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BEST WISHES

FOR 2013

Interview with the Bermuda Stock Exchange CEO

WFE letter to Financial Stability Board (FSB)

November 2012 WFE market statistics

WFE calendar of events

NO 238 – DECEMBER 2012

Season’s Greetings!

IN THIS ISSUE

9-10 January, 2013WFE Board MeetingFrankfurt

24-25 April, 201331st Annual Options Industry Conference Las Vegas

6-7 May, 2013IOMA, The WFE Derivatives ConferenceKorea Exchange

2-3 September, 2013FIAB General Assembly and Annual MeetingSantiago de Chile

15-19 September, 2013IOSCO Annual Conference Luxembourg

28 October, 2013WFE Working Committee

28 October, 2013WFE Board Meeting

29-30 October, 2013WFE 53rd General Assembly and Annual Meeting

Every effort has been made to ensure that the information in this document is accurate at the time of printing, but the WFE cannot accept any responsibility for errors or omissions. WFE commissions articles on capital market policy and practices for publication in Focus and for website posting. The views of the authors do not necessarily reflect those of this Federation or its member exchanges. For reproduction or citation, please contact the WFE. © WFE 2012. All rights reserved.

DATES FOR THE DIARY INTRODUCTION2 Season’s Greetings!

INTERVIEW4 WFE interviews with the

Bermuda Stock Exchange

FEDERATION NEWS8 WFE urges international

regulatory bodies to modify capital standards for exchange traded derivatives in support of G20 reforms

INDUSTRY NEWS A-Z11 Corporate news11 Exchange consolidation news12 Financial results12 Indices14 Inter-market links15 IT16 New products17 New services18 Post trade20 Regulation21 Other

MARKET STATISTICS24 Key market indicators -

November 201226 Equity46 Fixed income60 Derivatives

FOCUS December 2012 – 1

08WFE urges international regulatory bodies to modify capital standards for exchange traded derivatives in support of G20 reforms

24WFE MARKET STATISTICSTotal market capitalization of WFE member exchanges increased by 11% versus November 2011.

04GREG WOjCIECHOWSKIWFE interviews with the Bermuda Stock Exchange

2 – FOCUS December 2012

INTRODUCTION

SEASON’S GREETINGS!

PETER ClIFFORD Chief Operating Officer, WFE

As 2012 draws to a close, the WFE wishes all Focus readers very happy holidays, and an excellent New Year.

We will look back on the main stories from 2012 in our next edition, and provide the year-end statistics on what was a very challenging year in many markets.

However, we are already starting this month a feature which will be a regular edition to Focus: interviews with the CEOs of exchanges. The list of WFE members includes some of the best known brands in the financial services industry. But there are many more exchanges that have come up with exciting initiatives somewhat under radar.

AS 2012 DRAWS TO A ClOSE, THE WFE WISHES All FOCUS READERS VERY HAPPY HOlIDAYS, AND AN ExCEllENT NEW YEAR.


WE ARE AlREADY STARTING THIS MONTH A FEATURE WHICH WIll BE A REGUlAR EDITION TO FOCUS: INTERVIEWS WITH THE CEOS OF ExCHANGES.

That the Bermuda Stock Exchange starts off this feature is linked to their work on developing the bond market for reinsurance companies. This importance of this topic was touched on by Dr. Richard Sandor in his acceptance speech as the 2012 recipient of the WFE Award for Excellence. Given the damage caused by Superstorm Sandy less than a month later, the use of ‘cat-bonds’ seemed a topical place to start this review. You can see Dr. Sandor’s entire speech on the WFE website, and learn about the other developments at the Bermuda Stock Exchange on the following pages.

The other feature of his edition is a position paper concerning margining requirements for futures and options traded on exchanges. It was the opinion of many market leaders that the level of risk represented by these highly liquid and transparently traded products should not be conflated with the often illiquid derivatives which featured prominently in the financial meltdown. Doing so could be a costly and unnecessary step in the reform of the OTC market which the WFE otherwise fully supports.


INTERVIEW

integral role in the development of Bermuda’s domestic capital market.

As Bermuda’s domestic economy and international business segments rapidly grew, the need to modernize the stock exchange was necessary and in 1992, the BSX initiated a significant modernization process resulting in the structure and market we operate today.

Changes in 1992 included, incorporating the Exchange by way of Private Act thus creating a for profit/private entity (one of the very few at that time), an expanded board of directors and commencement of work on the Exchange’s regulatory and operating infrastructure, which was completed in 1995.

During the BSX’s modernization process, critically important Exchange recognitions and designations were sought and received from; The Bermuda Monetary Authority, The US Securities and Exchange Commission, the United Kingdom’s Financial Services Authority, HM Revenue & Customs, The Australian Tax Office and most recently Canada’s Ministry of Finance.

The result of the above is the structure in place today. The BSX operates a fully electronic/integrated trading, clearing, settlement and depository system (technology licensed from NASDAQ/OMX). Over 600 securities are listed with a market capitalization (excluding listed investment funds) of over USD 300 billion. The BSX plays a significant role in Bermuda’s domestic economy with the market capitalization of domestically listed securities being approximately 25% of the Gross Domestic Product of the country (based on 2010 figures).

FOCUS: Being the President & CEO of one of the smallest member exchanges of the WFE and the first of many to author pieces in this new feature of the monthly Focus publication, I feel the considerable weight to deliver an informative and relevant discussion on the BSx and our contribution to not only Bermuda’s domestic economy but also to the global capital markets.

GW: I have the distinct pleasure to be leading the BSX organization at a critical time during its corporate and infrastructural development. This has been an exciting period for the BSX and Bermuda’s domestic capital market. My team and I are proud of the exchange platform that we have introduced in our country and are grateful for the support and guidance of many friends and colleagues who have helped us along the way to adopt the important principles set out by organizations such as the World Federation of Exchanges and IOSCO.

FOCUS: Could you give us a bit of background about your exchange?

GW: Founded in 1971, The Bermuda Stock Exchange (BSX) has been in existence for 40 years. The BSX was established to provide market support for shares in Bermuda domestic equities and fixed income.

Although the Bermuda market is small by comparison to other WFE member exchanges, the BSX was created for very similar important domestic reasons such as; capital raising support, investor protection, transparency, price discovery, order execution and post trade related services. The BSX plays an

WFE INTERVIEWS WITH THE BERMUDA STOCK ExCHANGEGREG WOjCIECHOWSKIPresident & CEOBermuda Stock Exchange


THE BSx PlAYS A SIGNIFICANT ROlE IN BERMUDA’S DOMESTIC ECONOMY WITH THE MARKET CAPITAlIZATION OF DOMESTICAllY lISTED SECURITIES BEING APPROxIMATElY 25% OF THE GDP.

trading interest and we are seeking to expand the ability for market access by international investors.

FOCUS: What new project/product are you currently working on?

GW: The main “project” that the BSX is and will be working on well into 2013 is a technology upgrade to our mission critical systems.

In respect of products, we are seeing very robust business in the Insurance Linked Securities space and our SME market.

Bermuda is the world’s third largest supplier of reinsurance (behind London and NY). Bermuda insurers write 15% of the aggregate global reinsurance premiums and supply 40% of broker placed reinsurance in the EU and the US.

The method by which global reinsurers are seeking capital is evolving and risk transfer directly into the capital market is becoming more frequent. Capital market vehicles such as Catastrophe Bonds are becoming better understood by global institutional investors.

Given the importance of Bermuda in this industry and the platform that the BSX has created, we see Bermuda and the BSX as the logical place for the insurance and capital markets to convergence.

To date, the BSX has listed over 45 structures with an aggregate market capitalization of over USD 5.4 billion which represents over 25% of the issued market.

The BSX is actively working with participants in the secondary market to expand exchange support to the asset class.

As a stakeholder in the Bermudian economy, the BSX plays a critical role in domestic policy and regulatory discussions.

FOCUS: How active are foreign investors in your exchange? How accessible is your market?

GW: Foreign investors are active in the domestic market and in the international securities that are listed on the Exchange.

Decades ago, the Bermuda Government enacted legislation which prevented foreign ownership stakes in domestic companies exceeding 40% of the shares in issue. Over the last 5 years, interest in the domestic market has grown to such an extent that many large BSX domestic issuers reached their statutory foreign ownership levels. Realizing the impact this had on price discovery, capital raising and market liquidity, the BSX worked closely with the Government to seek a solution.

In the summer of 2012, the Bermuda Government made amendments to law so that domestic companies could be free of foreign ownership restrictions if they were listed on the BSX and operating within specified industries. As of today, two BSX domestic issuers have sought and received exemption and one application is nearing conclusion.

On the international side of our business, all other products are driven from external sources and have international institutional support.

Accessibility to the Exchange is something that the Management of the BSX is very focused on at present. Two of our most active products that will be discussed below are generating more and more


WE HAVE BEEN INNOVATIVE AND ENTREPRENEURIAl IN APPROACH SINCE OUR INCEPTION AND THAT IS NOW CODED IN THE ORGANIZATIONS DNA SUCH THAT WE WIll CONTINUE TO SEEK NEW APPlICATIONS FOR OUR ExCHANGE AND THE jURISDICTION.

clients and continuing to deepen the accessibility of our market to international participants.

FOCUS: How do you assess your exchange’s position at a time of increased globalization?

GW: I am energized by the potential of a small/niche exchange such as the BSX.

I believe that, at the BSX, we have taken careful and deliberate steps to be part of the global capital market framework by leveraging our unique strategic physical location (nestled between two of the largest capital markets in the world) and supporting products that play to the strengths of Bermuda’s international business platform.

We have been innovative and entrepreneurial in approach since our inception and that is now coded in the organizations DNA such that we will continue to seek new applications for our Exchange and the jurisdiction.

In respect of the global exchange space, I believe there will be a place for regional and niche focused markets and exchanges. I believe that the type of work we are doing in Bermuda and at the BSX clearly lends itself to becoming more and more important and interconnected.

In relation to our work in the SME space. The BSX has for several years successfully operated its “Mezzanine Market”, a segment of our international equity board. The Mezzanine Market targets high growth potential companies in their early stages of corporate life.

Last and probably most important, in December 2011, the TMX Group made a strategic investment in the BSX which resulted in a 16% equity stake and TMX Group CEO Tom Kloet joining the BSX Council.

This was an exciting development for the BSX as our association with the TMX gives the BSX management and staff immediate access to a team of seasoned stock exchange professionals in all areas of the exchange business. We are actively working with our colleagues in Toronto to determine areas of mutual commercial cooperation.

FOCUS: What are the challenges you see in your market today and in the future?

GW: From a macro perspective, the main challenge we see today is the continued headwinds caused by global economic conditions.

Although the Bermuda domestic market is small, the country’s international business sector is significant and as such reacts to global economic conditions which therefore impacts domestic market sentiment. That said, we are beginning to see green shoots such as the products mentioned above.

Two areas on which we remain keenly focused are; keeping up with regulatory/market changes occurring outside the jurisdiction which could impact our business and our


BERMUDA STOCK ExCHANGE DOMESTIC MARKET CAPITAlIATION(USD MIllION)

BERMUDA STOCK ExCHANGE SHARE TRADING VAlUE (EOB)(USD MIllION)

3 000

2 500

2 000

1 500

1 000

500

0

12

10

8

6

4

2

0

J F M A M J J A S O N D


2008

Source: World Federation of Exchanges

Source: World Federation of Exchanges

2008



2010

2010



2009

2009



2011

2011

J F M A M J J A S O N

J F M A M J J A S O N

2012

2012

39.2 41.1


FEDERATION NEWS

WFE URGES INTERNATIONAl REGUlATORY BODIES TO MODIFY CAPITAl STANDARDS FOR ExCHANGE TRADED DERIVATIVES IN SUPPORT OF G20 REFORMS

On 27 November 2012,the World Federation of Exchanges (WFE), representing 59 publicly regulated stock, futures, and options exchanges and associated clearinghouses, today called on international regulatory bodies to modify capital standards to appropriately reflect the liquidity and efficiency of exchange traded derivative (ETD) markets. In a letter to the Financial Stability Board and other policy organizations, WFE encouraged global standard setting bodies to demonstrate continued support for the G20 commitments to bring greater transparency and central clearing to derivative markets by ensuring that the costs of ETD markets are not unnecessarily increased.

