Secondary Trading and Settlement Study: 4Q25

According to LSTA’s Ted Basta, “Annual secondary loan trading activity totaled a record $971 billion, or 18% higher than 2022’s previous record of $824 billion and 2024’s $821 billion. Download the study to learn more.

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  • 4Q2025_LSTA_Secondary_Trade_Settlement_Study.pptx 2 MB

Ted Basta

Executive Vice President of Market Analytics & Investor Strategy

Hugo Pereira

Vice President of Market Analytics & Investor Strategy

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