The value of the worlds listed exchanges continued to drop in November 2008, but there are grounds for optimism following positive share price rallies in recent days prompted by fresh signs of investment in the industry.
The recent, but ultimately inconclusive merger talks between NYSE Euronext and Deutsche Boerse, are encouraging to see according to Herbie Skeete, Managing Director, Mondo Visione, and amid market volatility, he hopes to see continued investment activity within the sector in 2009.
The FTSE Mondo Visione Exchanges Index, which aims to reflect market sentiment and is the key indicator of exchanges performance, was down 16.8 per cent in November.
Herbie Skeete, Managing Director, Mondo Visione and also Co-founder of the Index adds:
“It’s been a tough year, but there is evidence of investment by exchanges and other operators of trading venues. The latest example of this is ICAP’s planned pan-European dark pool and the now aborted talks by NYSE Euronext and Deutche Borse, showing that there are still prospects for more M&A activity in Europe, USA and Asia.
We look forward to next year with optimism of an upturn in the FTSE/Mondo Visione Exchanges Index in the first quarter of 2009.”
The Index closed at 14786.33 on 28 November 2008, down from 17779.52 on 31 October 2008. Year to date, the Index has decreased by 69.3 per cent.
The FTSE/Mondo Visione Exchanges Index best performer by capital returns in US dollars, was London Stock Exchange with a 3.5 per cent increase in the share price from October 31 to 28 November 2008.
The FTSE/Mondo Visione Exchanges Index worst performer by capital returns in US dollars was the NASDAQ OMX Group, Inc. with a 33.8 per cent decrease in the share price from October 31 to 28 November 2008.
| Monthly FTSE Mondo Visione Exchanges Index Performance (Capital Return, USD/%) | |
| January 2008 | 16.2% decrease |
| February 2008 | 10.6% decrease |
| March 2008 | 6.8% decrease |
| April 2008 | 2.2% increase |
| May 2008 | 5.1% decrease |
| June 2008 | 17.1% decrease |
| July 2008 | 1.6% decrease |
| August 2008 | 9.9% decrease |
| September 2008 | 8.4% decrease |
| October 2008 | 18.9% decrease |
| November 2008 | 16.8% decrease |
The FTSE/Mondo Visione Exchanges Index is compiled by FTSE Group from data based on the share price performance of listed exchanges and trading platforms.
About FTSE/Mondo Visione Exchanges Index
The FTSE/Mondo Visione Exchanges Index, a joint venture between FTSE Group and Mondo Visione, was established in 2000.
It is the first Index in the world to focus on listed exchanges and other trading venues. The FTSE/Mondo Visione Exchanges Index compares performance of individual exchanges and trading platforms and provides a reliable barometer of the health and performance of the exchange sector.
It enables investors to track 17 publicly listed exchanges and trading floors and focuses attention of the market on this important sector.
The FTSE/Mondo Visione Exchanges Index includes all publicly traded stock exchanges and trading floors:- Australian Stock Exchange Ltd
- BM&F Bovespa SA
- Bolsa Mexicana de Valores SA
- Bolsa y Mercado Espanoles
- Bursa Malaysia Berhad
- CME Group Inc
- Deutsche Bourse AG
- Hellenic Exchanges SA
- Hong Kong Exchanges and Clearing Ltd
- Intercontinental Exchange Inc
- Johannesburg Stock Exchange Ltd
- LSE Group Plc
- NASDAQ Stock Market Inc
- New Zealand Exchange Ltd
- NYSE Euronext
- Singapore Exchange Ltd
- TMX Group Inc
About Mondo Visione
Mondo Visione is the leading source of insight and knowledge about the world’s exchanges and trading venues. Since 1991, Mondo Visione has provided those who operate and invest in the global markets with fast, reliable information, delivered in print and online. The company also organises conferences and events where market professionals can share ideas and experience with their peers, regulators, system providers, academics and journalists.
Mondo Visione publishes the industry-standard Handbook of World Stock, Derivative and Commodity Exchanges, which provides trading, settlement and organisational information for around 250 exchanges in over 100 countries. The handbook is produced annually and is available in hardcopy and online.
World Exchanges: Global Industry Outlook and Investment Analysis is a quarterly investment analysis of the listed exchanges sector and 18 of the leading publicly-owned exchanges from around the world.
Mondo Visione also publishes Trading Places, a monthly digest of news and comment about the global exchange industry, and together with FTSE Group owns and publishes the FTSE/Mondo Visione Exchanges Index, which tracks the stock market performance of listed exchanges.
For further information please visit www.mondovisione.com