The Basel Committee on Banking Supervision (BCBS) has issued an Interim Capital Standards proposal that “seeks to apply a blanket 5-day margin period or risk standard to highly liquid and transparent ETDs,” the WFE says in a letter from Hüseyin Erkan, Chief Executive Officer, and Jorge Alegria, Chairman of The International Options Markets Association (IOMA) which is the WFE’s global association of options and futures exchange leaders.

If adopted by the BCBS and implemented by national bank regulators, the 5-day capital standard would conflict with current margin standards for highly liquid ETDs, resulting in increasing costs for users of exchange-traded markets. “This may force exchange users (e.g. manufacturers, food producers, employee pension funds, and investors) to either discontinue critical hedging practices or move

activity to the less transparent OTC derivative markets. Such outcomes would clearly undermine the G20 OTC market reform commitments,” the WFE letter states.

The Financial Stability Board (FSB), an international body established by the G-20 nations in 2009 after the global financial crisis, is working in coordination with other international organizations such as the International Organization of Securities Commissions (IOSCO) and the Basel Committee on Banking Supervision (BCBS) to develop global capital and margin standards for both exchange traded and “over-the-counter” (OTC) derivative instruments. “The WFE respectfully requests global standard setters to eliminate the 5-day margin period of risk banking capital standard for exchange traded derivatives and demonstrate international support for the more appropriate current standards for the highly liquid, transparent, and efficient exchange traded derivative markets. Such action by global standard setters will be instrumental in advancing the G20’s commitment to bring increased transparency and the safety and soundness of central clearing to the global derivatives market and broader financial system.”

The full letter from WFE to the five regulatory bodies may be viewed at page 9.


Paris, 27 November 2012

Mark CarneyChairman, Financial Stability Board (FSB)

Stefan IngvesChairman, Basel Committee on Banking Supervision (BCBS)

William DudleyChairman, Committee on the Global Financial System (CGFS)

Paul TuckerChairman, Committee on Payment and Settlement Systems (CPSS)

Masamichi KonoChairman, IOSCO Technical Committee

RE: Advancing the G20 OTC Market Reforms by Correcting Inconsistencies in Derivative Margin Frameworks to Reflect liquidity and Efficiency of Exchange Traded Derivative Markets

Dear Sirs:

The World Federation of Exchanges (WFE) is the global association representing the interests of 59 publicly regulated stock, futures, and options exchanges, as well as the central clearing houses that many of these exchanges operate. Collectively, WFE members represent the vast majority of the global exchange-traded equities and derivatives markets. The International Options Markets Association (IOMA) is the WFE’s global association of options and futures exchange leaders. The member list of WFE is included in the annex to this letter.

During and immediately following the global financial crisis in 2008, the WFE vigorously advocated for reform and regulation of the OTC derivatives markets, which were identified as having made significant contributions to financial turmoil. WFE applauded the OTC reform commitments made by the G20 Finance Ministers at their November 2009 meeting in Pittsburgh. In support of the G20 commitments to increase transparency in derivative markets and to promote central clearing, our associations and members have continually engaged with global standard setters as well as national and regional policymaking bodies to implement regulatory reforms and address gaps and redundancies in national approaches and global frameworks.

With respect to risk management and margin standards, the WFE encourages the Financial Stability Board (FSB) to ensure that inconsistencies in the international guidelines in relation to exchange traded derivative (ETD) margin standards and banking regulatory capital standards do not undermine the G20 commitments of moving standardized derivatives to central clearing and, when appropriate, to highly transparent trading platforms such as the regulated exchanges operated by WFE members.

Specifically, we ask that the FSB coordinate and collaborate with the Basel Committee on Banking Supervision (BCBS), the Committee on the Global Financial System (CGFS), the Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissioners (IOSCO) to resolve differences between the initial margin approach set out in the CPSS-IOSCO Principles for Financial Market Infrastructure (PFMIs) (and reflected in some national regulatory rules or proposals for ETDs) and the conflicting Basel Committee on Banking Supervision (BCBS) Interim Capital Framework.

The Interim Capital Framework referred to above seeks to apply a blanket 5-day margin period of risk standard to highly liquid and transparent ETDs. The CPSS-IOSCO PFMIs appropriately distinguish between the risk profiles of ETDs and cleared OTC products. CPSS-IOSCO PFMI’s are reflected in regional and national margin and risk management


regulatory frameworks around the world. These margin frameworks recognize the deep liquidity, transparent pricing, significant turnover rates, and overall efficiency of most ETDs relative to OTC derivatives and, in some cases, apply a 1 to 2-day margin period at risk standard for ETDs.

The significant liquidity and turnover advantages of ETD markets are confirmed by a recent study commissioned by the WFE and completed by the TABB Group which estimates that there are approximately 9,800 OTC trades per day across all OTC asset classes contrasted with nearly 6.2 million trades per day in global interest rate futures market alone. This equates to a 630 times greater turnover rate for exchange traded interest rate contracts compared to the turnover rate of all of the asset classes that make up the OTC derivatives market. Due to their significant liquidity and turnover advantages as well as the extensive availability of pricing data, ETDs are usually efficiently liquidated and generally pose less risk than privately negotiated, customized, and less frequently traded OTC derivatives.

If adopted by the BCBS and implemented by national bank regulators, the static 5-day margin period of risk standard will not only be in conflict with the CPSS-IOSCO PFMIs but also have the effect of increasing costs for client users of ETDs. This may force exchange users (e.g. manufacturers, food producers, employee pension funds, and investors) to either discontinue critical hedging practices or move activity to the less transparent OTC derivative markets. Such outcomes would clearly undermine the G20 OTC market reform commitments.

The WFE respectfully requests global standard setters to eliminate the 5-day margin period of risk banking capital standard for exchange traded derivatives and demonstrate international support for the more appropriate 1 to 2-day standard for the highly liquid, transparent, and efficient exchange traded derivative markets. This standard should apply across all methods permitted under the Basel framework to compute counterparty credit risk exposure for ETDs. Such action by global standard setters will be instrumental in advancing the G20’s commitment to bring increased transparency and the safety and soundness of central clearing to the global derivatives market and broader financial system.

As the global associations for exchanges and clearing houses, the WFE and IOMA appreciate your consideration and stand ready to lend our members’ collective expertise to this critical discussion.

Cordially yours,

Huseyin Erkan Jorge Alegria FormosoChief Executive Officer Chairman, IOMA, andWord Federation of Exchanges Chief Executive Officer, MexDer

1 CPSS-IOSCO Principles for Financial Market Infrastructure. “When setting margin requirements, a CCP should have a margin system that establishes margin levels commensurate with the risks and particular attributes of each product, portfolio, and market it serves. Product risk characteristics can include, but are not limited to, price volatility and correlation, non-linear price characteristics, jump-to-default risk, market liquidity, possible liquidation procedures (for example, tender by or commission to market-makers), and correlation between price and position such as wrong-way risk. Margin requirements need to account for the complexity of the underlying instruments and the availability of timely, high-quality pricing data. For example, OTC derivatives require more-conservative margin models because of their complexity and the greater uncertainty of the reliability of price quotes” (Explanatory Note 3.6.3). “A CCP should adopt initial margin models and parameters that are risk-based and generate margin requirements that are sufficient to cover its potential future exposures to participants in the interval between the last margin collection and the close out of positions following a participant default. Initial margin should meet an established single-tailed confidence level of at least 99 percent with respect to the estimated distribution of future exposure.” (V. Appendix 3.6.6).2 ESMA 2012/600 Draft technical standards under the Regulation (EU) no 648/2012 of the EP and of the EC on OTC Derivatives, CCP’s and TR’s / Art. 26 no 1 and 4 Title: 17 CFR Parts 1, 21, 39 and 140 Derivatives Clearing Organization General Provisions and Core Principles. U.S. Federal Register Citation: 76 FR 69334 (11/8/2011). 3 TABB estimates that there are 4300 trade per minute in the global interest rate futures markets which equals an average of 6,192,000 trades in a 24 hour period. TABB estimates that 6.8 trades per minute occur in the entire OTC market which equals 9,792 trades in a 24 hour period. See pages 40-41: The New Global Risk Transfer Market: Transformation and the Status Quo, TABB Group, August 2012. 4 The Interim Capital Framework establishes capital requirements for banks’ exposures to CCPs and to clients for whom they perform clearing services as direct clearing members of CCPs. There are two drivers that will result in higher capital requirements for ETDs, or prompt a significant increase in collateralisation requirements established by banks offering clearing services: 1)The Interim Capital Framework will require clearing members to hold capital equivalent to a 5-day margin period of risk (MPOR) for all client “cleared derivative” positions. Under the prior capital framework, products that demonstrated certain characteristics such as those exhibited by cleared ETDs were afforded capital treatment that matched the risk of the product; and 2) The Interim Capital Framework allows clearing members to offset this 5-day capital requirement with the margin held against the client positions. Under the PFMIs and related national derivatives laws, cleared ETDs typically carry a 1-day or 2-day margin requirement versus the 5-day margin requirement assigned to cleared OTC products. This offset results in a 4-day or 3-day capital charge for ETDs versus 0-day charge for cleared OTC. BCBS, Capital Requirements for Bank Exposures to Central Counterparties, July 2012 (BCBS 227)


INDUSTRY NEWS A-Z

CORPORATE NEWS

BME appoints Javier Hernani Managing Director

The Board of Directors of BME appointed Javier Hernani Burzako as Managing Director of the company.

CBOE Holdings announces leadership changes

CBOE Holdings announced that William J. Brodsky, Chairman and CEO, has advised the Board that he will step down as CEO effective following the 2013 Annual Meeting in May 2013. Following the annual meeting, it is anticipated that he will assume the role of Executive Chairman of the Board. The Board of Directors unanimously elected Edward T. Tilly, CBOE President and COO, as CEO, also effective following the 2013 Annual Meeting. Edward Provost, CBOE Chief Business Development Officer, will succeed Mr. Tilly as CBOE President and COO.

Deutsche Börse announces changes in leadership structure

Effective 1 January 2013, Deutsche Börse will jointly manage the cash market and the derivatives businesses, comprising the Xetra and Eurex segments, within the responsibility of Deputy CEO Andreas Preuss. Martin Reck, Managing Director, will move within

Pakistan Mercantile Exchange appoints new Chairman

The Board of Directors of the Pakistan Mercantile Exchange has elected Mr Shazad G Dada as the new Chairman of the Board.

Qatar Exchange reshuffles shareholders’ ownership

Qatar Exchange confirmed that a shareholding restructuring of the company was completed in October 2012. As a result Qatar Holding holds 88% of the shares of the company and NYSE Euronext maintains a 12% investment in the Qatar Exchange.

ExCHANGE CONSOlIDATION NEWS

CME Group completes acquisition of Kansas City Board of Trade

CME Group has completed its acquisition of the Kansas City Board of Trade, the leading futures market for hard red winter wheat. The completion of the acquisition will provide both CME Group and KCBT customers with greater capital efficiencies, new trading opportunities and additional products to manage their global wheat price risk.

Deutsche Börse Group into the business area of Andreas Preuss, to assume management responsibility for Deutsche Börse’s entire structure of the cash market.

Namibian Stock Exchange appoints new CEO

The Board of the Namibian Stock Exchange appointed Tiaan Bazuin as Chief Executive Officer with effect from 1 January 2013.

