Rising interest rates and rampant inflation created massive turbulence in global markets in 2022, the worst year for financial markets since 2008. The three months to the end of December saw the FTSE Mondo Visione Exchanges Index up by 7.1%, but the index fell by 19.1% over the year. The MSCI All World share index lost 19.8 per cent of its value, with the S&P 500 falling 19 per cent and the tech-heavy Nasdaq Composite Index down 33.1 per cent for the year. Aquis Exchange was the best-performing exchange in the fourth quarter, with India's BSE being the worst.
The FTSE Mondo Visione Exchanges Index ended the month at 62,602.31 points, down 2.9% from 64,478.9 on 30 November 2022.
The top 5 exchanges by market capitalisation at the end of December were:
| Exchange | Market Cap (USD bn) |
| CME Group | 60.44 |
| Intercontinental Exchange | 57.27 |
| Hong Kong Exchanges & Clearing | 54.77 |
| London Stock Exchange Group | 43.52 |
| Deutsche Boerse | 31.63 |
FTSE MONDO VISIONE EXCHANGES INDEX AND THE FTSE ALL-WORLD INDEX PERFORMANCE SINCE 17 AUGUST 2001 (USD CAPITAL RETURN)
Herbie Skeete, Managing Director of Mondo Visione and Co-founder of the Index, said:"Trading, clearing and settlement are moving to the cloud. Microsoft and the London Stock Exchange Group partnership was the most recent tie-up. Last year, Alphabet's Google Cloud tied up with CME, while Amazon's Amazon Web Services entered into a similar partnership with Nasdaq. However, with only a handful of global infrastructure providers having the necessary scale, resilience and presence, global exchange groups and infrastructure companies must tread carefully to avoid being caught in regulators' crosshairs."
Hong Kong Exchanges & Clearing was the best performer in December by capital returns in U.S. dollars, with a 10.2 per cent increase in share price from 1 December 2022 to 31 December 2022. The next best performer was S.C. Bursa de Valori Bucuresti S.A. with a 9.9 per cent increase, followed by Dar es Salaam Stock Exchange PLC with a 6.3 per cent increase over the same period.
The FTSE Mondo Visione Exchanges Index's worst performer in December by capital returns in U.S. dollars was the London Stock Exchange Group, with a 12.6 per cent decrease in share price from 1 December 2022 to 31 December 2022. The worst performers at the bottom of the table were Boursa Kuwait Securities, with an 11 per cent decrease, and Aquis Exchange, with a 10.7 per cent decrease over the same period.
The FTSE Mondo Visione Exchanges Index's worst performer in December by capital returns in U.S. dollars was the London Stock Exchange Group, with a 12.6 per cent decrease in share price from 1 December 2022 to 31 December 2022. The worst performers at the bottom of the table were Boursa Kuwait Securities, with an 11 per cent decrease, and Aquis Exchange, with a 10.7 per cent decrease over the same period.
The FTSE Mondo Visione Exchanges Index rose 7.1 per cent in the fourth quarter of 2022, having fallen 10.2 per cent in the third quarter of 2022 and risen 4.9 per cent in the fourth quarter of 2021.
In Q4 2022, the FTSE Mondo Visione Exchanges Index's best performer by capital returns in U.S. dollars was Aquis Exchange, with a 38.8 per cent increase in share price from 1 October to 31 December 2022. The following two best performers were Hong Kong Exchanges & Clearing, with a 25.8 per cent increase and Multi Commodity Exchange of India, with a 25.4 per cent increase.
In Q4 2022, the FTSE Mondo Visione Exchanges Index's worst performer by capital returns in U.S. dollars was India's BSE, with an 11.6 per cent decrease in share price from 1 October to 31 December 2022. The two worst performers at the bottom of the table were the Saudi Tadawul Group, with a 10.2 per cent decrease and Nairobi Securities Exchange, with a 10.1 per cent decrease.
Over the past 12 months, the FTSE Mondo Visione Exchanges Index's best performer by capital returns in U.S. dollars was Saudi Tadawul Group, with a 43.7 per cent increase in share price. The following two best performers were S.C. Bursa de Valori Bucuresti S.A., with a 29.9 per cent increase, and Dar es Salaam Stock Exchange PLC, with a 25.2 per cent increase.
Over the past 12 months, the FTSE Mondo Visione Exchanges Index's worst performer by capital returns in U.S. dollars was Dubai Financial Market, with a 46.8 per cent share price decrease. The following two worst performers at the bottom of the table were Aquis Exchange, with a 46.4 per cent decrease and NZX, with a 37.1 per cent decrease.
1 YEAR CONSTITUENT PERFORMANCE (USD CAPITAL RETURN)
1 YEAR EXCESS CAPITAL RETURNS AGAINST THE FTSE MONDO VISIONE EXCHANGES INDEX (USD CAPITAL RETURN)
1-YEAR PERFORMANCE CHART OF THE FTSE MONDO VISIONE EXCHANGES INDEX (USD CAPITAL RETURN)
Global exchanges will be braced for continued macroeconomic uncertainty in 2023 with inflation, rising interest rates and possible economic slowdown at the forefront.
Click here to download December's performance report, including the quarterly analysis.
