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.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, highlighting December trends and records seen across NGT.
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.
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.
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.
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.
Following its acquisition of Trading Apps, EquiLend advances its mission to eliminate fragmentation and create a unified trade lifecycle for the securities finance industry.
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’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.
We’re back with the latest analysis on the tariffs and IPOs fueling global market growth from Mike Norwood, Head of EquiLend Trading Solutions.
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’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’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’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’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’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’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.
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.
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.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, highlighting trends seen throughout August.
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.
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.
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.
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’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.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance, highlighting trends throughout March alongside recent record highs seen across NGT.
EquiLend’s Mike Norwood, Head of Trading Solutions, shares his monthly market review for securities finance, highlighting trends seen throughout November.
EquiLend’s Mike Norwood, Head of Trading Solutions, shares his monthly market review for securities finance, highlighting trends seen throughout October.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance with some change of pace for September trading after a hot summer for markets.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance with some surprises for August trading.
EquiLend’s Mike Norwood, Head of Trading Solutions, gives his take on trading data and market movements seen throughout the month of July.
EquiLend’s Head of Trading Solutions, Mike Norwood, shares his monthly market review for securities finance.
EquiLend’s Head of EquiLend Trading Solutions, Mike Norwood, shares his monthly market review for securities finance amid ongoing global and economic turbulence.
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.
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.
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.
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.
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.
Mike Norwood, Head of EquiLend Trading Solutions, reflects on securities finance trading activity across 2022 in this month’s Securities Lending Trading Analysis.
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.
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.