According to Nancy Allen, global head of Data and Analytics at EquiLend, the securities lending market generated $2.63 billion, an increase of 12% over the same period in 2021, noted in EquiLend’s 10th edition of their quarterly report, The Purple. The third quarter’s performance brings the YTD revenue for 2022 to $7.45 billion, tracking 8% greater than 2021.
Some specific geographic breakdown of the securities market includes:
- North American equities played a significant role in the increase from prior quarters; corporate and government debt impressed with Q3 revenue gains of 89% and 16%, respectively.
- Equities in EMEA and Asia fell behind compared to Q3 2021 by approximately 20%, with new regulations casting a large shadow over Asia’s Q4 outlook.
With Q3 in our rearview, various asset classes were in play as volatile market conditions continued and recession concerns joined inflation headlines.