Securities Finance Q2 / H1 2025 Market Activity Review

Join us for an action-packed review of securities lending performance across Q2 and H1 2025, where financial market turbulence created significant opportunities for well-positioned participants. This webinar will combine macro market context with lending-specific insights, revealing how investor behaviour, volatility, and sector rotation translated into lending trends, revenues, and strategic shifts across the financing markets.

Market volatility took centre stage during the second quarter of the year, with the VIX reaching its highest levels since March 2020. This dramatic spike didn’t just unsettle equities—it opened the door for elevated securities lending fees, heightened demand, and increased securities lending activity, particularly in ETFs and ADRs. We’ll explore how participants capitalised on this turbulence and which asset classes saw the strongest returns.

Asian equity markets have been a major growth story in H1, with rising demand from borrowers and a spike in lending utilisation. Of particular interest is the reopening of the South Korean securities lending market—a development with wide-reaching implications for regional and international lenders alike. We’ll assess what’s changed, how market participants are responding, and where the early opportunities lie.

Fixed income also continued to play a key role in lending performance. With yields still elevated and central banks remaining active, both corporate and government bonds delivered solid revenue contributions. Our experts will unpack the drivers behind this trend and share their predictions considering ongoing rate uncertainty.

We’re pleased to welcome our special guest, Justin Aldridge, Senior Vice President and Head of Agency Lending at Fidelity Agency Lending. Justin will share his insights on current market trends, provide an update on the growth of Fidelity’s agency lending business, and offer his perspective on the key themes from the recent International Securities Lending Association (ISLA) Annual Conference in Madrid.

Reserve your spot now and be first to hear the story behind the numbers—and what they signal for the rest of 2025.

Speakers

Justin Aldridge

Senior Vice President, Head of Agency Lending
Fidelity Agency Lending

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Matt Chessum (Moderator)

Director, Securities Finance
S&P Global Market Intelligence

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