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Listed exchanges lost 2.1 per cent in value in June 2009, ending a three month rally from an all-time low in February 2009.
The Mondo Visione Exchanges Index, which aims to reflect market sentiment and is a key indicator of exchanges performance, closed at 21,725.62 on 30 June 2009 with 10 of its 18 listed exchanges having seen a fall in share value.
The overall trend remains positive as year to date; the index has increased by 37.7 per cent.
Herbie Skeete, Managing Director, Mondo Visione and also Co-founder of the Index said:
“The value of listed exchanges has dropped for the first time since February 2009 in another mixed month for the industry. No-one can point to a definitive reason for the fall, and it could simply be a case of the market catching its breath.
“Meanwhile, competition in the industry continues as exchanges and trading platforms strive to provide the cheapest, fastest and best execution. New platforms are beginning to move out of just one asset class to mount challenges to the old order across the board.
"In the derivatives space, new entrant ELX Futures has mounted a challenge to the dominant CME Group.
“The exchanges industry is in a state of relentless, innovative and continuous revolution, where only the fittest survive."
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was the Australian Securities Exchange with a 7.8 per cent increase in share price from 29 May 2009 to 30 June 2009.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Deutsche Boerse with an 11 per cent decrease in share price from 29 May 2009 to 30 June 2009.
