Strong Lending Revenues Hide Uneven Risk Distribution

Laptop with chart on it within stock loan market
Photo by Jason Briscoe / Unsplash

The latest data on income from securities lending operations looks encouraging, but it still masks uneven risk distribution. A relatively small group of companies continues to account for a disproportionately large share of activity, while broad accessibility remains fragmented.

This creates a market where the overall figures indicate strength, but day-to-day activity remains largely dependent on specific stocks rather than overall liquidity.

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