Finadium releases new research report: Unlocking the Supply of Fully Paid Assets in Securities Lending

Finadium has released a detailed report on fully paid securities lending programs for US retail investors. Our report covers market sizing, operations, technology and trends for market evolution. Highlights include:

- There are US$71.4 billion in fully paid hard to borrow retail assets held across 11 major US brokerages. This figure is 12% of the supply of US equities outstanding in the securities lending market.

- Fully paid retail programs have proven to be strongly profitable for retail brokerage firms and bring additional marketing and operational benefits to prime brokers.

- New proposed regulations from FINRA and existing guidance from the SEC offer help to brokers with their fully paid programs but do not provide a roadmap for success.

- We expect that brokers will turn to third party service providers to ease start-up and ongoing operational burdens, particularly in demonstrating "best execution."