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FTSE Mondo Visione Exchanges Index experienced quarter-on-quarter fall in share price for 12 out of the 18 publically listed exchanges. The Index*, which aims to reflect market sentiment and is a key indicator of exchanges performance, saw a 4.3 per cent decrease for Q1, 2010 compared to Q4, 2009. Bolsa Mexicana de Valore and NYSE Euronext have experienced strong quarter-on-quarter growth. Bolsa Mexicana de Valore share price has increased 33 per cent in Q1, 2010, compared to Q4, 2009. NSYE Euronext grew by 17 per cent in Q1, 2010, compared to Q4, 2009.
Commenting on the Index which closed at 22,565.15 on 31 March 2010, Herbie Skeete, Managing Director, Mondo Visione and co-founder of the Index said:
"Bolsa Mexican de Valores and NYSE Euronext performance stood out in Q1. NYSE Euronext has experienced a dramatic rebound from its Q4 performance which may be due, in part, to investors assigning a higher value to its derivatives trading unit following reorganisation of the Exchange into three distinct lines of business - equities trading and listing, global derivatives, and technology and data.
“A weak quarter-on-quarter performance for 12 out of the 18 exchanges continues to reflect the current economic conditions.”
Publicly listed exchanges experienced the strongest recovery in March since September 2009. The Index*, which aims to reflect market sentiment and is a key indicator of exchanges performance, saw a 4 per cent increase in March.
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was Nasdaq OMX with a 13.4 per cent increase in share price from 26 February 2010 to 31 March 2010.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Greece's Hellenic Exchanges with a 6.3 per cent decrease in share price from 26 February 2010 to 31 March 2010.
*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.
The March report, attached, also contains quarterly historical data on the index.
