- $870 million in December securities finance revenue
- December revenues declined by 4% year-over-year (yoy)
- ADR & ETP borrow demand remains robust
- Highest monthly corporate bond lending revenue YTD
- Downturn in EMEA & American equity revenue
Global securities finance revenues totaled $870 million in December, a 4% yoy decline. December saw the lowest global equity revenue for this quarter which can be attributed to the dwindling EMEA and Americas equity revenues. The general uptrend in borrow demand for global ETPs and ADRs remained intact in December. In this note, IHS Markit discusses the drivers of December revenue.