european exchange report 2010 - ljubljanska borza · 2011-10-04 · email...

EUROPEAN EXCHANGE REPORT 2010

Published in September 2011

Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

FESE EUROPEAN EXCHANGE REPORT 2010 of 29

Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.

FOREWORD BY FESE PRESIDENT The European Exchange Report represents a valuable source of integrated information on Europe’s exchange industry and is compiled by the Federation of European Securities Exchanges (FESE). FESE represents the operators of European Regulated Markets, which have a distinct market structure that offers transparent price discovery, the ability to trade at or near to those prices and liquidity for assets admitted to trading on their markets. The European Exchange Report includes key figures of each operator of Regulated Markets which are summarised on a one page statement allowing for easy and transparent comparison of their key financial figures. In particular, the report contains the following detailed information: 1. Company information – Contacts, products covered, employees, etc. 2. Trading statistics – The best source of comparable securities trading statistics across Europe in line with the FESE Statistics methodology as published on the FESE website http://fese.eu/en/?inc=art&id=51 3. Financial figures – Detailed information on earnings, revenues and costs including analysis breakdown of the service offered. As in previous years, this information was compiled on the basis of data gathered by the FESE’s Economics and Statistics Committee in cooperation with the financial departments of every member. The FESE Secretariat would like to thank all those that contributed to this study and especially the members of the FESE’s Economics and Statistics Committee. We hope that you will find this information useful.

Hans‐Ole Jochumsen President of the Federation of European Securities Exchanges



TABLE OF CONTENTS

Contents ATHENS EXCHANGE .................................................................................................................................. 4 BOLSAS Y MERCADOS ESPAÑOLES (BME) ............................................................................................ 5 BÖRSE BERLIN AG ..................................................................................................................................... 6 BÖRSE STUTTGART ................................................................................................................................... 7 BRATISLAVA STOCK EXCHANGE ............................................................................................................. 8 BUCHAREST STOCK EXCHANGE ............................................................................................................. 9 BUDAPEST STOCK EXCHANGE .............................................................................................................. 10 BULGARIAN STOCK EXCHANGE – SOFIA .............................................................................................. 11 CYPRUS STOCK EXCHANGE .................................................................................................................. 12 DEUTSCHE BÖRSE GROUP .................................................................................................................... 13 ICE FUTURES EUROPE............................................................................................................................ 14 THE IRISH STOCK EXCHANGE ............................................................................................................... 15 ISTANBUL STOCK EXCHANGE ............................................................................................................... 16 LJUBLJANA STOCK EXCHANGE ............................................................................................................. 17 LONDON METAL EXCHANGE .................................................................................................................. 18 LUXEMBOURG STOCK EXCHANGE ....................................................................................................... 19 MALTA STOCK EXCHANGE ..................................................................................................................... 20 NASDAQ OMX Group Inc. ......................................................................................................................... 21 NYSE EURONEXT ..................................................................................................................................... 22 OSLO BØRS ............................................................................................................................................... 23 PRAGUE STOCK EXCHANGE .................................................................................................................. 24 SIX GROUP ................................................................................................................................................ 25 SIX SWISS EXCHANGE ............................................................................................................................ 25 WARSAW STOCK EXCHANGE ................................................................................................................ 26 WIENER BÖRSE ........................................................................................................................................ 27 NOTES ON METHODOLOGY ................................................................................................................... 28 CONTACT ................................................................................................................................................ 29



ATHENS EXCHANGE

Name Athens Exchange Type of Company Joint-stock companyFor profit

Address 110 Athens Ave, Athens 104 42 Listed On Athens Exchange (Hellenic Exchanges S.A)Phone +30 210 3366 800 Sectors Cash EU regulated marketsFax +30 210 3366 101 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.athex.gr Retail bond markets

Clearing houses / CCP services providersYear established 1876 Central Securities Depositories / Settlement companiesYear of current legal status 2000 IT infrastructure and software providersCountry of Incorporation GreeceActive in Greece Number of employees 265 (end of the year)

Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB

Turnover (EUR m) 32,564 2,190 0 - - 53 1 39 2Trades 7,876,553 2,625 88 - - 2,537 3 23,874 7Market Cap. (EUR m)Listed companies

Electronic Order Off Bond Book Trades EOB Options & Futures Commodities

Turnover (EUR m) 16 0 Notional Turnover (EUR m) - -Trades 1,455 0 Contracts Traded - -Listings

Revenues 62,135Costs 27,478EBITDA 37,105EBIT 34,657Net Income 39,104

FootnotesFinancial figures are under IAS financial accounting protocolOn Revenue breakdown, other revenues include, Auxiliary Fund management revenues, OTC revenues, Xnet/DAC project subsidy revenues and Tax rebates On Cost breakdown, other cost include capital market commission fee

NotesFigures mentioned include subsidiaries.

Financial figures 2010

Sec. Derivatives UCITsETFs

Bonds

EUR '000Main financial results 2010

101

-3

Trading figures 2010Equity

50,379280

Shares

--

8,382,50418,291

5117

Options and FuturesStock/Index

Derivatives

118

161

115

8062

37 45 35 30 27

84

119

83

5337

020406080

100120140160180

2006 2007 2008 2009 2010

EUR

mill

ions

Revenues, Costs and EBITDA2006 - 2010

Revenues Costs EBITDA

46%

6%

29%

9%

10%

Cost Breakdown 2010

Personnel

ICT

Other operating

Depreciation and amortisation

Other costs

21%

37%3%

14%

10%

1%7%

4% 3%

Revenue Breakdown 2010

Listing (admission + ongoing)Cash Trading

Derivatives Trading

Clearing / CCP

Settlement

Custody & Banking

Info products & services

ICT services

Other (advert., educat., properties)



BOLSAS Y MERCADOS ESPAÑOLES (BME)

