Group Co.
Global Exchange Revenues Up 15.5% TO $16.9 Billion in H1 2018
Traders Magazine Online News, October 26, 2018
CME Group and Deutsche Boerse drive global growth on strength in trading, clearing and settlement revenues, Intercontinental Exchange (ICE) remains leading global exchange while CME Group and Deutsche Boerse round out top three, London Stock Exchange Group and Nasdaq saw the strongest revenue gains in Information Services driven by double-digit revenue growth in index businesses
Global exchange revenues increased by 15.5% to $16.9 billion in H118, and are on pace to reach an annual record for 2018, according to a Burton-Taylor International Consulting (a division of TP ICAP’s Data & Analytics group) report published today. Trading, Clearing and Settlement revenues jumped 17.2% in H118 to $10.7 billion, as rising financial market volatility supported sharp increases in global cash and related derivative markets.
Exchange information service revenues (including market data, index and reference data) increased 13.2% in H118, as exchange index business revenues saw rapid growth. Revenues in the listings and issuer services segment increased by 6.8% in H118, with market technology and access revenues rising by 6.6%.
Other key findings include:
- Intercontinental Exchange the largest exchange, held its position with total revenue of $2.47 billion, accounting for 14.6% of total industry revenues in the period.
- CME Group was second with $1.85 billion in revenues, up 17.0% from H117. Deutsche Boerse placed third with $1.35 billion in revenues, an increase of 23.5%. Deutsche Boerse was the largest exchange in the EMEA region accounting for 21.9% of the region’s revenues in 2017, followed by the LSE Group with 16.1% of the total.
- B3 reported the fastest revenue growth in H118, with revenue increasing by 39.3% to $692.0m. Cboe Global Markets reported revenue growth of 33.0% in H118, largely due to its 2017 merger with BATS Global Markets.
- In Asia, Hong Kong Exchanges and Clearing saw a 31.0% increase in revenues in H118 to $1,045.5m, while Japan Stock Exchange reported a 17.1% revenue increase.
“Global exchange revenues are on pace to reach record levels in 2018, as rising market volatility supported sharp growth in exchange trading, clearing and settlement businesses in the first half of 2018. The current trading environment bodes well for these revenues for the remainder of the year, as rising interest rates and geopolitical uncertainty support renewed trading activity.” says Andy Nybo, Director at Burton-Taylor. “Exchanges are also beginning to enjoy success from diversification strategies, as non-transactional revenues are contributing to steady gains.”
Burton-Taylor publishes semi-annual reports covering the global exchange industry, analyzing factors influencing developments across multiple business segments.
For more information on related topics, visit the following channels:
Comments (0)