The securities lending market generated US$2.63 billion in Q3 2022, representing a 12 per cent increase from Q3 2021, according to Nancy Allen, global head of data and analytics at EquiLend.
Noted in EquiLend’s 10th edition of their quarterly report, The Purple, the Q3 performance brings the year-to-date revenue for 2022 to US$7.45 billion, an 8 per cent increase from 2021.
North American equities played a significant role in the increase, with revenue from corporate and government debt for Q3 2022 rising YoY by 89 per cent and 16 per cent, respectively.
The report highlighted that the securities lending industry generated US$1.3 billion in revenues in Q3 2022 for North American equities.
Equities lending revenues in EMEA and Asia fell relative to Q3 2021 by approximately 20 per cent, with new regulations casting a large shadow over Asia’s Q4 outlook, according to the report.