Name Bolsas y Mercados Españoles (BME) Type of Company Joint-stock companyFor profit

Address Plaza de la Lealtad 1, 28014 Madrid Listed On BME Spanish ExchangesPhone +34 91 709 50 00 Sectors Cash EU regulated marketFax +34 91 709 57 09 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.bolsasymercados.es Retail bond markets / Wholesale bond markets

Clearing houses / CCP services providersYear established 1831 Central Securities Depositories / SettlementYear of current legal status 2006 IT infrastructure and software providersCountry of Incorporation Spain Market data / Consulting ServicesActive in Spain Number of employees 711 (average)

Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB

Turnover (EUR m) 1,031,319 219,108 - 1,603 n/a 5,968 n/a n/a n/aTrades 40,402,055 198,476 - n/a n/a n/a n/a n/a n/aMarket Cap. (EUR m)Listed companies

Electronic Order Off Bond Book Trades EOB Options & FuturesCommodities

Turnover (EUR m) 237,550 8,122,455 Notional Turnover (EUR m) - -Trades 18,162 954,200 Contracts Traded - -Listings


FootnotesFinancial figures are under International Accounting StandardsOn Revenue breakdown, other revenues include corporate unit revenues, capitalization of development costs & consolidation adjustments between segments



4,240

Derivatives


Bonds

-65

Stock/Index

70,224,162

Options and Futures

26,9223,152

772,494

3,345 3,375-


Sec. Derivatives UCITsETFsShares

873,329

288

383353

317 326

96 98 103 107 103

191

285250

210 223

050

100150200250300350400450

2006 2007 2008 2009 2010

EUR

mill

ions



58%

35%

7%

Cost Breakdown 2010

Personnel

Other operating (*)


7%

43%

2%8%

23%

9%

4% 4%

Revenue Breakdown 2010Listing (admission + ongoing)

Cash Trading-Equity

Cash Trading-Fixed Income (**)

Derivatives Trading & Clearing

Settlement (*)


ICT services

Other (advert., educat., properties)(***)



BÖRSE BERLIN AG

Name Börse Berlin AG Type of Company Joint-stock companyFor profit

Address Fasanenstraße 85; 10623 Berlin Listed NoPhone +49 (0)30 31 10 91 0 Sectors Cash EU regulated marketsFax +49 (0) 30311091 78 Wholesale bond marketsEmail [email protected] Fund tradingWebsite www.boerse-berlin.de

Year established 1685Year of current legal status 2000Country of Incorporation Germany Number of employees 14 (end of year)Active in Germany


Turnover (EUR m) - - - - - - - - -Trades - - - - - - - - -Market Cap. (EUR m)Listed companies


Turnover (EUR m) - - Notional Turnover (EUR m) - -Trades - - Contracts Traded - -Listings

Revenues 3,605Costs 4,521EBITDA 662EBIT 566Net Income -3,041

FootnoteFinancial figures are under Handelsgesetzbuch (HGB) financial accounting protocol



-

Options and Futures


Trading figures 2010

- -

DerivativesStock/Index

---

EquityShares Sec. Derivatives UCITsETFs

Bonds

--

-

-

-

4.6 3.8 3.0 3.3 3.64.4 5.1

9.45.6 4.5

-0.1 -1.5

-6.6

-1.30.7

-10

-5

0

5

10

15

2006 2007 2008 2009 2010EUR

mill

ion



43%

4%2%

51%

Cost Breakdown 2010

Personnel

ICT


Other costs

27%

50%

6%

17%

Revenue Breakdown 2010 (Xontro)

Listing (admission + ongoing)

Cash Trading





BÖRSE STUTTGART

Name Boerse Stuttgart Holding GmbH Type of Company Corporation (Association)For profit

Address Börsenstraße 4, 70174 Stuttgart ListedPhone +49 (0)711 222 985 0 Sectors Cash EU regulated marketFax +49 (0)711 222 985 555Email [email protected] www.boerse-stuttgart.de

Year established 1861Year of current legal status 2007Country of Incorporation Germany Number of employees 271 (end of year)Active in Germany, Sweden


Turnover (EUR m) 10,401 - - 50,027 - 5,742 - 1,047 -Trades 805,843 - - 3,713,858 - 123,669 - 73,661 -Market Cap. (EUR m)Listed companies

Electronic Order Off Bond Book Trades EOB Options & FuturCommodities

Turnover (EUR m) 26,887 - Notional Turnover (EUR m) - -Trades 407,229 - Contracts Traded - -Listings


FootnoteFinancial figures refer to the consolidated annual statement of the Boerse Stuttgart HoldingFinancial figures are under German HGB financial acconting standards


-


n/a

944




Bonds

Equity

-Options and Futures

Shares

--


-520,883

n/a1,941

-

188

131 129151

116 120

3819 13

0

50

100

150

200

2008 2009 2010

EUR

mill

ions



22%

10%

31%

4%

33%

Cost Breakdown 2010

Personnel

ICT 4) - exchange

Other operating


Other costs (incl. interests and other fin. expenses)

81%

1%

9%

4%2% 3%


Cash Trading

Clearing / CCP

Custody & Banking (financial revs.)


ICT services 4)




BRATISLAVA STOCK EXCHANGE

Name Bratislava Stock Exchange Type of Company Joint-stock companyFor profit

Address P.O.Box 151 Vysoká 17 814 99 Bratislava 1 Listed NoPhone +421 2 49 236 111 Sectors Cash EU regulated marketsFax +421 2 49 236 128 Wholesale bond marketsEmail [email protected] Clearing houses Website www.bsse.sk Central Securities Depositories / Settlement

companiesYear established 1991Year of current legal status 1991Country of Incorporation Slovakia Number of employees 26 (end of year)Active in Slovakia


Turnover (EUR m) 22 209 0 - - - - 0 0Trades 6,276 469 0 - - - - 0 0Market Cap. (EUR m)Listed companies

Electronic Order Off Bond Book Trades EOB Options & FutureCommodities

Turnover (EUR m) 55 6,509 Notional Turnover (EUR m) - -Trades 348 1,234 Contracts Traded - -Listings

Revenues 1,424Costs 1,513EBITDA 5EBIT -100Net Income -89

FootnoteFinancial figures are under the following financial accounting protocols:2006: SAS2007-2010: IFRS

Financial figures refer to the exchange and not to the parent company owning the exchangeNotesFigures mentioned not include subsidiaries.




