Securities lending revenues surge 42% for October
05 November 2025 Global
Image: RAZI/stock.adobe.com
Securities lending revenues witnessed a 42 per cent year-on-year (YoY) surge in October, totalling US$1.41 billion across global markets, says S&P Global Market Intelligence data.
Leading this growth was equities, with Americas equities generating US$493 million (up 52 per cent YoY), while Asian equities delivered US$348 million (up 76 per cent YoY).
EMEA equities contributed US$85 million (up 36 per cent YoY) to total revenues.
According to the firm, American Depositary Receipts (ADRs) and exchange traded products showed 鈥渞obust performance鈥� with ADR fees climbing 38 per cent YoY to 1.5 per cent.
Fixed income assets maintained their steady 2025 performance trajectory with expanding balances across both corporate and government bonds, and Infosys ADR emerged as the month's top revenue generator at US$27.9 million.
Commenting on October鈥檚 performance, Matt Chessum, executive director, equity analytic products at S&P Global Market Intelligence, says: 鈥淥ctober鈥檚 exceptional securities lending performance reflects the broader market resilience we've observed across global financial markets despite ongoing trade tensions and political uncertainties.
鈥淭he particularly strong growth in Asian equities and Americas equities demonstrates how securities lending continues to thrive even as markets seek to navigate complex economic conditions, including the Federal Reserve's recent rate cut, the US government shut down and Japan's recent political changes and fiscal challenges across Europe.
鈥淲ith year-to-date revenues currently sitting at US$12.481 billion, 2025 is looking to be a bumper year for market participants.鈥�
Leading this growth was equities, with Americas equities generating US$493 million (up 52 per cent YoY), while Asian equities delivered US$348 million (up 76 per cent YoY).
EMEA equities contributed US$85 million (up 36 per cent YoY) to total revenues.
According to the firm, American Depositary Receipts (ADRs) and exchange traded products showed 鈥渞obust performance鈥� with ADR fees climbing 38 per cent YoY to 1.5 per cent.
Fixed income assets maintained their steady 2025 performance trajectory with expanding balances across both corporate and government bonds, and Infosys ADR emerged as the month's top revenue generator at US$27.9 million.
Commenting on October鈥檚 performance, Matt Chessum, executive director, equity analytic products at S&P Global Market Intelligence, says: 鈥淥ctober鈥檚 exceptional securities lending performance reflects the broader market resilience we've observed across global financial markets despite ongoing trade tensions and political uncertainties.
鈥淭he particularly strong growth in Asian equities and Americas equities demonstrates how securities lending continues to thrive even as markets seek to navigate complex economic conditions, including the Federal Reserve's recent rate cut, the US government shut down and Japan's recent political changes and fiscal challenges across Europe.
鈥淲ith year-to-date revenues currently sitting at US$12.481 billion, 2025 is looking to be a bumper year for market participants.鈥�
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