NASDAQ OMX to acquire Thomson Reuters’ investor relations and multimedia solution businesses

The NASDAQ OMX Group has entered into an agreement with Thomson Reuters to acquire the Investor Relations, Public Relations and Multimedia Solutions businesses which provide insight, analytics and communications solutions. Upon completion of the transaction, these complementary businesses will be integrated into NASDAQ OMX Corporate Solutions.

National Stock Exchange India appoints new CEO and Managing Director

The National Stock Exchange of India has appointed Chitra Ramakrishna as CEO and Managing Director of the Exchange from 1 April 2013. Ravi Narain, the current CEO and Managing Director, will become non-executive Vice Chairman of the Exchange from April 2013 and will remain Chairman of the WFE Working Committee.


Hong Kong Exchanges completes acquisition of London Metal Exchange

On 6 December 2012, Hong Kong Exchanges and Clearing completed its acquisition of the entire issued ordinary share capital of LME Holdings, the parent company of the London Metal Exchange, after UK Financial Services Authority approved the merger.

NASDAQ OMX acquires stake in Dutch derivatives trading venue

NASDAQ OMX Group acquired 25% of the Dutch cash equity and equity derivatives trading venue TOM, The Order Machine. The agreement also includes an option for NASDAQ OMX to acquire an additional 25.1% of the remaining shares and secure a majority stake in TOM. The transaction will allow NASDAQ OMX to expand its derivatives presence across the European market.

Oslo Børs to acquire Fish Pool

Oslo Børs has reached an agreement with the shareholders of the fish and seafood derivatives exchange Fish Pool to acquire approximately 71% of the shares of the company. The acquisition represents a further step in strengthening Oslo Børs’ commitment to the seafood sector in which it already has a world-leading position.

INDICES

African Securities Exchanges Association launches pan African benchmark

The African Securities Exchanges Association in cooperation with FTSE Group launched the FTSE ASEA Pan Africa Index Series, an independently calculated, rules-based performance benchmark for Pan African equity portfolios. The index series measures the performance of eligible securities domiciled in 19 African countries (Botswana, Cameroon, Cape Verde, Egypt, Ghana, Ivory Coast, Kenya, Libya, Mauritius, Morocco, Mozambique, Nigeria, Rwanda, Sudan, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe).

CBOE launches CBOE low volatility index

On 30 November 2012, the Chicago Board Options Exchange introduced a new benchmark index, the CBOE Low Volatility Index, designed for investors whose preferences have shifted from investing in riskier assets to lower-volatility assets. The new index aims to provide investors with the ability to replicate an investment strategy that is subject to less downside volatility in a portfolio of S&P 500 stocks while still preserving the bulk of market gains.

Tokyo Stock Exchange and Osaka Securities Exchange combination and listing of new entity approved

On 11 December 2012, the business combination between Tokyo Stock Exchange Group and Osaka Securities Exchange was approved by the Japanese Financial Services Agency, effective 1 January 2013. At the same time, the approval of the listing of the combined company Japan Exchange Group’s stock on the 1st Section of Tokyo Stock Exchange was also received with a scheduled listing date of 4 January 2013. The stock of Japan Exchange Group, Inc. will be dually listed on both Tokyo Stock Exchange’s 1st Section and Osaka Securities Exchange’s JASDAQ Standard.

FINANCIAl RESUlTS

London Stock Exchange Group

First half of FY 2013 results

- Total income: GBP 423.7 m, up 10% compared to the first half of FY 2012

- Total revenue: GBP 349.8 m, up 7%

- Operating expenses: GBP 206.5 m, up 18%


NASDAQ OMX launches global index family

On 3 December 2012, the NASDAQ OMX Group launched the first group of the NASDAQ Global Index Family. It consists of global securities broken down by market segment, region, country, size and sector. The NASDAQ Global Index Family covers 9,000 securities and will result in the development of 24,000 indexes. The first phase of the launch was marked by the introduction of approximately 4,000 indexes that are calculated in US dollars. The remaining indexes will be unveiled in subsequent phases in other currencies.

NASDAQ OMX Copenhagen switches to OMXC20 CAP as main blue chip index

From 4 February 2013, NASDAQ OMX Copenhagen will use the capped version (OMXC20CAP) as the main blue chip index for the Danish equity market. The OMXC20 will remain in its index offering.

Shenzhen Stock Exchange launches performance indices

On 19 November 2012, the Shenzhen Stock Exchange, in cooperation with Shenzhen Securities Information, issued a series of performance indices, which encompass SZSE Performance Index, SZSE 100 Performance Weighted Index, SZSE 300 Performance Weighted Index, SME Performance Weighted Index, and CNINFO Performance Index. They introduce relative indicators in measuring enterprises’ performance.

Tokyo Stock Exchange launches pound hedged index

To satisfy market demand for TOPIX index values that hedge foreign currency risk, the Tokyo Stock Exchange began calculating the TOPIX Total Return Index hedged in GBP, after having introduced the same index hedged in EUR in January 2011. It is calculated by hedging beginning-of-period balances using rolling one-month GBP/JPY currency forward contracts.

Vienna Stock Exchange launches distributing indices

On 10 December 2012, the Vienna Stock Exchange started to calculate and publish the ATX Distributing index and the ATX Top Dividend Distributing index, a dividend distributing version of their underlying indices. Distributing indices take the payout of dividends into account. They therefore introduce a theoretical cash component that replicates the net dividend payments plus daily accrued interest according to the EONIA interbank rate.

Warsaw Stock Exchange launches WIG20TR index

On 3 December 2012, the Warsaw Stock Exchange started to calculate and publish the WIG20TR index. It is calculated by taking into account income from shares, in particular dividend and pre-emptive right income. The index is based on the WIG 20 companies.

Shenzhen Stock Exchange launches indexation indices

On 23 November 2012, the Shenzhen Stock Exchange, in cooperation with Shenzhen Securities Information, launched three new indices: the SZSE Component EW Index, SME-CHINEXT 100 EW Index, and CNINFO-CEI GDP Index. The newly issued indices provide more diverse indexation investment targets for the market.

TMX Group launches preferred share laddered and equal weight sector indices

TMX Group, in cooperation with S&P Dow Jones Indices, launched three new Canadian indices: the S&P/TSX Preferred Share Laddered index, the S&P/TSX Equal Weight Global Gold index and the S&P/TSX Equal Weight Industrials index. The S&P/TSX Preferred Share Laddered index was created in response to investors’ ongoing demand for income producing securities. The S&P/TSX Equal Weight Global Gold index is a sub-index of the S&P/TSX Global Gold index and includes constituents that meet specific market cap and liquidity ratios. The S&P/TSX Equal Weight Industrials index includes the constituent stocks of the S&P/TSX Composite that are classified as industrials according to the Global Industry Classification Standard.


INTER-MARKET lINKS

Bursa Malaysia signs MoU with Shanghai Stock Exchange

Bursa Malaysia and the Shanghai Stock Exchange have signed a Memorandum of Understanding which will facilitate the development of communication channels for the sharing of information between both exchanges. The expected cooperation will cover aspects such as structuring of listed products, development of debt securities products and debt trading facilities, corporate governance, exchange or secondment of staff and research projects.

Deutsche Börse and Moscow Exchange enter strategic partnership

On 16 November 2012, Deutsche Börse and Moscow Exchange signed a Letter of Intent. The exchange organizations agreed on a strategic cooperation and an extensive exchange of information in order to facilitate the further development of the financial markets. The two partners plan to cooperate on exchange infrastructure, product development, IT and rules and regulations regarding trading, clearing, settlement & custody, collateral management as well as market data and indices.

Karachi Stock Exchange signs MoU with Tehran Stock Exchange

The Karachi Stock Exchange has recently signed a Memorandum of Understanding with the Tehran Stock Exchange, intended to facilitate the development of channels of communication between the parties, explore business opportunities for market participants of both exchanges, facilitate knowledge and expertise sharing regarding the products of the exchanges’ securities markets, and to foster a continuing relationship between the parties.

Korea Exchange and Dalian Commodity Exchange sign MoU

On 22 November 2012, Korea Exchange and Dalian Commodity Exchange signed a Memorandum of Understanding which will establish a communication mechanism between the two parties with far-reaching effects in years to come, and with a view to exploring more strategic cooperative opportunities for information sharing, technological exchange and product research and development.

Eurex Exchange and China Futures Association sign cooperation agreement

On 2 December 2012, Eurex Exchange and the China Futures Association signed a cooperation agreement. Eurex is the first international exchange which has entered into a cooperation agreement with the leading Chinese futures association. In accordance with the Memorandum of Understanding, the two organizations are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments. They also aim to conduct joint cooperative research in order to further develop knowledge on domestic and global derivatives markets and to explore joint initiatives to create further value to the member firms of Eurex and CFA.

İMKB and NYSE Liffe to launch derivatives on Turkish stocks and İMKB 30 index

İMKB and NYSE Liffe, the European derivatives business of NYSE Euronext, have jointly launched futures and options contracts based on some of the constituents of the İMKB 30 index. The new contracts will be available for trading before the end of this year on İMKB and in the first quarter of 2013 on NYSE Liffe London market.


Singapore Exchange and Eurex to start market access linkage

The Singapore Exchange and Eurex will offer market access to their customers with their data center linkage available from January 2013. SGX and Eurex announced in March 2012 a partnership to deliver enhanced market access and cost efficiencies to members of both exchanges by linking their co-location centers. With the link, customers of each exchange can more easily access both markets by connecting their trading systems to either the SGX or Eurex and Deutsche Börse co-location data centers. Trade matching will still be executed at the respective home exchanges.

IT

Bursa Malaysia selects NASDAQ OMX’s X-Stream INET to power its future trading platform

Bursa Malaysia has selected NASDAQ OMX to power its securities market trading through NASDAQ OMX’s industry leading technology, X-Stream INET. The new platform will handle trading of equities, fixed-income, ETF, funds and issuer warrants for Bursa Malaysia. The deployment is scheduled during the first quarter of 2014.

Deutsche Börse improves connectivity to trading application for Asian traders

Deutsche Börse’s Market Data & Analytics is now offering direct connectivity to AlphaFlash Trader in a data center in Sydney. This significantly improves the speed of data transmission for AlphaFlash Trader clients in the Asia-Pacific region.

Eurex Exchange launches new derivatives trading system

On 3 December 2012, Eurex Exchange launched its advanced trading system. With the new trading system, participants of Eurex Exchange benefit from significantly better performance, more choice and enhanced functionalities. The roll-out started with 24 products. It will be followed by a product migration phase in a stepwise approach. Full roll-out is expected to conclude in May 2013.

NASDAQ OMX NLX selects TMX Atrium as connectivity supplier

NASDAQ OMX NLX, the new London interest-rate derivatives platform, has selected TMX Atrium, provider of infrastructure solutions for the financial community, to be one of its preferred connectivity suppliers. NLX will offer a range of both short- and long-term interest rate euro- and sterling-denominated listed derivatives products from the first quarter of 2013.

CBOE increases connectivity with move to Equinix

The Chicago Board Options Exchange is moving its CBOE Command trading engine platform to Equinix’s international business exchange data center in Secaucus, New Jersey. The move, which was completed on 3 December 2012, brings one of the fastest exchange platforms from Chicago to the New York area, eliminating distance latency, accelerating trading speed and allowing customers and partners inside the Equinix financial system in New York to connect directly to the CBOE Command platform. With this move, CBOE, CBOE Futures Exchange and One Chicago will join C2 Options Exchange and CBOE Stock Exchange at Equinix’s New York data center campus.

Deutsche Börse releases new version of Xetra

Deutsche Börse rolled out Xetra Release 13.0 on 26 November 2012. This new version allows investors to use the intelligent order type order-on-event for the first time. This allows a market or limit order to be linked to selected market events. The order is automatically triggered if the events occur. Initially, it will be possible to use the most important benchmark indices and the DAX and Bund future as reference values. Other new functional improvements include, among other things, the fact that Xetra Trade Entry allows OTC transactions to be recorded and automatically confirmed for defined counterparties by means of the automatic approval function.