--

0

Equity

--


Derivatives

0--


132

Shares

3,380165

Bonds

1.5 1.5 1.6 1.61.41.4 1.4 1.5 1.6 1.5

0.3 0.3 0.30.2

0.00.00.20.40.60.81.01.21.41.61.8

2006 2007 2008 2009 2010

EUR

mill

ions



54%

4%

34%

7% 1%

Cost Breakdown 2010

Personnel

ICT

Other operating


Other costs

29%

32%

3%

36%



Cash Trading

Custody & Banking




BUCHAREST STOCK EXCHANGE

Name Bucharest Stock Exchange Type of Company Joint-stock companyFor profit

Address Bd.Carol I, 34-36, etaj 14,020922, Bucuresti Listed On Bucharest Stock ExchangePhone (+40)(21) 307 95 00 Sectors Cash EU regulated marketsFax (+40)(21) 307 95 19 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.bvb.ro Clearing houses / CCP services providers

Central Securities Depositories / Companies managingYear established 1995 settlementYear of current legal status 2005Country of Incorporation Romania Number of employees 60 (end of year)Active in Romania


Turnover (EUR m) 542 162 - - - - - 598 12Trades 515,800 140 - - - - - 373,162 23Market Cap. (EUR m)Listed companies


Turnover (EUR m) 150 413 Notional Turnover (EUR m) - -Trades 350 190 Contracts Traded - -Listings

Revenues 3,101Costs 3,066EBITDA 238EBIT 71Net Income 1,356

FootnoteFinancial figures are under IV-th EEC Directive for financial accounting


9,77669

Equity

-10

--

714




27

-

Options and Futures

Shares


55

DerivativesBonds

25,099

Stock/Index

9

16

8

3 346

4 3 3

02468

1012141618

2006 2007 2008 2009 2010

EUR

mill

ions

Revenues and Costs2006 - 2010

Revenues Costs

49%

6%

33%

5%7%

Cost Breakdown 2010

Personnel

ICT (Materials & Services)

Other operating


Other costs (financial)

5%

52%

7%

2%

34%



Cash Trading


ICT services

Other (financial&members' fees)



BUDAPEST STOCK EXCHANGE

Name Budapest Stock Exchange Type of Company Joint-stock companyFor profit

Address H - 1063 Budapest, Andrássy, út 93. Listed Traded OTC regularlyPhone +36 1 429 6857 Sectors Cash EU regulated marketFax +36 1429 6899 Derivatives marketsEmail [email protected] Wholesale bond marketsWebsite www.bse.hu IT infrastructure and software providers

Year established 1990Year of current legal status 2002Country of Incorporation Hungary Number of employees 60 (end of year)Active in Hungary


Turnover (EUR m) 19,925 77 3 205 - 2 - 35 0.3Trades 2,612,330 135 7 166,301 - 569 - 8,647 2Market Cap. (EUR m)Listed companies

Electronic Order Off Bond Book Trades EOB Options & Future Commodities

Turnover (EUR m) 805 30 Notional Turnover (EUR m) - 126Trades 1,630 12 Contracts Traded - 6,854Listings


FootnoteFinancial figures are under GAAP financial accounting protocolFinancial figures refer to the exchange and not to the parent company owning the exchangeNotesFigures mentioned include subsidiaries.

-48

-

Derivatives

Shares

1,08920,62452 1

Trading figures 2010Sec. Derivatives UCITsETFs

Equity


107


85

Options and Futures

4,668,5977,524

Stock/Index Bonds

1416

1311 12

7 8 7 7 778

6 6 7

02468

1012141618

2006 2007 2008 2009 2010

EUR

mill

ions



48%

27%

4%

3%

18%

Cost Breakdown 2010

Personnel

Material

ICT


Other costs

18%

51%

5%

3%

21%

2%



Cash Trading

Derivatives Trading

Index Licence


ICT services


0.2%



BULGARIAN STOCK EXCHANGE – SOFIA

Name Bulgarian Stock Exchange - Sofia Type of Company Joint-stock companyFor profit

Address 10 Tri ushi St., 1303 Sofia Listed Traded OTC regularlyPhone +359(0)2 937 09 34 Sectors Cash EU regulated marketsFax +359(0)2 937 09 46Email [email protected] http://www.bse-sofia.bg/

Year established 1991Year of current legal status 1991Country of Incorporation Bulgaria Number of employees 34 (end of year)Active in Bulgaria


Turnover (EUR m) 281 0 116 - - - - 1 1Trades 103,180 0 2,424 - - - - 79 29Market Cap. (EUR m)Listed companies


Turnover (EUR m) 60 4 Notional Turnover (EUR m) - -Trades 672 29 Contracts Traded - -Listings

Revenues 1,103Costs 1,386EBITDA 49EBIT -147Net Income -145

FootnotesFinancial figures are under IFRS financial accounting protocolOn Revenue breakdown, other revenues include membership fees and financial sanctions imposed on Exchange members


