Shares of exchange operators have mostly performed well over pass six months with the FTSE Mondo Visione Exchanges Index up by 25% over six months. The engine for exchanges has been elevated trading levels.
The three months to the end of September saw the FTSE Mondo Visione Exchanges Index up by 6.0%. Multi Commodity Exchange the world’s largest commodity exchange by volume was the best performing exchange in the quarter with CBOE Global markets being the worst performer.
The FTSE Mondo Visione Exchanges Index ended the month down 5.2% at 66,604.18 points, down from 70,221.41 on 31 August 2020.
CME Group ended September as the world’s largest exchange operator by market capitalisation.
The top 5 exchanges by market capitalisation at end July were:
FTSE MONDO VISIONE EXCHANGES INDEX AND THE FTSE ALL-WORLD INDEX PERFORMANCE SINCE 17 AUGUST 2001 (USD CAPITAL RETURN) Herbie Skeete, Managing Director, Mondo Visione and Co-founder of the Index said: "The quarter ending with Euronext in pole position with London Stock Exchange Group for the acquisition of Borsa Italiana, The sale of Borsa Italian is one of the EU Competition Authorities conditions for the LSEG’s merger with Refinitiv. Meanwhile on the other side of the Atlantic, the share prices of US exchanges have been impacted by the state of New Jersey’s proposed financial transaction tax law, and the launch of three new competing stock exchanges, Long-Term Stock Exchange launched on 17 September; Members Exchange launched on 21 September and MIAX PEARL Equities launched on 29 September. U.S. stock exchanges have made known to New Jersey that if the financial transaction tax is implemented, they will relocate their primary data centres, where billions of dollars of trades are executed daily. All of the U.S. stock exchanges have their disaster recovery sites in the same building in Chicago, New Jersey’s loss may be Chicago’s gain. It might also make it harder for HFT traders to exploit latency arbitrage." Nairobi Securities Exchange was the best performer in September by capital returns in US dollars with a 13.1 per cent increase in share price from 31 August 2020 to 30 September 2020. The next two best performers were India’s BSE with a 9.3 per cent increase and the Bolsa Mexicana de Valores SAB de CV with a 7.8 per cent increase over the same period.
The FTSE Mondo Visione Exchanges Index worst performer in September by capital returns in US dollars was Bursa Malaysia with […]