NYSE Technologies expands network in Asia through access in Hong Kong

NYSE Technologies has expanded its Secure Financial Transaction Infrastructure (SFTI) in Asia with the introduction of two access centers located in Hong Kong. Customers have, for the first time, direct access to the SFTI network, allowing them to connect from Hong Kong to services offered by NYSE Technologies through SFTI, including access to Hong Kong Exchanges & Clearing, all major international trading venues, market data solutions, and the NYSE Euronext capital markets community.

Prague Stock Exchange adopts Deutsche Börse’s Xetra System

On 30 November 2012, the Prague Stock Exchange has implemented Deutsche Börse’s Xetra trading system for all electronic securities trading. The Prague Stock Exchange has been connected to the Xetra network via the Vienna Stock Exchange since 1999 for its cash markets.

Shanghai Futures Exchange launches electronic platform system for large trader report

On 7 November 2012, after a test run, the Shanghai Futures Exchange launched an electronic platform to optimize business process of large trader reports, facilitate their submission by members, realize paper-free and electronic business process for these reports.

Deutsche Börse launches first ETC on commodity basket excluding agriculture and livestock

On 29 November 2012, Deutsche Börse launched on Xetra the Ex-Agriculture and Livestock ETC. It enables investors to participate for the first time in the performance of a commodity basket excluding the agricultural and livestock sectors. The ETC tracks the performance of the commodity future from the energy, industrial metals and precious metals sectors.

Eurex to launch regional and emerging markets index derivatives

Eurex Exchange has signed a licensing agreement with the index provider MSCI. In the course of 2013, Eurex aims to launch derivatives on around 10 regional and 20 country indices. The offering will comprise the major regional indices for developed markets like the MSCI World and MSCI Europe indices and a broad coverage of emerging markets and the respective country indices, including the MSCI Emerging Markets and MSCI Frontier Markets indices. The new index derivatives will provide Eurex clients access to emerging markets, which become increasingly important for global investors.

Vienna Stock Exchange and Ljubljana Stock Exchange complete Xetra update

On 26 November 2012, the Vienna Stock Exchange unveiled an upgraded version of its system, XETRA 13.0. Along with exchanges in Vienna and Ljubljana, the new system was implemented in a concerted action throughout Europe involving all exchanges using Xetra. The functional enhancements include improved market transparency in the trading of structured products as well as the extension of maximum order validity to 360 days.

Warsaw Stock Exchange to launch new trading platform

The Warsaw Stock Exchange has set 15 April 2013 as the first day of operation of its new trading system UTP. The WSE’s decision was based on the dialogue and consultations with all participants of the complex process which will result in the transition of the Polish capital market to the new technology.

NEW PRODUCTS

CBOE Futures Exchange launches S&P 500 variance futures

On 10 December 2012, CBOE Futures Exchange launched trading in S&P 500 Variance futures contract. Like OTC variance swaps, it allows users to trade the difference between the implied and realized variance of the S&P 500 index. It is designed to offer benefits to both existing OTC users and to customers who have not traditionally participated in the OTC variance swap market.


Hong Kong Exchanges list ETFs tracking platinum and silver

On 28 November 2012, Hong Kong Exchanges and Clearing listed three precious metals-related ETFs, including the Exchange’s first silver and platinum ETFs: the Physical Gold ETF, the Physical Silver ETF and the Physical Platinum ETF are designed to track the London benchmark prices of the respective metals.

IntercontinentalExchange to launch new FX products

On 28 January 2013, IntercontinentalExchange will launch two new cash-settled foreign exchange futures contracts on ICE Futures US: the Indian rupee/USD and the Brazil real/USD. The Indian rupee futures contract offered by ICE will be the first US exchange futures contract on this currency.

ISE to launch mini options

On 18 March 2013, the International Securities Exchange will start trading in Mini Options, after having received Securities and Exchange Commission’s approval for this innovative new product offering. Mini options will represent a deliverable of 10 shares of an underlying security, whereas standard contracts represent a deliverable of 100 shares.

Johannesburg Stock Exchange lists first Namibian government bond

The Republic of Namibia listed its first Rand-denominated government bond on the Johannesburg Stock Exchange. With a ZAR 3 billion medium term note program approved, the first tranche is an issuance of ZAR 850 million.

Johannesburg Stock Exchange to launch Zambian grain contracts

The Johannesburg Stock Exchange has secured the approval from the South African Reserve Bank to offer trade in Zambian grain contracts traded and cleared in USD in collaboration with the Zambia Agricultural Commodities Exchange. The new products are aimed at being introduced by the end of the first quarter of 2013.

Luxembourg Stock Exchange lists first bonds from European Stability Mechanism

On 11 December 2012, three bonds from the European Stability Mechanism (ESM) were listed and admitted to trading on the Luxembourg Stock Exchange’s regulated market. The three bonds, floating rate notes for a total issue amount of EUR 30.5 billion, were the first notes under the ESM’s debt issuance program.

Tel-Aviv Stock Exchange to launch weekly options on TA-25 index

The Tel-Aviv Stock Exchange’s Board of Directors approved to launch weekly options and futures on the TA-25 index. The terms of weekly options will be identical to those of monthly options, with the exception that their lifetime is only one week. Trading in weekly options is expected to start towards the end of the second quarter of 2013.

Zhengzhou Commodity Exchange launches glass futures

On 3 December 2012, Zhengzhou Commodity Exchange launched glass futures.

NEW SERVICES

Abu Dhabi Securities Exchange adopts pre-closing session call auction

The Abu Dhabi Securities Exchange will implement a new mechanism to calculate the closing prices and its shift to a new free-float index. This move comes in the continuous efforts of ADX to develop its operations in accordance with the best international standards applied in the field. The new mechanism will go into effect starting 2013.

BM&FBOVESPA completes line of websites for mobile equipment

On 30 November 2012, BM&FBOVESPA launched the new version of its websites. With this launch, BM&FBOVESPA has completed its line of products aimed at mobile equipment. The Exchange now attends to all of the market’s significant platforms: iPhones, Android Smartphones, Blackberry Smartphones and Feature Phones.

CBOE Holdings transfers SPX from C2 to CBOE

CBOE Holdings will transfer its SPX product from the company’s all-electronic C2 Options Exchange to Chicago Board Options Exchange, where it will be traded on CBOE’s hybrid trading model which incorporates both electronic and open outcry trading. The transition will consolidate the company’s entire S&P 500 options product line on one exchange, CBOE.


CME, CBOT and KCBT members trade respective wheat derivatives

Following the acquisition of Kansas City Board of Trade by CME Group, CME, CBOT and KCBT members immediately benefit from the ability to trade each other’s wheat futures and options products in a more cost-effective manner on the CME Globex electronic trading platform. Following the integration of clearing services, customers will also benefit from cross-margining and other capital efficiencies.

Dubai Financial Market launches online disclosure solution

The Dubai Financial Market launched its sophisticated online disclosure solution ‘Efsah’ (the Arabic synonym of disclosure), a web-based application enabling listed companies to publish their disclosures swiftly and effectively.

İMKB launches equıty repo market

On 7 December 2012, İMKB launched the equity repo market under the Exchange’s debt securities market, with the aim of allowing execution of repo transactions on company shares within an organized market framework. Shares acquired through repo transactions will be delivered to the buyer for the duration of the contract. The shares of companies included in İMKB 30 index will be eligible to trading on the equity repo market.

Shenzhen Stock Exchange launches investors relation dedicated space on its website

In order to standardize the public companies’ activities on investors relation management, substantially protect the medium-and-small investors’ rights to acquire information equitably, and further boost the transparency of public companies, Shenzhen Stock Exchange recently launched the Investors Relation Column on the website of “Easy for Interaction”.

POST TRADE

Clearstream opens hedge fund processing center in Dublin

Clearstream has established a branch in Dublin to extend its post-trade offering in the area of investment funds to hedge funds. Clearstream’s Dublin branch will extend the company’s investment funds business to alternative funds and allow Clearstream to service the entire range of funds: mutual funds, ETFs and hedge funds.

NASDAQ OMX adds consumer demand data to its news service

The NASDAQ OMX Group now delivers US consumer demand index data through NASDAQ OMX Event-Driven Analytics, a provider of machine-readable economic news to financial institutions and trading firms. The US Consumer Demand Index predicts developments in American consumer spending several months in advance.

NYSE Euronext plans to launch pan-European project for SMEs

NYSE Euronext plans to launch a pan-European exchange especially for small and medium-sized companies, developed in consultation with all of the Group’s European markets. NYSE Euronext’s initiative will create an exchange dedicated to SMEs, consisting of a new subsidiary and the existing markets operated by NYSE Euronext in Europe; maintain NYSE Euronext’s existing federal business model; create a subsidiary dedicated to developing the SME market, with its own operating budget and team; assign an annual operating budget of EUR 18 million, revised annually, and a total staff of 50 to the project; make a major investment in prospecting and building relations with new issuers, in particular by hiring dedicated staff and by enhancing and redefining a regional presence; improve liquidity and market attractiveness; reduce listing and transfer fees for SMEs; and create a dedicated brand to give the new exchange a strong and recognizable identity.


CME Group launches CME repository service

Once regulatory approval received, CME Group launched the CME Repository Service as a swap data repository for credit default swaps, interest rate swaps, commodities and foreign exchange asset classes. Market participants will be able to direct swap trades to the CME Repository by using existing CME interfaces and third party connectivity points, thereby maximizing efficiencies and avoiding the additional cost associated with establishing connectivity to other swap data repositories.

CME Clearing Europe expands metals offering with two iron ore contracts

CME Clearing Europe has added two new OTC iron ore contracts for clearing: Iron Ore 62% CFR China Calendar Swaps and Iron Ore 62% CFR China Average Price Options beginning 10 December 2012 subject to regulatory approval. This expansion is intended to help customers manage their risk associated with China’s construction industry.

DTCC receives CFTC approval to add commodities to its swap data repository

The Depository Trust & Clearing Corporation announced that the Commodity Futures Trading Commission has approved a request by DTCC Data Repository to amend its multi-asset class swap data repository in the US to include commodity derivatives. The CFTC granted provisional registration to DTCC to operate a US swap data repository for OTC credit, equity, interest rate and foreign exchange derivatives.

Eurex Clearing launches EurexOTC Clear for interest rate swaps

On 13 November 2012, Eurex Clearing launched EurexOTC Clear for Interest Rate Swaps. The new OTC clearing service is designed for the needs of clients focusing on safety and efficiency. Eurex Clearing’s segregation solution – the so-called Individual Clearing Model –offers the strongest protection and portability with full individual segregation of positions and customer collateral. At the same time, the service will deliver capital efficiencies to promote cost efficient compliance with the new regulatory requirements based on a variety of factors including a cross-product service portfolio, a broad eligible collateral spectrum and Eurex Clearing Prisma, the planned portfolio risk management across listed and OTC derivatives

LCH.Clearnet to extend interest rate swap clearing service to Australian banks

LCH.Clearnet Group will extend its clearing business for OTC interest rate instruments to Australian banks. It will apply for an Australian clearing and settlement facility licence that would enable it to offer its LCH.Clearnet’s SwapClear OTC interest rate swap clearing to Australian banks.

NYSE Euronext’s Interbolsa becomes Portuguese treasury bills CSD

Interbolsa, a subsidiary of NYSE Euronext and the Central Securities Depository for the Portuguese market, has become the official CSD for Portuguese treasury bills. Interbolsa will be responsible for ensuring not only the registration and control of the Treasury Bills but also the settlement of transactions.

NYSE Liffe expands Bclear service to include fixed-income products

NYSE Liffe, the European derivatives business of NYSE Euronext, expanded Bclear, the Exchange’s trade confirmation, administration and clearing service, with the introduction of fixed-income products. The new contracts available through Bclear will be Three Month Euro (Euribor) Futures, Three Month Sterling (Short Sterling) Futures and Long Gilt Futures.


