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Global securities finance revenues have totalled US$1.215 billion, making July 2022 the highest revenue-generating month of the year, according to S&P Global Market Intelligence.
This represents a 40 per cent YoY rise in securities finance revenues for the month of July, driven by strong demand for equities lending.
Looking month-on-month, securities finance revenues have risen 6 per cent relative to June 2022.
American equity revenues for the month of July skyrocketed, rising 103 per cent YoY to US$605 million.
Global equity revenues increased 44 per cent YoY, and 8 per cent month-on-month, making July the highest revenue-generating month so far for the individual asset class.
S&P Global Market Intelligence also announced that EMEA equities experienced a 12 per cent decrease in fees YoY despite an increase of 54 per cent in utilisation.
Exchange-traded products (19 per cent), government (7 per cent) and corporate bonds (77 per cent) all saw increases in revenues YoY.
American depository receipts (ADRs) continued to experience a decline in revenues YoY, although ADR lending revenues for July were up 40 per cent relative to June.
The top five revenue-generating Americas equities for July 2022 include Gamestop Corp (GME), Beyond Meat Inc (BYND), Lucid Group Inc (LCID), Faraday Future Intelligent Electric Inc (FFIE), and Dutch Bros Inc (BROS).