Shares

5,498390

Equity

60n/a


70

-

DerivativesBonds

-





--

- -

2.5

4.9

2.4

1.3 1.11.5

2.1 2.31.5 1.41.1

3.1

0.5 0.2 0.00123456

2006 2007 2008 2009 2010

EUR

Mill

ion


Revenues Costs EBIDTA

43%

1%

41%

14%

1%

Cost Breakdown 2010

Personnel

ICT

Other operating

Depreciation and amortisationOther costs

26%

37%

21%

4%

12%


Listing (admission + ongoing)Cash Trading


ICT services




CYPRUS STOCK EXCHANGE

Name Cyprus Stock Exchange Type of Company Public sector (State) entityAddress 71-73 Lordou Vironos Avenue, 1096, Not for profit

Nicosia 1309 Listed NoPhone +357 22 712300 Sectors Regulated MarketFax +357 22 570308Email [email protected] www.cse.com.cy

Year established 1993Year of current legal status 1996Country of Incorporation Cyprus Number of employees 83 (end of year)Active in Cyprus


Turnover (EUR m) 554 285 0 - - - - 8 0Trades 201,817 48 1 - - - - 7,100 0Market Cap. (EUR m)Listed companies



Revenues 5,305Costs 5,647EBITDA -687EBIT -1,153Net Income -342

FootnotesFinancial figures are under IFRS financial accounting protocolFinancial figures refer to the exchange and not to the parent company owning the exchangeFootnote on Revenue, Costs and EBITDA chartRevenue figures include interest income


Shares

5,094110

Derivatives

12

Stock/Index

--

Options and Futures--


58




Bonds

Equity

--

108

8.2

12.0

6.8 6.45.3

8.3

5.3 6.2 5.8 5.6

-0.4

6.0

0.0

0

0-202468

101214

2006 2007 2008 2009 2010

EUR

mill

ions



63%

28%

8% 1%

Cost Breakdown 2010

Personnel

ICT & Other Operating


Other costs

32%

39%

2%

5%

22%


Listing (admission + ongoing+central depository)

Cash Trading&clearing and settlement


ICT services

Other (advert., educat., properties,penalties,interest)



DEUTSCHE BÖRSE GROUP

Name Deutsche Börse AG Type of Company Joint-stock companyFor profit

Address Neue Börsenstr. 1 60487 Frankfurt/Main Listed On Deutsche BörsePhone +49 (0) 69 2 11 0 Sectors Cash EU regulated marketFax +49 (0) 69 2 11 1 10 21 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.deutsche-boerse.com Retail bond market; Wholesale bond markets

Clearing houses / CCP services providersYear established 1585 Central Securities Depositories / Settlement companiesYear of current legal status 1991 IT infrastructure and software providersCountry of Incorporation Germany Info. Services, ICSD, Repo Market, Services for Markets managed Austria, Bulgaria, Finland, Germany, Ireland, investment fund industry(directly or indirectly) Switzerland & USA Number of employees 3,490 (end of year)


Turnover (EUR m) 1,236,940 188,818 318,178 23,355 36,980 156,712 14,344 1,696 6,494Trades 99,900,496 15,646,501 1,678,165 2,604,045 2,664,316 1,761,532 263,426 199,176 175,250Market Cap. (EUR m)Listed companies


Turnover (EUR m) 18,403 64,966 Notional Turnover (EUR m) 69,676,622 -Trades 275,853 1,231,680 Contracts Traded 574,810,256 -Listings

Revenues 2,225,900Costs 1,147,100EBITDA 1,221,200EBIT 1,091,000Net Income 721,500

FootnoteFinancial figures are under IFRS financial accounting protocolDerivatives traded at Eurex, jointly operated by Deutsche Börse and SIX Swiss Exchange. Total statistics shown in both exchanges.NotesFigures mentioned include subsidiaries.


24,839


28,527,0411,316,165,584

Bonds

-618,362


UCITsETFs

Derivatives

Shares

1,065,713765


-2,833

-760

EquitySec. Derivatives

2,113

2,665 2,787 2,323 2,226

1,092 1,324 1,284 1,264

1,147 1,160

1,472 1,646

1,207 1,221

0500

10001500200025003000

2006 2007 2008 2009 2010

EUR

mill

ions



35%

35%

11%

19%

Cost Breakdown 2010

Personnel

Other operating


Volume related costs

7%

39%

2%5%

29%

10%

8%


Cash Trading

Derivatives Trading

Clearing / CCP

Settlement

Custody & Banking





ICE FUTURES EUROPE

Name ICE Futures Europe Type of Company For profitListed Listed on a regulated market managed by other entities

Address Milton Gate, 60 Chiswell Street, London EC1Y4SA (IntercontinentalExchange Inc on NYSE)Phone +44 (0)20 7065 7700 Sectors Futures & Options Energy ExchangeFax +44 (0)20 7638 4964Email [email protected] www.theice.com

Year established 1980Year of current legal status 2005Country of Incorporation England & Wales Number of employees 72 (end of year)Active in United Kingdom




Turnover (EUR m) - - Notional Turnover (EUR m) - 12,436,345Trades - - Contracts Traded - 217,191,797Listings


FootnotesFinancial figures are under UK GAAP financial accounting protocolMain financial results are based on UK Filed statutory accounts (functional currency changed from GBP to USD on 30 June 2006) converted at correspondent exchange rates.On Revenue Breakdown:

*Fees levied on clearing members for transacting on the exchange have been included in derivatives tradingNotesFigures mentioned include subsidiaries.

