Extreme specials: great for the winners, bad for the markets (Premium)

IHS Markit has released their Q3 2019 securities finance revenue summary showing “eye popping” returns for selected specials. This drove revenues to $2.6 billion, up 5% from Q3 2018. While great for agent lenders and the beneficial owners holding these individual names, our research shows that this winner-take-all environment is a net negative for the market overall.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..

Related Posts

Previous Post
Institutional crypto weekly roundup
Next Post
Getting from a bigger Fed balance sheet to calm repo markets (Premium)

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account