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.
Orbisa dives into Spirit Airlines (SAVE), which saw shares fall again on Tuesday as the budget carrier continued to experience delays and cancellations following the global tech outage.
EquiLend and PASLA present the Asia Pacific Securities Lending Market User Guide 2024.
We are pleased to announce that EquiLend has been awarded Americas Data Provider of the Year, European Data Provider of the Year and Regulatory Solution of the Year in the annual Securities Finance Times Industry Excellence Awards!
As the second quarter ends, EquiLend Data & Analytics looks back on the performance of the securities lending market during an eventful three-month period.
The T+1 settlement cycle, implemented in the US on 28th May 2024 and in Canada on 27th May 2024, has sent ripples through the financial system, and the world of securities lending is no exception.
The first half of 2024 offered a host of trending securities which helped drive volumes and ultimately revenue in the securities finance market.
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, Orbisa takes a deep dive into the electric vehicle sector and the prominent role it has played within the securities lending market over the past few years while exploring recent market movements seen in Tesla, Fisker, Rivian, Lucid Motors, Nikola and more.
We are pleased to announce that EquiLend Spire has received the award for Best Middle-Office Platform in the WatersTechnology Asia Awards 2024!
The global securities finance industry generated $2.53 billion in revenue for lenders in the second quarter of 2024, according to DataLend, the market data service of fintech EquiLend.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, highlighting May trends and some all-time highs seen for fixed income.
Orbisa insights dives into MicroStrategy Incorporated (MSTR), which has seen a steady increase in demand in the securities lending market in recent months, with the total quantity of shares borrowed up 7% and the borrow demand percentage up 6% month over month.
In today’s Securities Finance Times ISLA Daily issue, EquiLend’s Mike Norwood, Head of Trading Solutions, reflects on some of the drivers behind the rise of fixed income lending in the global marketplace while highlighting the explosive 62% growth in fixed income volumes seen across NGT in 2024.
EquiLend, the global technology, data and analytics company for the securities finance industry, today announces its new partnership with the rollout of Onboard+, powered by valid8Me.
EquiLend’s Armeet Sandhu, CEO of Stonewain Systems, an EquiLend Company, dives into our robust EquiLend Spire solution designed to streamline the entire securities finance lifecycle, offering firms a competitive advantage with Securities Finance Times.
Part three of our Orbisa Take Notes on GME dives into the rollercoaster ride for GameStop (GME) which rumbled along as its share price rocketed on Monday.
The global securities finance industry generated $895 million in revenue for lenders in May 2024, according to DataLend, the market data service of fintech EquiLend.
Part two of our Orbisa Take Notes on GME shows that the rally for meme stocks may have ended just as quickly as it began, with shares of GameStop Corporation (GME) falling roughly 46% in the last week.
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.
Orbisa insights observed increased securities lending activity for “Meme Stocks,” principally GameStop Corporation (GME), following a surge in retail trading volumes.
Following our previous Take Notes on DJT, Orbisa takes a deeper dive as the financing rate for DJT in the securities lending market has again risen sharply as the stock’s price rallied from a significant slide in April.
The global securities finance industry generated $846 million in revenue for lenders in April 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 20% decrease from the $1.05 billion generated in April 2023.
EquiLend notes that FINRA has published proposed Rule 6500 Series designed to support reporting of securities loans under SEC Rule 10c-1a.
We previously highlighted the challenges relating to effected vs. settlement, omnibus vs. allocation trades and rules for reporting evergreen trades under the SEC’s 10c-1a final rule. As we inch closer to the May 2 publication date of FINRA’s 10c-1a rule interpretation, we explore 3 additional ambiguities that, without clarification, could hinder a smooth compliance.
Orbisa insights dives into Trump Media & Technology Group (DJT), owners of Truth Social, which has seen volatile activity and significant fees in the lending market following the company’s NASDAQ listing.