Singapore Exchange completes OTC portfolio compression service

Singapore Exchange has completed its first compression of cleared Singapore dollar interest rate swaps held by clearing members. Portfolio compression involves the elimination of trades whilst keeping the market exposure of the clearing member almost unchanged. This reduces the quantum of outstanding positions of participating members in terms of number and notional size of cleared trades, thereby enhancing operational efficiency for members.

REGUlATION

Bursa Malaysia strengthens issuers’ board quality and enhances transparency of CG practices

Bursa Malaysia has amended its listing requirements to strengthen and enhance corporate governance practices of listed issuers. The main amendments made are in the following areas: aligning disclosure of corporate governance statements; limiting the number of directorships in listed issuers from 10 to 5; mandating the establishment of a nominating committee and requiring disclosure of its activities; and enhancing disclosures in annual reports in relation to directors’ training.

Shenzhen Stock Exchange releases rules for bond trading

The Shenzhen Stock Exchange has recently promulgated the implementation rules for bond trading, marking a historic milestone in the development of Shenzhen bond market. The implementation rules are an important measure aimed at enhancing efficiency and laying a solid foundation for the development in the bond market.

Stock Exchange of Thailand revises good corporate principles

The Stock Exchange of Thailand has revised its “Principles of good corporate governance for listed companies 2006” to be in line with the ASEAN CG Scorecard, thus upgrading the CG standards of listed companies to be ready for the ASEAN Economic Community.

Warsaw Stock Exchange amends best practice for listed companies

On 21 November 2012, the Supervisory Board of the Warsaw Stock Exchange approved amendments of the Code of Best Practice for WSE listed companies. The amendments mainly concern organization of electronic general meetings by exchange-listed companies.

Dalian Commodity Exchange amends delivery rules

The Dalian Commodity Exchange amended its delivery rules, including the delivery matching principle, the circulation of special-purpose VAT invoice and the handling of failure to deliver invoices on time prescribed in “Detailed Delivery Rules of Dalian Commodity Exchange” and “Detailed Clearing Rules of Dalian Commodity Exchange”. These came into effect as of 3 December 2012.

IOSCO issues new rules on securitization

The International Organization of Securities Organizations has released some recommendations aimed at ensuring that securitization markets develop on a sound and sustainable basis. The recommendations, contained in the global body’s final report on Global Developments in Securitization Regulation, would ensure that securitization becomes more valuable financing tool that contributes to economic growth and the efficient diversification of risk.

Shanghai Stock Exchange releases rule on abnormal stock trading

The Shanghai Stock Exchange has recently released the “Notice of Strengthening Regulation on Abnormal Stock Trading Related to Significant Assets Reorganization of Listed Companies”, which took effect on 17 December 2012.


OTHER

ASEA holds its annual meeting

On 2 December 2012, the African Securities Exchange Association (ASEA) held its 16th annual general meeting, hosted by Egyptian Exchange. During the meeting Various initiatives were presented: revisions and amendments to ASEA internal rules, the election of the Executive Committee, a tow-year plan to be developed by the ASEA secretariat, the launch of a new website and benchmark indices with FTSE.

FESE re-elects its President and Vice President

On 29 November 2012, the General Assembly of the Federation of European Securities Exchanges (FESE) re-elected Hans-Ole Jochumsen, President of NASDAQ OMX Nordic as FESE President and Deirdre Somers, CEO of the Irish Stock Exchange re-elected as FESE Vice President for an additional year.

FIAB launches “Sao Paulo Declaration”

The Ibero-American Federation of Exchanges (FIAB) organized in Sao Paulo a seminar on “Exchanges and the Market Popularization Initiatives for Retail”, aimed at discussing ways to attract more participants such as investors, issuers and intermediaries,

among other publics. At the end of the meeting, the “Sao Paulo Declaration” was announced. It seeks to draw the region’s exchanges closer through a collaborative network. Over the next few months, FIAB will consider related joint work possibilities, including the creation of a financial education network and the organization of regional seminars seeking to grant greater consistency in sharing the experiences that facilitate promotion of the Federation’s markets and the broad participation of investors and companies in the development of the Ibero-American economy.

Hong Kong Exchanges signs MoU with Shaanxi Financial Affairs Office

Hong Kong Exchanges and Clearing and the Chinese Shaanxi Province Financial Affairs Office signed a Memorandum of Understanding on cooperation and exchange of information.

Irish Stock Exchange monitors debt securitization standards in Europe

The Irish Stock Exchange has been appointed to a key role in a new European initiative designed to provide the benchmark standard for the asset backed securities market. The new initiative is led by an organization called Prime Collateralized Securities, an industry-led, non-profit initiative set up to develop a label for high quality securitizations.

NASDAQ OMX joins United Nations Global Compact

The NASDAQ OMX Group has joined the United Nations Global Compact, becoming the first US exchange to join this program. Launched in 2000, the United Nations Global Compact is both a policy platform and a practical framework for companies committed to sustainability and responsible business practices.


WFE MARKET STATISTICS


CONTENTS

24 KEY MARKET INDICATORS - NOVEMBER 2012

26 EqUITY26 Domestic market capitalization 28 Number of listed companies 30 Value of share trading 30 Electronic order book value32 Electronic order book (current month &YTD)34 Negotiated deals35 Reported trades36 Number of trades in shares 36 Electronic order book trades38 Negotiated deals40 Reported trades41 Share turnover velocity 42 Broad stock index performance 44 Blue chip index performance

46 FIxED INCOME 46 Total value of bond trading 48 Value of bond trading 48 Split by sectors50 Electronic order book trades51 Negotiated deals52 Number of trades in bonds 52 Total number of trades in bonds54 Electronic order book trades56 Negotiated deals58 Investment flows - Capital raised by bonds issuance

60 DERIVATIVES 60 Single stock, stock index, bond options and futures 60 Single stock options and futures62 Stock index options and futures64 ETFs options and futures 66 Interest rate options and futures 68 Commodities options and futures

SPECIAL NOTE: As of January 2010, the share trading value and the number of trades in equity shares experienced some changes in their presentation.

Share trading value and equity trades are now presented in three categories (electronic order book, negotiated deals and reported trades).

Following the recommendation of the WFE Statistics Advisory Group, the WFE Working Committee decided that the “total traded value” table, which mixed various kinds of trading activity should be deleted.

Powered by IFS - the LiquidMetrix providerwww.if5.com


KEY MARKET INDICATORS - NOVEMBER 2012Market capitalization

Nov 2012 (USD bn)

% change / Dec 2011

% change / Oct 2012

% change / Nov 2011

Americas 22 295 13.8% -1.1% 16.7%

Asia - Pacific 15 981 8.9% 0.2% 7.8%

Europe - Africa - Middle East 14 181 9.6% 1.5% 6.7%

Total WFE * 52 457 11.1% 0.0% 11.1%

Share turnover value (month-on-month) Electronic Order Book Nov 2012 (USD bn)

% change / Nov 2011

Americas 2 005 -19.8%

Asia - Pacific 1 048 -18.1%

Europe - Africa - Middle East 656 -22.3%

Total WFE * 3 709 -19.8%

Share turnover value (12 last months) Electronic Order Book Jan 2012 - Nov 2012

(USD bn)% change /

Jan 2011 - Nov 2011

Americas 23 757 -24.1%

Asia - Pacific 13 036 -22.2%

Europe - Africa - Middle East 8 370 -25.6%

Total WFE * 45 163 -23.9%

Number of share trades (month-on-month) Electronic Order Book Nov 2012

(thousands)% change / Nov 2011

Americas 241 803 -24.3%

Asia - Pacific 427 713 -17.1%


Total WFE * 738 355 -20.8%

Number of share trades (12 last months) Electronic Order Book Jan 2012 - Nov 2012

(thousands)% change /

Jan 2011 - Nov 2011 Americas 2 832 541 -25.3%

Asia - Pacific 5 334 026 -8.2%


Total WFE * 9 070 133 -14.7%

Derivative markets (month-on-month)* Number of contracts traded (in bn)

Nov 2012% change / Nov 2011

Single stock options 316 0.3%

Single stock futures 85 2.8%

Stock index options 226 -55.3%

Stock index futures 156 -26.4%

ETF options 115 -11.4%

IR options 32 -44.4%

IR futures 154 -27.2%

Derivative markets (Year-To-Date)* Number of contracts traded (in bn)

Jan 2012 - Nov 2012 % change /

Jan 2011 - Nov 2011

Single stock options 3 561 -1.9%

Single stock futures 944 -7.5%

Stock index options 3 524 -34.9%

Stock index futures 1 914 -15.7%

ETF options 1 210 -21.8%

IR options 509 -19.9%

IR futures 2 096 -17.1%

Index performance **Nov 2012 / Oct 2012

in local currencyNov 2012 / Oct 2012

in USD

Americas 0.4% 0.2%

Asia - Pacific 0.5% -0.2%

Europe - Africa - Middle East 1.9% 2.0%

Total WFE 0.9% 0.7%

* Data and % changes have been calculated on a same scope basis. Thus they could be slighlty different from data in the tables.

** Regional indexes are weighted by market capitalization


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MONTHlY DOMESTIC MARKET CAPITAlIZATION

MONTHlY DOMESTIC & FOREIGN SHARE TRADING VAlUEELECTRONIC ORDER BOOK (EOB)

Americas Asia - Pacific Europe - Africa - Middle East WFE Total


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N-12O-12S-12A-12J-12J-12M-12A-12M-12F-12J-12D-11N-11O-11S-11A-11J-11J-11A-11 M-11M-11F-11J-11D-10N-10O-10J-10 M-10 S-10A-10J-10J-10A-10M-10F-10

AVERAGE VAlUE OF EOB TRADES (WEIGHTED BY SHARE TRADING VALUE)

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EqUITY

Exchange 2012

January February March April May

AMERICASBermuda SE 1 403.1 1 477.8 1 399.0 1 506.9 1 460.4

BM&FBOVESPA 1 393 769.0 1 480 840.6 1 400 999.2 1 303 733.8 1 124 349.1

Buenos Aires SE 45 652.8 40 710.9 42 110.8 31 335.3 31 411.4

Colombia SE 222 040.0 243 830.2 245 076.2 258 491.1 234 209.2

Lima SE 86 825.9 90 238.9 95 603.5 94 991.8 89 910.0

Mexican Exchange 441 410.2 451 008.3 468 158.3 458 862.9 404 071.6

NASDAQ OMX 4 152 813.9 4 372 481.8 4 540 577.2 4 504 386.7 4 231 361.5

NYSE Euronext (US) 12 625 648.2 12 809 263.6 13 358 346.5 13 508 450.7 12 579 117.1

Santiago SE 290 370.5 316 462.3 316 910.8 315 488.2 276 330.2

TMX Group 2 014 474.2 2 112 493.9 2 033 828.9 2 040 210.0 1 820 643.6

Total region 21 274 407.7 21 918 808.2 22 503 010.3 22 517 457.3 20 792 864.2

ASIA - PACIFICAustralian SE 1 303 806.6 1 350 342.5 1 306 479.9 1 326 443.9 1 141 292.9

BSE India 1 225 472.2 1 297 020.5 1 219 931.5 1 171 798.2 1 035 911.9

Bursa Malaysia 431 092.9 438 260.7 431 953.4 429 940.0 406 243.4

Colombo SE 18 297.9 16 416.6 15 694.9 15 561.4 13 692.6

GreTai Securities Market 53 260.4 60 838.7 58 687.9 56 552.9 56 524.6

Hong Kong Exchanges 2 480 178.0 2 675 217.9 2 547 053.9 2 607 871.0 2 320 225.3

Indonesia SE 407 711.9 416 237.9 424 053.2 428 325.6 385 109.4

Korea Exchange 1 091 504.6 1 143 055.5 1 119 494.8 1 100 859.1 982 838.5

National Stock Exchange India 1 200 736.0 1 271 832.4 1 196 686.1 1 149 764.3 1 014 209.5