Bonds


-

Options & Futures


-

UCITsETFs

--

-



-

Shares

- --

--

Sec. Derivatives

99

132 131150

171

42 36 35 42 4463

110 105132 138

020406080

100120140160180

2006 2007 2008 2009 2010

EUR

mill

ions


Revenues Costs EBIDTA

15%

82%

3%

Cost Breakdown 2010

Personnel

Other operating


100%


Derivatives Trading*



THE IRISH STOCK EXCHANGE

Name The Irish Stock Exchange Type of Company Mutual company (co-operative principle)For profit

Address 28 Anglesea Street Dublin 2 Listed NoPhone +353 (1) 617 4200 Sectors Cash EU regulated marketFax +353 (1) 677 6045 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Listing of Equity, Debt and Investment FundsWebsite www.ise.ie

Year established 1793Year of current legal status 1995Country of Incorporation Ireland Number of employees 87 (end of year)Active in Ireland


Turnover (EUR m) 6,752 16,018 - - - 12 23 - -Trades 899,791 157,728 - - - 778 112 - -Market Cap. (EUR m)Listed companies

Electronic Order Off Bond Book Trades EOB Options & FutureCommodities

Turnover (EUR m) - 115,681 Notional Turnover (EUR m) - -Trades - 58,271 Contracts Traded - -Listings

Revenues 20,484Costs 14,844EBITDA -EBIT 5,479Net Income 4,485

FootnotesFinancial figures are under IFRS financial accounting protocolNotesFigures mentioned include subsidiaries.

Bonds

--

Derivatives

-


-



Sec. Derivatives UCITsETFsShares

-22,480

14

Equity

44,99959

Stock/Index

-

Options and Futures

-

26 30

24 20 20

1520

17 16 15

21

0

15

65

05

101520253035

2006 2007 2008 2009 2010

EUR

mill

ions

Revenues, Costs and EBIT2006 - 2010

Revenues Costs EBIT

54%

22%

18%

6%

Cost Breakdown 2010

Personnel

ICT

Other operating


69%

7%

18%

6%

Revenues Breakdown 2010


Cash Trading





ISTANBUL STOCK EXCHANGE

Name Istanbul Stock Exchange Type of Company Public sector (State) entityNot for profit

Address Reşitpaşa Mah. Tuncay Artun Cd. Emirgan 34467 – İSTANBUL Listed Not listedPhone +90 (0 212) 298 21 00 Sectors Cash EU not regulated (exchange regulated) marketsFax +90 (0 212) 298 25 00 Wholesale bond marketsEmail [email protected] Retail bond marketsWebsite www.ise.org Clearing houses / CCP services providers

Central Securities Depositories Year established 1985 Companies managing settlementYear of current legal status 1985Country of Incorporation TurkeyActive in Turkey Number of employees 489 (end of the year)


Turnover (EUR m) 313,570 308 5 275 - 7,086 - 3,244 3Trades 81,133,552 16 335,173 158,487 - 207,504 - 4,876,719 2Market Cap. (EUR m)Listed companies


Turnover (EUR m) 1,738,475 354,904 Notional Turnover (EUR m) - -Trades 1,157,355 - Contracts Traded - -Listings


FootnotesFinancial figures are under GAAP financial accounting protocol

NotesFigures mentioned do not include subsidiaries.


434

-12

229,824264

Shares

-14



Bonds


--

27431


Derivatives

Equity

105 98 97119

103

67 59

87

6280

39 40

12

61

27

020406080

100120140

2006 2007 2008 2009 2010

EUR

Mill

ions



58%

23%

3%

16%

Cost Breakdown 2010

Personnel

Other operating


Other costs

14%

47%7%

4%

28%



Cash Trading


ICT services




LJUBLJANA STOCK EXCHANGE

Name Ljubljana Stock Exchange Type of Company Joint-stock companyFor profit

Address Slovenska 56 1000 Ljubljana Listed Traded OTCPhone + 386 1 471 0211 Sectors Cash EU regulated marketFax + 386 1 471 0213 Retail bond marketsEmail [email protected] IT infrastructure and software providersWebsite www.ljse.si

Year established 1989Year of current legal status 1989Country of Incorporation Slovenia Number of employees 21 (end of year)Active in Slovenia

Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order ReportingBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades Trades

Turnover (EUR m) 361 - 96 - - 0 - 23 9Trades 101,912 - 218 - - 54 - 17,295 14Market Cap. (EUR m)Listed companies


Turnover (EUR m) 109 - Notional Turnover (EUR m) - -Trades 3,783 - Contracts Traded - -Listings

Revenues 2,118Costs 2,038EBITDA 288EBIT 80Net Income 117

FootnotesFinancial figures are under Slovenian Accounting Standards (SAS) protocol




Sec. Derivatives UCITsETFsEquity

-262

5

Options and Futures-


80

Bonds

-

Shares

7,02872

Stock/Index Derivatives

31

-

3.6

4.7

3.1

2.2 2.12.8 2.9 2.7 2.5

2.0

0.9

2.1

0.5

-0.1

0.3

-1

0

1

2

3

4

5

2006 2007 2008 2009 2010

EUR

mill

ions



48%

41%

1%10%

Cost Breakdown 2010

Personnel

ICT

Other operating


23%

28%

24%

19%

6%



Cash Trading


ICT services




LONDON METAL EXCHANGE

Name London Metal Exchange Type of Company Joint stock companyFor profit with explicit profit-cap

Address 56 Leadenhall Street, London, EC3A 2DX, UKPhone +44 (0)20 7264 5555 Listed No listedFax +44 (0)20 7680 0505 Sectors Derivatives marketsEmailWebsite www.lme.com

Year established 1877Year of current legal status 1987Country of Incorporation England Number of employees 90 (end of year)Active in United Kingdom




Turnover (EUR m) - - Notional Turnover (EUR m) - 8,760,829 Trades - - Contracts Traded - 120,258,119 Listings


