EquiLend reports 3% YoY rise in total executed trade counts for November
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EquiLend reports 3% YoY rise in total executed trade counts for November 09 December 2022US Reporter: Carmella Haswell
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EquiLend鈥檚 NGT securities lending trading platform recorded a 3 per cent increase year-over-year with total executed trade counts of 2, 373, 366, generating US$2.27 trillion for November 2022.
This reflects a 4 per cent month-on-month decrease from October 2022 trading levels, for the Next Generation Trading (NGT) platform.
Head of trading solutions Mike Norwood indicates that global financial markets rallied in the face of persistent, elevated inflation and continued global political uncertainty.
Earnings for Q3 2022, he reports, ranged from mixed to slightly negative, though these results were 鈥渂etter than expected鈥�.
Norwood highlights inflation, economic and social unrest, and the impact of central bank decisions as key market themes for the industry going into 2023.
He says: 鈥淲hat will be truly interesting to see, if observations around having reached peak inflation are correct, is the longevity of the volatility control measures which have been introduced. Our January 2023 trading analysis will assess global financial markets in 2022.鈥�
The top five most active sectors for November were industrials (256,640), consumer discretionary (233,880), healthcare (226,424), financials (219,724) and IT (219,316).
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