DataLend: 2024 Securities Lending Revenue Down 10% YoY to $9.64 Billion

Lending revenue dips against backdrop of record-high indices

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Lending revenue dips against backdrop of record-high indices NEW YORK , Jan. 2, 2025 /PRNewswire/ -- The global securities finance industry generated $9.64 billion in revenue for lenders in 2024, according to DataLend, the market data service of fintech EquiLend.

The figure represents a 10.3% decrease from the $10.74 billion generated in 2023.



Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, totaled an additional $2.57 billion in revenue for 2024, a 9.9% decrease from 2023.

Equity lending revenues fell 13% globally, with North America revenue declining 15% and EMEA revenue dropping 24%. In North America , the cause for the revenue decline was a 19% decrease in average fees, while in EMEA, fees and balances decreased 16% and 11%, respectively. Equity lending revenues in APAC were largely flat year-over-year.

Global sovereign debt revenue increased by 8% over 2023, with U.S. treasuries making up the lion's share of the gains.

Treasuries were up 16% year-over-year, driven by a 14% growth in balances. In corporate debt lending, global revenue declined by 21% as a regression from a record 2023 continued. Fees were the main culprit, with a steep 29% decrease driving the year-over-year decline in revenue.

The top five earning securities in 2024 were Sirius XM Holdings ( SIRI US ), Lucid Group (LCID US), Beyond Meat Inc. (BYND US), Tempus AI Inc. ( TEM US ) and Trump Media & Technology Group (DJT US).

The five securities in total generated $644 million for lenders over the course of 2024, a significant dip from the $1.11 billion generated by 2023's top five earners. Bloomberg Terminal users can subscribe to EquiLend's exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA or clicking the following link: https://blinks.

bloomberg.com/screens/apps%20orbisa . About DataLend DataLend, the market data service within EquiLend's Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.

6 trillion in on-loan assets for the securities finance market. www.datalend.

com About EquiLend EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. EquiLend has offices in North America , EMEA and Asia-Pacific and is regulated in jurisdictions around the globe. www.

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com/news-releases/datalend-2024-securities-lending-revenue-down-10-yoy-to-9-64-billion-302341400.html SOURCE EquiLend.