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).

Comments are closed.