Osaka SE 221 747.6 224 873.5 227 776.5 225 111.2 207 285.7

Philippine SE 175 886.2 183 675.0 191 050.4 203 439.7 192 894.9

Shanghai SE 2 457 334.1 2 617 954.9 2 460 183.4 2 605 477.9 2 559 194.2

Shenzhen SE 1 044 596.3 1 176 543.0 1 107 693.8 1 169 013.1 1 198 193.8

Singapore Exchange 665 734.3 690 026.5 692 591.7 696 092.3 637 994.9

Taiwan SE Corp. 691 446.6 752 353.0 733 249.1 701 172.7 668 137.3

The Stock Exchange of Thailand 289 752.2 317 045.9 321 688.9 331 076.9 298 961.8

Tokyo SE Group 3 468 875.6 3 602 512.0 3 625 480.7 3 533 596.7 3 225 443.0

Total region 15 804 949.8 16 737 500.5 16 255 287.6 16 377 221.2 15 122 658.5

EUROPE - AFRICA - MIDDlE EASTAmman SE 26 003.7 26 536.7 27 411.3 27 284.9 25 966.5

Athens Exchange 39 048.4 37 706.2 36 905.7 35 047.0 25 770.3

BME Spanish Exchanges 1 096 201.2 1 109 750.9 1 044 883.1 950 062.4 779 906.0

Budapest SE 22 287.7 23 595.9 22 316.4 22 315.5 17 019.6

Casablanca SE 61 470.6 63 344.7 60 628.6 57 096.6 53 608.3

Cyprus SE 4 013.6 3 464.6 3 090.0 2 984.5 2 210.4

Deutsche Börse 1 303 589.5 1 393 399.1 1 400 030.3 1 374 440.4 1 197 814.1

Egyptian Exchange 57 182.6 64 132.1 60 187.8 58 502.5 55 943.4

İMKB 232 691.4 248 956.9 252 373.9 250 847.1 214 692.8

Irish SE 118 352.2 160 581.0 135 349.3 123 538.2 105 254.6

Johannesburg SE 852 284.7 911 786.2 870 964.9 884 145.1 774 428.0

Ljubljana SE 6 322.8 6 257.2 6 554.4 6 366.8 5 374.6

London SE Group 3 397 125.8 3 592 114.3 3 505 651.1 3 567 379.3 3 105 466.9

Luxembourg SE 70 766.4 73 493.0 71 357.7 67 508.1 57 695.2

Malta SE 3 418.6 2 433.6 3 337.9 3 346.5 3 198.4

Mauritius SE 7 651.9 7 564.1 7 612.3 7 569.3 7 612.4

MICEX / RTS 877 190.1 954 118.3 906 229.1 879 852.6 695 394.6

NASDAQ OMX Nordic Exchange 904 773.8 991 650.3 968 939.3 954 281.0 806 995.8

NYSE Euronext (Europe) 2 561 963.6 2 722 319.4 2 710 311.6 2 592 161.5 2 282 815.3

Oslo Børs 229 515.8 261 533.9 251 474.8 244 896.9 205 451.5

Saudi Stock Exchange - Tadawul 347 489.8 380 179.2 410 507.5 394 996.7 365 725.8

SIX Swiss Exchange 1 122 741.3 1 174 809.0 1 190 215.2 1 163 041.6 1 036 176.4

Tel-Aviv SE 167 869.2 162 197.9 168 328.2 170 358.7 150 984.3

Warsaw SE 158 617.5 169 334.0 166 854.5 161 606.1 133 754.2

Wiener Börse 93 291.4 100 079.1 98 797.1 96 289.2 81 835.2

Total region 13 761 863.8 14 641 337.8 14 380 312.1 14 095 918.7 12 191 094.6

WFE Total 50 841 221.3 53 297 646.6 53 138 610.0 52 990 597.1 48 106 617.3

DOMESTIC MARKET CAPITAlIZATION (USD MIllIONS)

Notes:Johannesburg SE: figures include the market capitalization of all listed companies, but exclude listed warrants, convertibles and investment fundsKorea Exchange: includes Kosdaq market dataMauritius SE: From Aug. 2006, data includes Development & Enterprise MarketNASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

Singapore Exchange: market capitalization includes domestic listings and a substantial number of foreign listings, defined as companies whose principal place of business is outside of Singapore. Inactive secondary foreign listings are excluded.TSX Group: also includes TSX Venture market capTotal excludes Osaka and National Stock Exchange of India to avoid double counting with Tokyo and Bombay SE respectivelySource: World Federation of Exchanges members

(Market value excludes investment funds)


2012 % change / Nov 11

(in USD)

% change / Nov 11

(in local cur)June July August September October November

1 472.9 1 468.0 1 464.3 1 458.6 1 074.7 1 268.0 -14.3% -14.3%

1 135 006.5 1 144 684.6 1 159 248.5 1 186 381.4 1 161 518.7 1 140 624.1 -9.2% 6.3%

31 173.8 30 210.7 31 286.5 31 162.8 29 125.5 29 214.9 -34.0% -25.6%

231 906.5 239 188.6 235 942.3 241 956.3 249 562.8 NA - -

89 987.2 91 111.3 89 419.5 96 658.0 97 029.5 96 847.7 24.4% 19.0%

453 316.0 467 689.1 459 913.4 490 268.2 496 091.3 504 222.4 21.4% 15.6%

4 474 770.0 4 486 682.5 4 705 283.6 4 801 522.1 4 526 336.6 4 576 855.0 18.7% 18.7%

13 027 883.4 13 150 137.1 13 338 395.1 13 728 189.7 13 624 774.9 13 613 345.3 21.2% 21.2%

294 767.8 302 243.8 299 037.5 307 396.4 308 204.9 298 038.9 9.0% 1.6%

1 860 187.7 1 910 351.6 1 987 348.9 2 289 803.9 2 044 429.3 2 034 211.5 4.2% 1.8%

21 600 471.9 21 823 767.3 22 307 339.6 23 174 797.3 22 538 148.3 22 294 627.8 15.5%

1 215 596.6 1 293 123.2 1 283 317.5 1 308 191.6 1 347 812.1 1 349 206.1 8.4% 6.7%

1 101 873.2 1 092 608.3 1 093 177.3 1 243 539.6 1 202 909.3 1 238 847.9 14.0% 18.8%

420 451.4 445 900.8 446 870.8 450 783.5 467 303.3 454 632.3 17.5% 12.4%

14 146.5 14 332.3 14 963.6 17 654.1 16 215.8 15 788.8 -18.9% -7.4%

56 064.5 54 122.2 55 922.0 59 639.1 53 365.4 56 586.5 - -

2 375 850.0 2 408 090.9 2 386 638.1 2 534 222.9 2 633 278.2 2 714 201.7 24.3% 23.8%

397 114.8 413 820.4 403 156.1 420 872.5 428 573.1 424 492.0 12.9% 18.9%

1 024 629.2 1 050 286.5 1 065 082.9 1 137 850.8 1 113 731.4 1 132 057.9 12.3% 6.4%

1 079 388.5 1 070 132.1 1 068 316.3 1 219 386.7 1 178 116.2 1 213 899.2 14.2% 19.0%

210 397.9 208 868.2 206 597.9 210 030.6 207 124.7 203 162.7 -4.8% 1.1%

204 800.5 211 278.0 206 330.0 217 248.4 222 649.3 227 605.8 41.6% 32.7%

2 410 873.5 2 282 492.7 2 240 669.4 2 307 163.7 2 313 934.4 2 219 896.8 -9.5% -11.6%

1 149 178.8 1 068 160.6 1 060 398.1 1 096 985.6 1 097 596.4 982 089.6 -16.8% -18.8%

664 634.1 707 834.2 708 977.3 735 240.5 741 439.6 746 147.7 34.1% 27.8%

668 600.0 663 965.4 679 534.5 723 982.8 676 713.9 719 904.5 16.7% 11.8%

307 528.1 317 809.0 326 783.5 352 434.4 356 978.0 364 274.0 38.2% 36.0%

3 384 874.5 3 315 348.3 3 295 655.4 3 342 282.0 3 275 392.9 3 334 918.8 1.5% 7.8%

15 396 215.7 15 339 172.9 15 267 476.5 15 948 091.6 15 947 893.2 15 980 650.3 7.4%

25 916.1 25 711.6 27 120.8 26 796.9 26 805.4 26 927.2 2.2% 2.0%

30 222.4 28 967.1 31 660.5 32 183.1 39 086.3 39 456.6 12.8% 16.8%

876 874.0 854 798.4 903 295.0 956 633.4 963 931.8 937 301.1 -11.6% -8.5%

19 495.0 19 541.5 19 806.6 21 447.7 22 423.9 21 571.4 2.9% -1.4%

53 979.1 51 429.5 52 895.0 51 412.0 52 497.8 53 843.3 -12.2% -9.6%

2 222.7 1 907.5 1 769.5 1 925.3 2 251.8 2 055.8 -26.3% -23.7%

1 212 467.1 1 236 923.6 1 285 450.1 1 346 090.9 1 391 916.9 1 428 806.0 13.2% 17.2%

56 261.6 56 158.5 60 702.9 66 756.2 64 637.4 55 701.3 5.8% 7.7%

248 494.8 255 595.9 263 119.2 261 962.1 277 804.5 280 985.3 30.0% 27.2%

111 231.7 97 446.3 99 845.0 106 995.0 104 525.7 107 266.6 0.1% 3.6%

829 480.3 843 727.3 833 969.1 849 138.4 835 465.3 842 302.8 5.3% 15.5%

5 344.3 5 097.3 5 183.5 5 952.2 6 021.2 5 927.0 -10.6% -7.4%

3 332 230.8 3 307 187.5 3 387 690.9 3 482 428.5 3 526 277.1 3 571 896.4 8.2% 12.0%

62 352.3 63 974.0 63 426.4 64 777.0 66 300.4 67 196.1 -2.5% 0.9%

3 277.1 3 268.4 3 347.4 3 463.0 3 629.3 3 567.7 -0.2% 3.3%

7 239.1 6 885.9 6 953.6 7 018.9 6 851.2 6 894.4 -11.2% -6.0%

740 052.4 759 734.0 754 269.0 798 433.0 766 500.3 779 390.2 - -

860 385.3 899 633.9 912 315.2 948 465.7 933 472.0 961 319.2 11.7% 15.7%

2 460 421.3 2 479 865.8 2 596 321.7 2 622 416.1 2 677 497.7 2 752 856.0 9.7% 13.5%

222 257.8 221 977.7 237 993.2 246 125.5 242 204.3 234 789.4 3.8% 1.9%

356 536.2 365 184.8 378 295.6 366 159.3 366 780.7 356 160.0 10.4% 10.4%

1 077 961.8 1 095 791.8 1 119 563.6 1 147 586.7 1 176 456.0 1 215 140.6 11.1% 13.1%

147 031.9 147 745.8 144 873.8 155 193.0 160 981.1 165 793.6 3.2% 4.6%

149 553.1 145 067.2 147 789.1 159 578.4 156 491.6 163 470.4 10.5% 4.6%

86 603.2 85 132.4 88 097.3 92 219.1 96 410.3 100 607.9 16.3% 20.3%

12 977 891.7 13 058 753.7 13 425 754.2 13 821 157.4 13 967 219.9 14 181 226.2 7.7%

49 974 579.3 50 221 693.9 51 000 570.2 52 944 046.3 52 453 261.3 52 456 504.3 10.9%