FootnotesFinancial figures under IFRS financial accounting protocol


EquityTrading figures 2010

-

-- - - -

Shares Sec. Derivatives UCITsETFs

-- -

Options and Futures


Bonds


--


2734 39

48 51

25 27 26 3139

4 814

20 18

0102030405060

2006 2007 2008 2009 2010

EUR

Mill

ions



23%

35%

16%

26%

Cost Breakdown 2010

Personnel

ICT


Other costs

54%

23%

23%


Derivatives Trading

ICT services




LUXEMBOURG STOCK EXCHANGE

Name Luxembourg Stock Exchange Type of Company Joint-stock companyFor profit

Address 11, av de la Porte-Neuve L-2227 Luxembourg Listed NoPhone +352 47 79 36 1 Sectors Cash EU regulated marketFax +352 47 32 98 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Wholesale bond marketsWebsite www.bourse.lu IT infrastructure and software providers

Year established 1927Year of current legal status 1928Country of Incorporation Luxembourg Number of employees 131 (end of year)Active in Luxembourg


Turnover (EUR m) 163 - - - - - - 1 -Trades 11,890 - - - - - - 51 -Market Cap. (EUR m)Listed companies (shares) / listing


Turnover (EUR m) 55 - Notional Turnover (EUR m) - -Trades 512 - Contracts Traded - -Listings


FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial figures are under LUXGAAP financial accounting protocolNotesFigures mentioned include subsidiaries.

Bonds


29,566

Options and Futures


-

UCITsETFs

-7,581

-



289

Shares

75,381 n/a7,445

--

Sec. Derivatives

3540 42 43 41

23 26 28 27 25

12 14 15 16 17

0

10

20

30

40

50

2006 2007 2008 2009 2010

EUR

mill

ions



39%

29%

18%

14%

Cost Breakdown 2010

Personnel

ICT

Other operating


72%

0.2%

26%

2%


Cash Trading


ICT services




MALTA STOCK EXCHANGE

Name Malta Stock Exchange Type of Company Public sector (State) entityNot for profit

Address Garrison Chapel Castille Place Valetta CMR01 Listed NoPhone +356 21244051 Sectors Cash EU regulated marketFax +356 25696316 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Wholesale bond marketsWebsite www.borzamalta.com.mt Retail bond market

Central Securities Depositories / Settlement companiesYear established 1990Year of current legal status 2007Country of Incorporation Malta Number of employees 50 (end of year)Active in Malta


Turnover (EUR m) 36 - - - - - - - -Trades 8,767 - - - - - - - -Market Cap. (EUR m)Listed companies


Turnover (EUR m) 479 - Notional Turnover (EUR m) - -Trades 10,850 - Contracts Traded - -Listings


FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial accounts were audited in October 2007. The Exchange became MSE Plc as from 1 November 2007.Financial figures are under IFRS financial accounting standardsNotesFigures mentioned include subsidiaries.




--

--

Bonds

Equity

--

Shares

3,22221

Stock/Index

--

Options and Futures

Derivatives


103

3.6 3.54.2 3.9

4.4

2.3 2.22.8 2.7 2.7

1.3 1.3 1.4 1.21.7

0

1

2

3

4

5

2006 2007 2008 2009 2010

EUR

mill

ions



47%

45%

8%

Cost Breakdown 2010

Personnel

Other operating


61%

5%

34%


Listing (admission + ongoing)Membership

Clearing / Settlement / CSD



NASDAQ OMX GROUP INC.

Name NASDAQ OMX Nordic Ltd Type of Company Joint-stock companyConsolidated figures For profit

Address Listed Since 2008 sub-group of The NASDAQ OMX Group Inc.(European Corp. Headquarter) Babianinkatu 14 Sectors Cash EU regulated marketPhone +358 9 616671 Cash EU not regulated (exchange regulated) marketsFax +358 9 298 2340 Derivatives marketsEmail [email protected] Central Securities Depositories / Settlement companiesWebsite www.nasdaqomx.com in Iceland, Estonia and LatviaYear established 1997 Year of current legal status 1997

Country of Incorporation Finland Number of employees 524 (average in Europe)Active in Europe in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden and the UK


Turnover (EUR m) 568,050 44,656 15,910 1,743 0 12,462 4,771 6,343 20,547Trades 68,799,152 729,710 1,436,058 538,723 15 638,440 4,305 359,391 1,243,382Market Cap. (EUR m)Listed companies


Turnover (EUR m) 6,604 1,978,723 Notional Turnover (EUR m) 2,921,976 -Trades 167,198 n/a Contracts Traded 27,613,844 -Listings

1452635.813450664


FootnotesFinancial figures are under Finnish accounting protocol (quite in line with IFRS)NotesFigures are NASDAQ OMX Ltd consolidated figures


5,062




Bonds

Equity

542,443Options and Futures

81,365,096


691441

-64

Shares

776,821778

-3,053

247299

269218

261

86 107 115 104 113161

192154

114148

050

100150200250300350

2006 2007 2008 2009 2010

EUR

mill

ions



27 %

19 %

26 %

28 %

Cost Breakdown 2010

Personnel

ICT


Other costs

18 %

57 %

20 %

5 %



Cash Trading incl derivatives trading





NYSE EURONEXT

Name NYSE EURONEXT Type of Company Joint-stock companyFor profit

Address Listed On NYSE Euronext(European Corp. Headquarter) 39, rue Cambon - 75039 Paris cedex 01 Sectors Cash EU regulated marketsPhone +33 (0)1 49 27 10 00 Cash EU not regulated (exchange regulated) marketsFax +33 (0)1 49 27 11 71 Derivatives marketsEmail [email protected] IT infrastructure and software providersWebsite www.nyx.com

Year of Incorporation 2007Country of Incorporation USA Number of employees 3,968 (end of year)Active in Belgium, France, Netherlands, Portugal, United Kingdom and USA

Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book EOB Book EOB Book EOB

Turnover (EUR m) 1,532,631 129,320 1,117,119 25,728 667 97,859 20,050 15,530 22Trades 180,371,472 845,539 533,591 4,615,377 728 2,269,666 13,185 371,890 56Market Cap. (EUR m)Listed Domestic companies

Electronic Order Off Bond Book EOB Options & Futures Commodities

Turnover (EUR m) 13,942 6,652 Notional Turnover (EUR m) 357,648,120 232,195Trades 739,867 1,626 Contracts Traded 501,474,224 16,652,653Listings

Revenues 3,344,061Costs 2,569,840EBITDA 774,222EBIT 562,314Net Income 436,722

FootnotesEuronext & NYSE have merged in April 2007.All the information refers to NYSE Euronext except for trading figures which only refer to the European trading.Main financial results are based on US GAAP since April 2007 converted at correspondent exchange rates.On Revenues, Cost and EBIDTA:

* 2007-2010 Data are not fully comparable with previous year data since they include figures of the holding company Euronext N.V.NotesFigures mentioned include subsidiaries.

