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Despite increased competition, the eighteen global exchanges in our universe still achieved admirable average net returns of 82.3% year-to-date as of 30 November 2006. This is attributable to the diversification of revenue streams and the impact of cost reduction programmes implemented in prior years. Further, consolidation of exchanges and increased technological deployments has helped exchanges perform more efficiently. Growing trading volumes and an increase in the number of IPOs suggest there is substantial profit upside for the sector. This is confirmed by the rise in the FTSE/MV index of 94.0% over the past year and 300.3% over the past three years.
Click here to download detailed analysis of the performance of the FTSE/MV Exchange Index to end August 2006.
The FTSE/MV Exchanges Index is a joint venture between FTSE Group, the global index group, and Mondo Visione , publisher of the Handbook of World Stock, Derivative and Commodity Exchanges.
It is the first index in the world to focus on listed exchanges and other trading venues. It enables international investors to track individual stocks and the sector as a whole. It helps the management of listed exchanges to compare their performance. And it focuses the attention of the market on this important new sector.
