IHS Markit says global securities finance revenues were up 46% in September 2021, year over year

  • September revenues increased by 46% YoY
  • APAC equity revenue rebound in-tact
  • Most monthly revenue for corporate bond lending YTD
  • ETP & ADR borrow demand remains robust

Global securities finance revenues totaled just over $963m in September, a 46% YoY increase. The comparison with 2020 remained favorable in September, partly owing to a particularly remunerative arbitrage related trade in EMEA. In general, return drivers which were in place for the first two months of Q3 continued to play out in September, including lockup expiries for recent IPOs; some other drivers include increased borrow demand for corporate bonds and related exchange traded products, the uptrend in APAC equity special balances and corporate action event related trades. In this note we’ll discuss the drivers of September revenue, which pushed total Q3 revenues to $2.75b, a 23% YoY increase.

To read the full September blog post, please click HERE

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