Trading figures 2010 - Only for European marketsEquity



-

8,754,817618,226,024

50,421189


3,957

-561

Shares

2,184,0761,135

Stock/Index Bonds

Options and Futures

18,661

Derivatives

1102

2993 3214 3371 3344

693

2339 23692981

2570

409 654 845390

774

0500

1000150020002500300035004000

2006 2007 2008 2009 2010

EUR

mill

ions



56%

19%

25%

Cost Breakdown 2010

Personnel

ICT


10%

41%

23%

8%

7%

11%



Cash Trading

Derivatives Trading


ICT services

ICT services



OSLO BØRS

Name Oslo Børs VPS Holding ASA Type of Company Joint-stock companyFor profit

Address PO.Box. 460, Sentrum N-0105 Oslo Listed Traded OTC regularlyPhone +47 22 34 17 00 Sectors Cash EU regulated marketFax +47 22 34 19 25 Derivatives marketsEmail [email protected] Wholesale bond marketsWebsite www.oslobors.no Clearing houses / CCP services providers

Central Securities Depositories / Companies Year established 1819 managing settlementYear of current legal status 2001Country of Incorporation Norway Number of employees 265 (end of year)Active in Norway


Turnover (EUR m) 198,753 18,448 173 402 20 11,793 - - -Trades 18,735,452 53,082 13,765 45,321 88 564,350 - - -Market Cap. (EUR m)Listed companies


Turnover (EUR m) 11,936 410,869 Notional Turnover (EUR m) - -Trades 1,940 22,022 Contracts Traded - -Listings


FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial figures are under IFRS financial accounts standards


Trading figures year 2010Equity

Financial figures year 2010


-

7,99413,731,283

--


1,154

-6

Shares

219,512239

Stock/Index Bonds

Options and Futures

257

Derivatives

6183

140106 118

25 34

120

205

7139 11

7953 64

0

50

100

150

200

250

2006 2007 2008 2009 2010

EUR

mill

ions



45%

30%

25%

Cost Breakdown year 2010

Personnel

Other operating


12%

17%

1.5%

5%

45%

17%

0.5%

Revenue Breakdown year 2010


Cash Trading

Derivatives Trading

Clearing / CCP

Settlement


ICT services



PRAGUE STOCK EXCHANGE

Name Prague Stock Exchange Type of Company Joint-stock companyFor profit

Address Rybna 14 110 05 Prague 1 Listed NoPhone +420 221 831 111 Sectors Cash EU regulated marketsFax - Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.pse.cz Clearing houses / CCP services providers

Central Securities DepositoriesYear established 1993 Companies managing settlementYear of current legal status 1993Country of Incorporation Czech Republic Number of employees 90 (end of year)Active in Czech Republic


Turnover (EUR m) 15,258 133 - 7 - - - - -

Trades 1,162,508 135 - 914 - - - - -

Market Cap. (EUR m)Listed companies


Turnover (EUR m) 0 20,915 Notional Turnover (EUR m) - -

Trades 28 6,495 Contracts Traded - -

Listings




-

-

-

-

EquitySec. Derivatives UCITs

Bonds

-44


Shares

31,92227

ETFs

Derivatives


106


81,736

14

1818

14

17

911

139

13

810

96 7

0

5

10

15

20

2006 2007 2008 2009 2010

EUR

mill

ions



36%

12%1%18%

33%

Cost Breakdown 2010

Personnel

ICT

Other operating

Depreciation and amortisationOther costs

3%

29%

26%

41%

1%



Cash Trading

Settlement





SIX GROUP

SIX SWISS EXCHANGE

Name SIX Group Type of Company Joint-stock companySIX Swiss Exchange For profit

Listed NoAddress Selnaustrasse 30 8021 Zürich Sectors CH regulated cash markets/CH not regulated (exchange regulated) marketsPhone +41(0)58 854 54 54 Derivatives marketsFax +41(0)58 854 54 55 Retail bond marketsEmail CCP, Central Securities Depository and Custodian ServicesWebsites www.six-swiss-exchange.com IT infrastructure and software providers (forYear established 1993 SIX Swiss Exchange and Scoach CH)Year of current legal status 2008 Data vending, credit card solutions, electronic payment processingCountry of Incorporation Switzerland Number of employees 249 (end of year) Active in Switzerland & Germany


Turnover (EUR m) 595,339 14,876 44,834 26,808 1,927 39,762 12,141 3,344 904Trades 32,103,416 6,933 118,051 1,365,971 30,036 692,231 4,339 134,859 1,292Market Cap. (EUR m) (Swiss ExchangListed companies (shares) / listings


Turnover (EUR m) 32,029 86,871 Notional Turnover (EUR m) 69,676,622 -Trades 454,921 65,912 Contracts Traded 574,810,256 -Listings

Revenues 271,484Costs 148,109EBITDA 105,224EBIT 94,593Net Income n/a

FootnotesFinancial data for 2006-2007 under IFRS.Financial data for 2008-2010 according to Management Accounts (not IFRS and not approved by auditors).Derivatives traded at Eurex, jointly operated by SIX Swiss Exchange and Deutsche Börse. Total statistics shown in both exchanges.


