Global Exchange Revenues Up 15.5% To $16.9 Billion In H118; 17.2% Increase In Trading, Clearing & Settlement Revenues Drives Growth According To Latest Burton-Taylor Report

LONDON and NEW YORK, Oct. 23, 2018 /PRNewswire/ -- Global exchange revenues increased by 15.5% to $16.9 billion in H118, and are on pace to reach an annual record for 2018, according to a Burton-Taylor International Consulting (part of TP ICAP's Data & Analytics division) report published today. Trading, Clearing and Settlement revenues jumped 17.2% in H118 to $10.7 billion, as rising financial market volatility supported sharp increases in global cash and related derivative markets.

Exchange information service revenues (including market data, index and reference data) increased 13.2% in H118, as exchange index business revenues saw rapid growth. Revenues in the listings and issuer services segment increased by 6.8% in H118, with market technology and access revenues rising by 6.6%.

Other key findings include:

• Intercontinental Exchange (ICE) the largest exchange, held its position with total revenue of $2.47 billion, accounting for 14.6% of total industry revenues in the period.
• CME Group was second with $1.85 billion in revenues, up 17.0% from H117. Deutsche Boerse placed third with $1.35 billion in revenues, an increase of 23.5%.
• B3 reported the fastest revenue growth in H118, with revenue increasing by 39.3% to $692.0m. Cboe Global Markets reported revenue growth of 33.0% in H118, largely due to its 2017 merger with BATS Global Markets.
• In Asia, Hong Kong Exchanges & Clearing saw a 31.0% increase in revenues in H118 to $1,045.5m, while Japan Stock Exchange reported a 17.1% revenue increase.

"Global exchange revenues are on pace to reach record levels in 2018, as rising market volatility supported sharp growth in exchange trading, clearing and settlement businesses in the first half of 2018. The current trading environment bodes well for these revenues for the remainder of the year, as rising interest rates and geopolitical uncertainty support renewed trading activity," says Andy Nybo, Director at Burton-Taylor. "Exchanges are also beginning to enjoy success from diversification strategies, as non-transactional revenues are contributing to steady gains."

Burton-Taylor publishes semi-annual reports covering the global exchange industry, analyzing factors influencing developments across multiple business segments. Free extracts from the report can be accessed by visiting the Research page with the sample code EXCHMARKET2018H1, or you can purchase the full 41 page Burton-Taylor Exchange Global Share & Segment Sizing 2018 – H1 report by visiting https://burton-taylor.com/exchange-global-share-segment-sizing-2018-h1/ or by contacting [email protected], +1 646 201-4152.

About Burton-Taylor International Consulting (www.burton-taylor.com)
Burton-Taylor International Consulting, part of TP ICAP group, is the recognised leader in information industry market research, strategy and business consulting. Burton-Taylor Exchange, Credit, Risk, Compliance, Media Intelligence, PR and Market Data share figures are seen as industry benchmark standard globally. For further information see www.burton-taylor.com.
About TP ICAP (www.tpicap.com)
TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology. For further information see www.tpicap.com. 

SOURCE Burton-Taylor International Consulting

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