Monthly FTSE Mondo Visione Exchanges Index Performance (Capital Return, USD)
|
July 2014 |
3.1% |
|
August 2014 |
2.3% |
|
September 2014 |
-3.6% |
|
October 2014 |
2.8% |
|
November 2014 |
2.5% |
|
December 2014 |
-0.5% |
|
January 2015 |
-1.0% |
|
February 2015 |
8.5% |
|
March 2015 |
0.0% |
|
April 2015 |
10.7% |
|
May 2015 |
0.1% |
|
June 2015 |
-3.2% |
|
July 2015 |
-2.7% |
|
August 2015 |
-5.3% |
|
September 2015 |
-2.1% |
|
October 2015 |
7.6% |
|
November 2015 |
0.4% |
|
December 2015 |
-2.2% |
|
January 2016 |
-4,7% |
|
February 2016 |
-0.7% |
|
March 2016 |
6.7% |
|
April 2016 |
0.4% |
|
May 2016 |
1.8% |
|
June 2016 |
-2.2% |
|
July 2016 |
5.3% |
|
August 2016 |
2.3% |
|
September 2016 |
-1.6% |
|
October 2016 |
-1.6% |
|
November 2016 |
2.1% |
|
December 2016 |
0.1% |
|
January 2017 |
6.0% |
|
February 2017 |
-0.8% |
|
March 2017 |
1.4% |
|
April 2017 |
0.8% |
|
May 2017 |
1.6% |
|
June 2017 |
5.6% |
|
July 2017 |
2.7% |
|
August 2017 |
0.3% |
|
September 2017 |
3.6% |
|
October 2017 |
-0.7% |
|
November 2017 |
6.4% |
|
December 2017 |
-0.7% |
|
January 2018 |
10% |
|
February 2018 |
-0.5% |
|
March 2018 |
-1.6% |
|
April 2018 |
-1.0% |
|
May 2018 |
-1.5% |
|
June 2018 |
-0.8% |
|
July 2018 |
-0.7% |
|
August 2018 |
2.4% |
|
September 2018 |
-1.7% |
|
October 2018 |
1.0% |
|
November 2018 |
3.1% |
|
December 2018 |
-4.2% |
|
January 2019 |
5.4% |
|
February 2019 |
1.7% |
|
March 2019 |
-2.6% |
|
April 2019 |
4.6% |
|
May 2019 |
1.5% |
|
June 2019 |
4.3% |
|
July 2019 |
2.2% |
|
August 2019 |
3.7% |
|
September 2019 |
-0.8% |
|
October 2019 |
2.0% |
|
November 2019 |
-0.5% |
|
December 2019 |
1.6% |
|
January 2020 |
5.0% |
|
February 2020 |
-7.4% |
|
March 2020 |
-11.5% |
|
April 2020 |
8.0% |
|
May 2020 |
6.7% |
|
June 2020 |
2.3% |
|
July 2020 |
6.6% |
|
August 2020 |
4.9% |
|
September 2020 |
-5.2% |
|
October 2020 |
-6.7% |
|
November 2020 |
8.9% |
|
December 2020 |
7.2% |
|
January 2021 |
0.8% |
|
February 2021 |
1.4% |
|
March 2021 |
-2.7% |
|
April 2021 |
3.3% |
|
May 2021 |
2.5% |
|
June 2021 |
0.4% |
|
July 2021 |
0.4% |
|
August 2021 |
0.1% |
|
September 2021 |
-4.2% |
|
October 2021 |
5.9% |
|
November 2021 |
-5.6% |
|
December 2021 |
4.9% |
|
January 2022 |
-2.2% |
|
February 2022 |
-3.5% |
|
March 2022 |
3.5% |
|
April 2022 |
-8.6% |
|
May 2022 |
-5.1% |
|
June 2022 |
-0.7% |
|
July 2022 |
2.4% |
|
August 2022 |
-3.9% |
|
September 2022 |
-8.8% |
|
October 2022 |
-1.1% |
|
November 2022 |
11.5% |
|
December 2022 |
-2.9% |
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 34 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:
- Aquis Exchange
- Australian Securities Exchange Ltd
- B3 SA
- Bolsa de Comercio Santiago
- Bolsa Mexicana de Valores SA
- Boursa Kuwait Securities
- BSE
- Bulgarian Stock Exchange
- Bursa de Valori Bucuresti SA
- Bursa Malaysia
- Cboe Global Markets
- CME Group
- Dar es Salaam Stock Exchange PLC
- Deutsche Bourse
- Dubai Financial Market
- Euronext
- Hellenic Exchanges SA
- Hong Kong Exchanges and Clearing Ltd
- Intercontinental Exchange Inc
- Japan Exchange Group, Inc
- Johannesburg Stock Exchange Ltd
- London Stock Exchange Group
- Multi Commodity Exchange of India
- Nairobi Securities Exchange
- Nasdaq
- New Zealand Exchange Ltd
- Nigerian Exchange Group
- Philippine Stock Exchange
- Saudi Tadawul Group
- Singapore Exchange Ltd
- Tel Aviv Stock Exchange
- TMX Group
- Warsaw Stock Exchange
- Zagreb Stock Exchange
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.