n/a21

-497

EquitySec. DerivativesShares UCITsETFs

Bonds

-30,604


916,707296

Derivatives

28,527,0411,316,165,584


1,425


263323 337

253 271

141 147176 159 148142

191 173

82 105

0

100

200

300

400

2006 2007 2008 2009 2010

EUR

mill

ions



24%

7%69%

Cost Breakdown 2010

Personnel


Other costs

10%

74%

10%

6%



Cash Trading





WARSAW STOCK EXCHANGE

Name Warsaw Stock Exchange Type of Company Joint-stock companyListed Yes

Address Ksiazeca 4 00-498 Warsaw Sectors Cash EU regulated marketPhone +4822 628 32 32 Cash alternative (exchange regulated) marketFax +4822 628 17 54 Derivatives marketsEmail [email protected] Wholesale bond markets Website www.gpw.pl Retail bond markets

Year established 1991Year of current legal status 1991Country of Incorporation Poland Number of employees 209 (end of year)Active in Poland


Turnover (EUR m) 52,260 7,467 - 71 0 18 4 27 1Trades 13,120,775 5,076 - 23,480 4 2,629 5 16,150 3Market Cap. (EUR m)Listed companies

Electronic Order Off Bond Book Trades EOB Options & Futur Commodities



FootnotesOperating revenues and costs (excluding financial revenues and costs)Figures are under International Financial Reporting Standards (IFRS) protocol





-

88,60514,601,479

1,015


137

-1

Shares

142,272585

Stock/Index Bonds

Options and Futures

Derivatives

58

49

6153

4757

19 2232 28

3437

49

26 2431

010203040506070

2006 2007 2008 2009 2010

EUR

mill

ion



33%

55%

12%

Cost Breakdown 2010

Personnel

Other operating


9%

57%

18%

14%2%



Cash Trading

Derivatives Trading





WIENER BÖRSE

Name Vienna Stock Exchange Type of Company Joint-stock companyFor profit

Address Wallnerstraße 8 Box 192, A-1014 Vienna Listed OTC traded regularlyPhone +43 1 531 65-0 Sectors Cash EU regulated marketFax +43 1 532 97 40 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.wienerboerse.at

Year established 1771Year of current legal status 1997Country of Incorporation Austria Number of employees 100 (end of year)Active in Austria


Turnover (EUR m) 36,815 - - 299 - 57 - 9 -Trades 4,783,239 - - 30,735 - 1,946 - 705 -Market Cap. (EUR m)Listed companies


Turnover (EUR m) 1,070 - Notional Turnover (EUR m) - -Trades 26,287 - Contracts Traded - -Listings


FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial figures are under local GAAP financial acconting standards



-22

Shares

93,944

Sec. Derivatives UCITsETFsEquity

110

Options and Futures

-34

Derivatives

-


3,657

Bonds


838,93817,018

Stock/Index

57

7870

54 52

31 3527 27 2726

44 44

28 27

0102030405060708090

2006 2007 2008 2009 2010

EUR

mill

ions



37%

34%

23%

6%

Cost Breakdown 2010

Personnel

ICT

Other operating


9%

55%

1%1%

24%

10%



Cash Trading

Derivatives Trading

Clearing / CCP





NOTES ON METHODOLOGY Trading figures:

• Trading statistics follow the FESE Statistics Methodology: http://www.fese.eu/en/?inc=art&id=51 • Electronic Order Book Trades contain all transfers of ownership by way of trades automatically

executed through the Exchanges' electronic order book. • Off Electronic Order Book Trades include all other transfers of ownership by way of trades

executed away from the electronic order book and involving at least one member / intermediary of an Exchange.

• Reporting Trades include trades reported through a Trade Reporting Facility (TRF) when only one counterparty provides information on the trade and offers dissemination services at the request of the reporting trader. Turnover methodology was reviewed in 2010 (FESE Statistics Methodology: http://www.fese.eu/en/?inc=art&id=51 ).

• Market Capitalisation (Market Cap.) is the total number of issued shares of the company (including their several classes) multiplied by the respective share price at a given time. The total is the sum of the total market capitalisation of each domestic company admitted to listing included in the Exchange. The market capitalisation figures include:

shares of domestic companies shares of foreign companies which are exclusively listed on an exchange, i.e. the foreign

company is not listed on any other exchange common and preferred shares shares without voting rights when available investment /participation certificates when available

The market capitalisation figures exclude: collective investment funds rights, warrants, convertible instruments options, futures foreign listed shares other than exclusively listed ones companies whose only business goal is to hold shares of other listed companies

• Turnover or share trading value is the total number of shares traded multiplied by their respective prices.

• Notional Turnover is an approximate measure of the value of the number of contracts traded expressed with reference to the underlying asset, enabling comparison between cash and derivatives trading and among different derivatives products. It is computed as the number of contracts traded multiplied by the assets underlying amount and value.

• All trading figures (value and number of transactions) are single counted in order to ensure data comparability.

General information and financial figures according to:

• Figures mentioned include subsidiaries. • EBIT ‐ Earnings Before Interest and Taxes. • EBITDA ‐ Earnings Before Interest, Taxes, Depreciation and Amortization. • ICT – Information and Communication Technologies

Information sources

• Trading figures 2010 taken from FESE Statistics Database: http://www.fese.eu/en/?inc=page&id=10

• General information and Financial figures 2010 provided by FESE members.



CONTACT FESE Secretariat Rosa Armesto Head of Economics and Statistics & Fixed Income Tel: +32 2 551 01 85 Email: [email protected]

Sara BaldiAdministrative Assistant Tel: +32 2 551 01 80 Email: [email protected]

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