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The FTSE/Mondo Visione Exchanges Index1, which tracks the performance of 19 publicly-listed exchanges and trading platforms, rose 2.2 per cent in April, as exchanges and trading platforms take advantage of the credit and equity markets with traders selling and hedging positions.
The Index, which aims to reflect market sentiment and is a key indicator of exchanges’ performance, closed at 34308.24 on April 30, 2008 up from 33579.60 on March 31, 2008. Year to date, the Index has decreased by 28.7 per cent.
The FTSE/Mondo Visione Exchanges Index best performer by capital returns in US dollars, was Hong Kong Exchanges and Clearing Limited with a 19 per cent increase in the share price from March 31 to April 30, 2008.
The FTSE/Mondo Visione Exchanges Index worst performer by capital returns in US dollars, was UK’s LSE Group PLC with a 11.2 per cent decrease in the share price from March 30 to April 30, 2008.
In April the share price performance of 13 of the 19 listed exchanges and trading platforms on the Index, increased for the first time since December 2007.
Herbie Skeete, Managing Director of Mondo Visione and co-founder of the Index said:
“The rise in the FTSE/Mondo Visione Exchanges Index in April indicates that exchanges are benefiting from the continuing credit crisis. Turmoil in equity and credit markets has benefited exchanges as traders sell and hedge positions. This has led to record volumes being handled by exchanges.”1The FTSE/Mondo Visione Exchanges Index is compiled by FTSE Group from data based on the share price performance of listed exchanges and trading platforms.
FTSE/Mondo Visione Exchanges Index Monthly Analysis - April 2008
