Listed Exchanges Grow Over 27% Year-on-year

The share values of the world’s listed exchanges experienced year-on-year growth of 27.5%, despite losing 4% in value during October 2009, according to the Mondo Visione Exchanges Index.

Sixteen of the 18 exchanges listed on the index, experienced growth in the past 12 months while only the two US exchanges – NYSE Euronext and Nasdaq OMX Group – lost value, contracting by 14.3% and 44.4% respectively. Brazil’s BM&F Bovespa saw the biggest growth registering a 140.1% increase in share value.

October 2009 alone told a different story however, with only four of the 18 listed exchanges comprising the Index, experiencing growth.

Herbie Skeete, managing director, Mondo Visione and also co-founder of the index, said: “Overall, exchanges seem to be improving despite this month’s fall in value, as they continue to do their utmost to keep costs under control. They are continually battling competition from new entrants to the market, and in doing so are cutting their trading fees in order to hold onto market share. Concurrently, trading volumes have not yet reached the levels seen at their peak in 2008, and may not do so for some time. As such, the competition between exchanges to win each and every trade is tougher than ever right now.”

The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was Hellenic Exchanges with a 13.2% increase in share price from 30 September 2009 to 30 October 2009. The worst performer by capital returns in US dollars was TMX Group with a 19.5% decrease in share price from 30 September 2009 to 30 October 2009.


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