EqUITYNUMBER OF lISTED COMPANIES

Exchange 2012


Total Domestic co’s

Foreign co’s


Foreign co’s


Foreign co’s


Foreign co’s


Foreign co’s

AMERICAS

Bermuda SE 40 13 27 40 13 27 40 13 27 40 13 27 41 13 28

BM&FBOVESPA 372 365 7 372 363 9 372 363 9 373 363 10 370 360 10

Buenos Aires SE 105 99 6 105 99 6 105 99 6 105 99 6 105 99 6

Colombia SE 84 79 5 84 79 5 84 79 5 85 79 6 85 79 6

Lima SE 257 205 52 258 205 53 258 205 53 258 205 53 259 206 53

Mexican Exchange 133 128 5 133 128 5 133 128 5 134 129 5 134 129 5

NASDAQ OMX 2 669 2 375 294 2 666 2 374 292 2 665 2 368 297 2 658 2 363 295 2 653 2 361 292

NYSE Euronext (US) 2 308 1 786 522 2 315 1 791 524 2 325 1 798 527 2 334 1 809 525 2 340 1 817 523

Santiago SE 232 228 4 233 229 4 232 228 4 232 228 4 248 228 20

TMX Group 3 947 3 848 99 3 964 3 865 99 3 972 3 872 100 3 975 3 874 101 3 987 3 886 101

Total region 10 147 10 170 10 186 10 194 10 222

ASIA - PACIFIC

Australian SE 2 078 1 982 96 2 083 1 987 96 2 080 1 986 94 2 083 1 988 95 2 082 1 985 97

BSE India 5 115 5 115 NA 5 122 5 122 NA 5 133 5 133 NA 5 133 5 133 NA 5 140 5 140 NA

Bursa Malaysia 937 929 8 939 930 9 938 929 9 935 926 9 928 919 9

Colombo SE 276 276 NA 277 277 NA 278 278 NA 279 279 NA 281 281 NA

GreTai Securities Market 610 598 12 610 598 12 613 599 14 615 600 15 619 603 16

Hong Kong Exchanges 1 506 1 482 24 1 507 1 483 24 1 510 1 485 25 1 516 1 492 24 1 518 1 494 24

Indonesia SE 442 442 0 442 442 0 442 442 0 443 443 0 443 443 0

Korea Exchange 1 816 1 799 17 1 817 1 800 17 1 814 1 797 17 1 805 1 787 18 1 798 1 780 18

National Stock Exchange India 1 641 1 640 1 1 644 1 643 1 1 646 1 645 1 1 649 1 648 1 1 651 1 650 1

Osaka SE 1 227 1 226 1 1 222 1 221 1 1 212 1 211 1 1 212 1 211 1 1 207 1 206 1

Philippine SE 253 251 2 252 250 2 251 249 2 252 250 2 254 252 2

Shanghai SE 932 932 NA 934 934 NA 934 934 NA 938 938 NA 943 943 NA

Shenzhen SE 1 420 1 420 NA 1 430 1 430 NA 1 455 1 455 NA 1 465 1 465 NA 1 479 1 479 NA

Singapore Exchange 772 461 311 770 460 310 768 460 308 769 460 309 770 462 308

Taiwan SE Corp. 824 772 52 824 772 52 824 773 51 827 774 53 829 776 53

The Stock Exchange of Thailand 545 545 NA 546 546 NA 546 546 NA 545 545 NA 545 545 NA

Tokyo SE Group 2 288 2 277 11 2 288 2 277 11 2 288 2 277 11 2 287 2 276 11 2 289 2 278 11

Total region 22 682 22 707 22 732 22 753 22 776

EUROPE - AFRICA - MIDDlE EAST

Amman SE 248 248 0 248 248 0 248 248 0 247 247 0 247 247 NA

Athens Exchange 272 269 3 272 269 3 272 269 3 271 268 3 271 268 3

BME Spanish Exchanges 3 263 3 228 35 3 251 3 218 33 3 250 3 217 33 3 251 3 218 33 3 246 3 213 33

Budapest SE 53 51 2 53 51 2 53 51 2 52 51 1 53 52 1

Casablanca SE 77 76 1 77 76 1 77 76 1 77 76 1 77 76 1

Cyprus SE 106 106 0 106 106 0 106 106 0 106 106 0 106 106 0

Deutsche Börse 742 667 75 738 665 73 740 668 72 746 673 73 751 675 76

Egyptian Exchange 233 232 1 233 232 1 233 232 1 232 231 1 232 231 1

İMKB 264 263 1 265 264 1 265 264 1 265 264 1 267 266 1

Irish SE 54 47 7 54 47 7 53 46 7 52 45 7 51 44 7

Johannesburg SE 392 345 47 390 343 47 388 341 47 388 341 47 388 341 47

Ljubljana SE 65 65 0 65 65 0 64 64 0 64 64 0 63 63 0

London SE Group 2 864 2 269 595 2 857 2 260 597 2 845 2 252 593 2 842 2 252 590 2 836 2 245 591

Luxembourg SE 298 27 271 295 27 268 293 27 266 292 26 266 292 26 266

Malta SE 21 21 0 21 21 0 21 21 0 21 21 0 21 21 0

Mauritius SE 63 62 1 63 62 1 63 62 1 63 62 1 63 62 1

MICEX / RTS 325 324 1 324 323 1 324 323 1 324 323 1 324 323 1

NASDAQ OMX Nordic Exchange 771 741 30 770 740 30 766 737 29 761 732 29 758 729 29

NYSE Euronext (Europe) 1 110 966 144 1 109 966 143 1 106 964 142 1 109 967 142 1 107 967 140

Oslo Børs 238 194 44 237 193 44 235 191 44 234 190 44 231 187 44

Saudi Stock Exchange - Tadawul 150 150 NA 152 152 NA 152 152 NA 152 152 NA 153 153 NA

SIX Swiss Exchange 280 247 33 278 246 32 276 244 32 277 245 32 276 243 33

Tel-Aviv SE 583 566 17 579 562 17 576 559 17 574 557 17 573 555 18

Warsaw SE 784 764 20 793 773 20 799 779 20 808 787 21 817 796 21

Wiener Börse 104 87 17 104 87 17 103 87 16 100 87 13 100 87 13

Total region 13 360 13 334 13 308 13 308 13 303

WFE TOTAL 46 189 46 211 46 226 46 255 46 301

Notes: Deutsche Börse: Excluding the market segment “Freiverkehr” (unofficial regulated market)Korea Exchange: includes Kosdaq market dataLima SE: Includes 26 foreign companies with shares negotiated under a special modalityNASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

Singapore Exchange: Main Board & SesdaqTehran SE: Some 90 companies have been relegated to the “Unofficial Board” which is a “Temporary Board”TSX Group: includes companies listed on TSX VentureNA: Not availableSource: World Federation of Exchanges members


2012 % change Nov 11June July August September October November


Foreign co’s


Foreign co’s


Foreign co’s


Foreign co’s


Foreign co’s


Foreign co’s

43 13 30 47 13 34 48 13 35 47 13 34 49 13 36 52 13 39 26.8%

372 361 11 369 358 11 368 357 11 367 356 11 365 354 11 364 353 11 -2.9%

104 98 6 104 98 6 104 98 6 104 98 6 103 97 6 106 100 6 1.0%

85 79 6 85 79 6 85 79 6 85 79 6 85 79 6 NA NA NA -

261 207 54 262 208 54 265 210 55 269 212 57 272 214 58 274 215 59 8.7%

133 128 5 135 130 5 135 130 5 136 131 5 137 132 5 138 133 5 -71.0%

2 636 2 348 288 2 633 2 345 288 2 623 2 336 287 2 610 2 322 288 2 598 2 310 288 2 585 2 296 289 -3.9%

2 334 1 811 523 2 331 1 810 521 2 334 1 813 521 2 340 1 816 524 2 345 1 820 525 2 346 1 823 523 1.5%

249 229 20 249 229 20 249 229 20 248 228 20 246 226 20 245 225 20 -7.5%

3 989 3 889 100 3 970 3 871 99 3 977 3 878 99 3 978 3 881 97 3 964 3 867 97 3 974 3 878 96 0.6%

10 206 10 185 10 188 10 184 10 164 10 084 -4.4%

2 074 1 978 96 2 071 1 974 97 2 058 1 962 96 2 056 1 960 96 2 050 1 956 94 2 056 1 959 97 1.7%

5 141 5 141 NA 5 149 5 149 NA 5 157 5 157 NA 5 163 5 163 NA 5 174 5 174 NA 5 180 5 180 NA 1.5%

926 917 9 928 919 9 929 920 9 929 920 9 924 915 9 921 912 9 -2.4%

284 284 NA 285 285 NA 285 285 NA 287 287 NA 287 287 NA 287 287 NA 5.5%

622 606 16 623 607 16 622 606 16 627 610 17 627 610 17 630 613 17 -

1 519 1 432 87 1 531 1 444 87 1 533 1 445 88 1 533 1 445 88 1 536 1 448 88 1 540 1 452 88 4.3%

445 445 0 451 451 0 452 452 0 454 454 0 455 455 0 458 458 0 5.3%

1 795 1 777 18 1 797 1 779 18 1 796 1 778 18 1 791 1 775 16 1 787 1 771 16 1 785 1 769 16 -1.3%

1 648 1 647 1 1 652 1 651 1 1 652 1 651 1 1 657 1 656 1 1 660 1 659 1 1 661 1 660 1 1.7%

1 206 1 205 1 1 198 1 197 1 1 192 1 191 1 1 182 1 181 1 1 182 1 181 1 1 179 1 178 1 -4.4%

254 252 2 254 252 2 254 252 2 254 252 2 256 254 2 255 253 2 1.2%

945 945 NA 949 949 NA 952 952 NA 953 953 NA 954 954 NA 954 954 NA 2.7%

1 499 1 499 NA 1 514 1 514 NA 1 525 1 525 NA 1 536 1 536 NA 1 539 1 539 NA 1 540 1 540 NA 10.4%

769 461 308 774 464 310 775 469 306 774 468 306 780 472 308 777 471 306 0.5%

830 776 54 831 777 54 831 778 53 831 778 53 834 780 54 835 781 54 2.3%

545 545 NA 547 547 NA 548 548 NA 549 549 NA 551 551 NA 554 554 NA 2.0%

2 287 2 276 11 2 287 2 276 11 2 287 2 276 11 2 284 2 273 11 2 290 2 279 11 2 293 2 283 10 0.4%

22 789 22 841 22 848 22 860 22 886 22 905 1.6%

246 246 0 245 245 NA 245 245 NA 245 245 NA 243 243 NA 243 243 NA -2.0%

271 268 3 270 267 3 270 267 3 269 266 3 269 266 3 263 263 0 -3.3%

3 247 3 214 33 3 235 3 202 33 3 226 3 193 33 3 219 3 186 33 3 215 3 182 33 3 211 3 178 33 -1.9%

53 52 1 53 52 1 53 52 1 53 52 1 52 51 1 52 51 1 -3.7%

77 76 1 77 76 1 77 76 1 77 76 1 77 76 1 77 76 1 2.7%

105 105 0 104 104 0 103 103 0 103 103 0 103 103 0 101 101 0 -4.7%

769 685 84 768 686 82 762 680 82 764 682 82 761 679 82 758 676 82 1.6%

233 232 1 234 233 1 234 233 1 235 234 1 235 234 1 235 234 1 0.9%

267 266 1 267 266 1 271 270 1 270 269 1 271 270 1 271 270 1 2.7%

51 43 8 51 43 8 51 43 8 51 43 8 50 42 8 50 42 8 -9.1%

390 343 47 389 341 48 389 340 49 389 340 49 388 339 49 387 338 49 -2.3%

63 63 0 62 62 0 62 62 0 61 61 0 61 61 0 61 61 0 -9.0%

2 820 2 232 588 2 812 2 226 586 2 797 2 210 587 2 788 2 202 586 2 782 2 199 583 2 765 2 182 583 -4.4%

