歐美性愛 lending revenues outperform in July, says S&P Global Market Intelligence
06 August 2025 Global

Recent data from S&P Global Market Intelligence has revealed a large increase in securities lending revenues which outperformed throughout the month of July.
Market revenues exceeded US$1.577 billion, representing a 53 per cent year-on-year (YoY) jump for the month, primarily driven by a 鈥渉uge rise鈥 in equity revenues seen across regions.
Americas equities produced a 鈥渕ammoth鈥 US$753 million in revenues, representing a 73 per cent YoY rise, while Asian equities posted a 68 per cent increase YoY to US$311 million.
The EMEA region 鈥 which has struggled to gain any growth momentum for the last 12-18 months, according to Matthew Chessum, director of securities finance, ETF, and Benchmarking Services at S&P Global Market Intelligence 鈥 was up 19 per cent YoY with revenues of US$87 million.
鈥湚W美性愛 lending revenues have really picked up steam over the last few months spurred by a massive increase in specials activity across all regions,鈥 says Chessum, 鈥渂ut particularly in the US, a robust trading environment which remains very reactive to market news and geopolitical events and equity markets hitting record highs.鈥
He adds: 鈥淚f this momentum continues throughout the summer, market participants could be looking at a top two or three year in terms of securities lending revenues, going all the way back to 2006.鈥
Exchange traded products (ETPs) were up 86 per cent YoY to US$96 million, and American depositary receipts (ADRs) grew 52 per cent YoY to US$37 million.
Across the fixed income space, average fees and balances continued to grow across government bonds, pushing revenues to US$190 million 鈥 the highest level seen since September 2024, according to S&P Global Market Intelligence data.
In addition, corporate bond revenues hit US$87 million 鈥 the second highest revenue generating month of 2025 so far.
The highest revenue generating assets over the course of the month included Coreweave at US$308.8 million, Guotai Junan International Holdings at US$25.4 million, and Quantum Computing at US$15.6 million.
Market revenues exceeded US$1.577 billion, representing a 53 per cent year-on-year (YoY) jump for the month, primarily driven by a 鈥渉uge rise鈥 in equity revenues seen across regions.
Americas equities produced a 鈥渕ammoth鈥 US$753 million in revenues, representing a 73 per cent YoY rise, while Asian equities posted a 68 per cent increase YoY to US$311 million.
The EMEA region 鈥 which has struggled to gain any growth momentum for the last 12-18 months, according to Matthew Chessum, director of securities finance, ETF, and Benchmarking Services at S&P Global Market Intelligence 鈥 was up 19 per cent YoY with revenues of US$87 million.
鈥湚W美性愛 lending revenues have really picked up steam over the last few months spurred by a massive increase in specials activity across all regions,鈥 says Chessum, 鈥渂ut particularly in the US, a robust trading environment which remains very reactive to market news and geopolitical events and equity markets hitting record highs.鈥
He adds: 鈥淚f this momentum continues throughout the summer, market participants could be looking at a top two or three year in terms of securities lending revenues, going all the way back to 2006.鈥
Exchange traded products (ETPs) were up 86 per cent YoY to US$96 million, and American depositary receipts (ADRs) grew 52 per cent YoY to US$37 million.
Across the fixed income space, average fees and balances continued to grow across government bonds, pushing revenues to US$190 million 鈥 the highest level seen since September 2024, according to S&P Global Market Intelligence data.
In addition, corporate bond revenues hit US$87 million 鈥 the second highest revenue generating month of 2025 so far.
The highest revenue generating assets over the course of the month included Coreweave at US$308.8 million, Guotai Junan International Holdings at US$25.4 million, and Quantum Computing at US$15.6 million.
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