Securities Finance Industry News | Global securities financing revenues jump 40% year-on-year in July

Global securities financing revenues totaled US$1.215 billion, making July 2022 the highest revenue-generating month of the year, according to IHS Markit.

This represents a 40% year-on-year increase in securities finance revenue for the month of July, driven by strong demand for equity lending.

Month over month, securities financing revenue was up 6% from June 2022.

U.S. equity earnings for the month of July soared, rising 103% year-on-year to US$605 million.

Global equity earnings were up 44% year-over-year and 8% month-on-month, making July the strongest month yet for the individual asset class.

IHS Markit also reported that EMEA stocks saw a 12% year-on-year drop in fees despite a 54% increase in usage.

Exchange-traded products (19%), government bonds (7%) and corporate bonds (77%) all saw year-over-year revenue growth.

American Certificates of Deposit (ADR) continued to experience a year-over-year decline in revenue, although ADR lending revenue for July was up 40% from June.

The top five U.S. revenue-generating stocks for July 2022 include Gamestop Corp (GME), Beyond Meat Inc (BYND), Lucid Group Inc (LCID), Faraday Future Intelligent Electric Inc (FFIE) and Dutch Bros Inc (BROS).