Securities lending volumes carried late‑2025 momentum into January, fueled by geopolitical tensions, sector rotation, and unprecedented capital flows into Asian markets.

EquiLend’s NGT platform logged 3.5 million trades worth $4.02 trillion, marking 19% year‑over‑year growth in total trades and a 25% rise in daily averages.

Mike Norwood of EquiLend highlighted that “markets navigated geopolitical tensions, sector rotation, and unprecedented capital flows into Asian markets,” underscoring how macro forces shaped activity at the start of the year.