’s data offerings. Building on the success of the award-winning DataLend platform, the new Data & Analytics Solutions division was launched to bring together all of EquiLend’s data and analytics services to create unprecedented and unique insights.
The WISF organization marked its 5th anniversary in 2022 by ringing the bell at the New York, Toronto and London Stock Exchanges, a momentous milestone and an important signal for any woman considering a career in the securities finance industry.
Mike Norwood, Head of EquiLend Trading Solutions, reflects on securities finance trading activity across 2022 in this month’s Securities Lending Trading Analysis.
The global securities finance industry generated $9.89 billion in revenue for lenders in 2022, according to DataLend, the market data service of fintech EquiLend. The figure represents a 6.6% increase from the $9.28 billion generated in 2021 and an almost 30% increase from the $7.66 billion generated in 2020.
Looking for metrics to validate your short positions? Orbisa insights shows a simultaneous surge in share price for Manchester United (MANU) alongside utilization levels in the lending markets during late November.
Mike Norwood, Head of EquiLend Trading Solutions, unpicks November’s trading reporting and shapes a picture of trends in the securities finance market in November’s Securities Lending Trading Analysis.
The global securities finance industry generated $811 million in revenue for lenders in November 2022, according to DataLend, the market data service of fintech EquiLend. The figure represents a 3% increase year-over-year from the $787 million generated in November 2021.
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.
Orbisa provides unparalleled market insight for the buy-side through 37 curated data metrics. In our latest analytical report, Orbisa insights displays a surge in borrowing demand for Truecaller, signaling another uptick in November.
EquiLend, the global financial technology, data and analytics company for the securities finance industry, today announces the firm has joined the United Nations Global Compact (UNGC).
EquiLend is committed to the UN Global Compact’s Ten Principles in the areas of human rights, labor, the environment and anti-corruption.
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.