.jpg)
The FTSE/Mondo Visione Exchanges Index, which tracks the performance of 20 publicly-listed exchanges and trading platforms, fell 10.6 per cent in February, amid ongoing sub-prime related market turbulence in the USA, UK and Europe.
The Index, which aims to reflect market sentiment and is a key indicator of exchanges’ performance, closed at 36,036.17 on February 29, 2008 down from 40,310.4 on January 31, 2008. Year to date, the Index has decreased by 25.1 per cent.
The FTSE/Mondo Visione Exchanges Index best performer by capital returns in US dollars, was Brazil’s Bolsa de Mercadorias e Futuros with a 18.8 per cent increase in the share price from January 31 to February 29, 2008.
The FTSE/Mondo Visione Exchanges Index worst performer by capital returns in US dollars, was Greece’s Hellenic Exchanges SA with a 26.0 per cent decrease in the share price from January 31 to February 29, 2008.
Still, the share prices of 15 of the 20 listed exchanges and trading platforms on the Index, dropped in February 2008.
Herbie Skeete, Managing Director of Mondo Visione and co-founder of the Index said:
“In a sharp contrast to January, the top performers in February were the two Brazilian exchanges, the BM&F and Bovespa, whose shares rose on the back of the announcement mid month that the two exchanges were in exclusive talks about a potential merger. A tie-up between the Bovespa and the BM&F would see an integration of trading platforms and the consolidation of clearing and settlement of equity and derivatives trades, which would lead to cost savings and increased profits."
Mark Makepeace, Chief Executive of FTSE Group commented:
“FTSE/Mondo Visione Exchanges Index gives investors and market followers a unique opportunity to analyse the performance of listed exchanges in detail on a daily basis, gaining insight into which stocks are driving performance.”
Click here to download February's report.
