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Glossary

Specials

Securities that are in high demand and low supply in the securities lending market, often leading to a premium being paid to borrow them.

Specials News

Industry
BrokerTec reports 29% YoY rise in US repo ADNV for May

In the US repo market, May was BrokerTec’s second-best month on record, with ADNV of US$352 billion

Industry
CASLA: The role of data in securities finance has fundamentally changed

Market participants at this year’s 15th Annual Conference on Canadian Securities Lending discussed the role of data and the current performance of the market

Repo
Euroclear Bank joins LCH RepoClear

Euroclear Bank will be active both in the specials and €GCPlus segments of the service as a key cash provider

Industry
BrokerTec reports highest overall volume month on record for April

On 7 April, BrokerTec set a new single-day volume record of US$1.2 trillion in ADNV traded

Industry
BrokerTec reports 23% YoY growth in US repo ADNV for March

Q1 2025 was BrokerTec’s highest overall volume quarter on record, with US$913 billion average daily notional value transacted, up 22 per cent year-on-year

People moves
Saphyre appoints Kinnally

Former managing director of BlackRock and Morgan Stanley, Tom Kinnally joins the firm as senior relationship manager of bank strategy

Repo
BrokerTec reports 8% YoY rise in US repo ADNV for December

The 25bps interest rate cut at the Federal Open Market Committee meeting resulted in increased demand for some specials, according to the firm

Industry
DataLend: Global securities lending revenue falls 12% YoY for August

The market data service of EquiLend says equity trends observed in July largely held true for August, as US equity lending revenue fell 23 per cent YoY