291 25 266 292 25 267 291 25 266 292 25 267 294 25 269 294 25 269 -1.3%

21 21 0 21 21 0 22 22 0 22 22 0 22 22 0 22 22 0 4.8%

63 62 1 62 61 1 62 61 1 61 60 1 61 60 1 61 60 1 -4.7%

324 323 1 323 322 1 302 301 1 297 296 1 294 293 1 294 293 1 -

756 728 28 755 727 28 752 724 28 751 723 28 753 725 28 751 723 28 -2.1%

1 105 965 140 1 101 961 140 1 096 958 138 1 089 952 137 1 081 945 136 1 076 940 136 -3.9%

232 187 45 231 186 45 229 184 45 229 184 45 230 185 45 228 184 44 -3.8%

155 155 NA 156 156 NA 156 156 NA 156 156 NA 157 157 NA 157 157 NA 5.4%

276 243 33 275 244 31 275 244 31 273 242 31 273 242 31 271 241 30 -3.6%

569 551 18 557 539 18 556 539 17 556 539 17 555 538 17 554 537 17 -7.8%

831 810 21 840 819 21 847 826 21 855 834 21 854 831 23 856 833 23 12.8%

100 87 13 99 86 13 99 86 13 99 86 13 100 86 14 99 85 14 -8.3%

13 315 13 279 13 227 13 204 13 181 13 137 -1.9%

46 310 46 305 46 263 46 248 46 231 46 126 -0.8%


EqUITYVAlUE OF SHARE TRADING - ElECTRONIC ORDER BOOK VAlUE OF SHARE TRADING (USD MIllIONS)

Exchange 2012

January February March April May June

AMERICASBermuda SE 3.3 5.1 1.1 1.7 1.4 1.5

BM&FBOVESPA 71 116.5 87 205.9 80 688.7 73 848.7 76 891.6 78 377.5

Buenos Aires SE 237.6 215.1 232.1 216.7 199.4 185.0

Colombia SE 3 234.6 4 772.3 4 383.8 3 442.6 4 042.8 3 345.0

Lima SE 310.8 385.1 464.3 323.1 370.3 275.3

Mexican Exchange 8 942.8 11 066.7 9 622.3 8 530.7 10 945.1 10 901.6

NASDAQ OMX 813 839.9 892 070.7 957 836.6 907 683.6 992 384.9 873 623.1

NYSE Euronext (US) 1 105 256.7 1 122 514.8 1 272 787.4 1 149 347.8 1 312 493.1 1 188 536.7

Santiago SE 4 505.1 3 619.9 4 090.2 3 050.8 3 577.4 5 659.8

TMX Group 114 634.7 118 437.3 136 836.4 97 241.5 101 747.1 103 254.0

Total region 2 122 082.0 2 240 293.0 2 466 942.8 2 243 687.2 2 502 653.0 2 264 159.6

ASIA - PACIFICAustralian SE 67 391.1 96 589.3 94 002.6 68 887.3 91 652.0 73 645.4

BSE India 10 279.2 14 272.0 11 882.7 7 996.1 7 409.8 7 895.3

Bursa Malaysia 10 283.6 13 292.2 12 090.9 9 405.7 9 759.4 9 697.9

Colombo SE 167.7 241.6 258.5 69.5 63.4 132.7

GreTai Securities Market 5 808.9 15 617.3 13 361.6 7 799.5 7 340.6 6 115.8

Hong Kong Exchanges 85 139.0 120 489.2 116 068.0 74 059.2 99 994.3 79 319.2

Indonesia SE 7 568.5 9 666.7 7 760.4 8 896.3 8 846.7 7 182.7

Korea Exchange 144 503.4 183 077.0 139 437.0 120 461.4 110 346.0 99 436.3

National Stock Exchange India 47 644.6 66 482.5 52 943.1 37 276.0 38 379.9 35 927.4

Osaka SE 12 052.5 13 719.3 14 712.1 11 839.4 11 990.6 10 878.5

Philippine SE 2 808.7 3 957.4 3 464.6 2 387.8 3 302.9 2 542.4

Shanghai SE 143 380.2 281 218.2 320 923.1 232 632.3 303 849.1 190 869.4

Shenzhen SE 119 353.3 251 928.0 289 448.7 191 340.9 244 665.6 185 458.3

Singapore Exchange 18 808.9 29 811.5 22 376.3 18 757.0 19 647.4 16 454.0

Taiwan SE Corp. 45 457.4 93 999.5 77 511.8 51 295.0 53 423.6 43 709.4

The Stock Exchange of Thailand 14 762.4 22 387.1 21 903.9 14 283.0 20 825.1 15 260.0

Tokyo SE Group 250 999.6 356 046.8 353 056.1 290 266.7 290 709.4 269 156.2

Total region 986 408.9 1 572 795.7 1 551 201.4 1 147 653.0 1 322 205.8 1 053 680.9

EUROPE - AFRICA - MIDDlE EASTAmman SE 203.5 278.9 318.9 324.1 208.1 186.0

Athens Exchange 1 329.8 2 220.2 1 363.6 627.3 1 082.0 1 267.9

BME Spanish Exchanges 87 495.0 59 195.6 76 917.9 82 371.7 84 824.0 72 568.5

Budapest SE 1 695.7 1 097.3 890.1 860.9 783.9 780.7

Casablanca SE 187.7 226.3 208.0 251.5 215.1 602.4

Cyprus SE 31.7 42.8 40.2 13.1 20.7 19.1

Deutsche Börse 119 370.5 120 805.8 135 689.0 114 948.5 105 366.0 101 930.3

Egyptian Exchange 962.8 2 025.0 1 823.1 1 162.2 1 163.9 843.5

İMKB 26 202.9 32 361.4 33 074.8 31 403.6 26 295.5 25 844.5

Irish SE 889.0 859.9 983.8 811.9 800.8 758.3

Johannesburg SE 27 574.2 31 928.4 33 187.5 26 022.8 27 772.2 29 858.1

Ljubljana SE 29.5 28.8 40.9 32.4 29.0 30.6

London SE Group 185 970.7 207 252.5 226 942.3 186 577.1 198 845.2 184 456.9

Luxembourg SE 11.7 11.3 13.7 7.8 11.9 19.1

Malta SE 2.7 2.1 4.7 3.3 5.2 3.0

Mauritius SE 15.6 18.4 14.8 20.2 34.7 19.1

MICEX / RTS 35 802.1 39 600.5 43 068.2 33 954.3 31 813.9 23 509.2

NASDAQ OMX Nordic Exchange 57 112.3 61 815.8 62 250.8 57 693.8 50 085.9 43 714.3

NYSE Euronext (Europe) 132 345.9 140 918.9 152 483.7 148 345.5 134 862.8 144 242.4

Oslo Børs 15 707.9 18 219.0 16 391.8 12 457.3 12 959.4 12 014.8

Saudi Stock Exchange - Tadawul 41 343.6 55 290.8 85 073.7 71 941.1 43 204.8 34 421.3

SIX Swiss Exchange 50 718.9 58 864.4 59 245.4 51 867.8 49 298.2 51 372.3

Tel-Aviv SE 4 973.8 3 978.8 4 393.2 3 225.4 5 016.0 3 847.8

Warsaw SE 5 349.8 5 827.8 6 248.7 4 000.5 4 094.0 4 596.3

Wiener Börse 2 362.6 2 534.6 2 474.5 1 977.1 2 184.1 1 673.0

Total region 797 689.9 845 405.4 943 143.2 830 901.4 780 977.3 738 579.3

WFE TOTAL 3 906 180.8 4 658 494.1 4 961 287.4 4 222 241.5 4 605 836.0 4 056 419.9

Notes: Korea Exchange: includes Kosdaq market dataNASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock ExchangesSingapore Exchange: Main Board, Sesdaq & Clob International

Due to different reporting rules & calculation methods, turnover figures are not entirely comparableNA: Not availableSource: World Federation of Exchanges members


2012 Year-to-date % change / Jan / Nov 11

(in USD)

% change / Jan / Nov 11 (in local cur)July August September October November

3.6 1.1 3.2 3.0 5.0 29.9 24.1% 24.1%

59 234.5 78 405.2 76 084.1 69 584.7 57 828.4 809 265.7 -6.3% 10.8%

162.3 168.3 135.4 134.4 108.3 1 994.6 -36.1% -30.2%

2 886.3 3 178.4 2 798.0 3 526.2 NA 35 609.8 4.6% 1.9%

265.9 392.1 263.7 345.3 465.0 3 861.0 -33.8% -36.8%

9 204.7 10 907.4 10 663.5 13 369.4 11 815.0 115 969.3 0.9% 8.2%

790 085.2 710 108.9 714 883.2 752 051.5 722 247.0 9 126 814.6 -23.6% -23.6%

1 079 934.5 1 011 400.4 1 027 319.8 1 058 447.3 1 090 578.1 12 418 616.5 -26.5% -26.5%

4 205.3 3 344.6 2 787.1 3 310.9 3 115.5 41 266.6 -18.2% -16.5%

89 847.2 108 332.5 131 542.7 118 939.0 118 504.4 1 239 316.8 -13.6% -12.2%

2 035 829.4 1 926 238.9 1 966 480.6 2 019 711.6 2 004 666.7 23 792 744.7 -24.1%

72 895.7 83 371.0 76 294.6 75 685.5 76 582.3 876 996.8 -22.1% -21.4%

7 874.2 7 547.5 8 367.5 9 267.7 8 488.5 101 280.5 -28.3% -17.6%

11 601.7 9 301.7 10 114.4 10 194.1 10 315.1 116 056.7 -9.3% -8.2%

67.6 100.8 258.8 113.3 108.5 1 582.4 -67.0% -61.9%

5 646.3 7 433.2 7 486.3 7 098.3 7 005.0 90 712.7 - -

74 984.6 83 104.2 88 497.5 91 511.2 99 338.9 1 012 505.4 -26.3% -26.5%

7 766.1 6 111.7 7 339.4 8 290.7 7 551.1 86 980.3 -15.8% -9.8%

111 703.7 118 775.2 140 597.8 128 821.3 124 799.6 1 421 958.8 -24.5% -22.7%

37 603.7 36 588.6 45 238.3 44 353.3 40 111.6 482 548.9 -12.8% -0.1%

9 836.6 9 367.8 9 275.6 12 620.8 13 069.7 129 363.0 -26.9% -27.1%

2 639.0 2 074.3 2 255.9 3 150.9 3 154.1 31 738.0 27.5% 24.8%

191 316.7 180 384.9 183 740.8 147 555.8 147 188.8 2 323 059.3 -33.5% -35.2%

199 401.8 196 913.7 184 229.8 143 916.1 132 544.9 2 139 200.9 -20.3% -22.3%

21 000.5 23 549.7 22 977.9 21 273.0 22 374.9 237 031.2 -13.1% -13.2%

47 208.2 54 893.4 57 442.5 46 765.5 51 304.1 623 010.5 -26.0% -25.4%

18 000.0 17 471.0 21 970.7 24 479.4 23 120.1 214 462.5 2.3% 4.1%

253 996.5 259 459.4 252 606.4 290 076.3 281 049.7 3 147 423.2 -15.7% -16.0%

1 073 542.7 1 096 448.1 1 118 694.1 1 065 173.3 1 048 106.9 13 035 911.0 -22.7%

193.8 143.9 197.1 207.4 210.8 2 472.5 -32.2% -32.2%

641.2 522.9 1 592.4 2 300.4 1 821.6 14 769.2 -44.4% -39.5%

81 081.1 40 286.5 59 193.1 87 281.7 51 051.9 782 266.9 -32.4% -26.0%

553.9 603.8 900.0 979.9 1 155.3 10 301.3 -43.3% -35.4%

132.2 102.4 162.5 256.0 144.5 2 488.5 -25.8% -20.6%

10.3 9.3 24.5 43.9 25.0 280.6 -39.5% -34.5%

100 228.2 91 142.4 109 211.6 102 499.2 98 613.6 1 199 805.1 -27.9% -21.2%

1 217.0 1 460.2 2 939.2 1 730.9 1 176.1 16 503.9 6.7% 9.1%

24 231.8 40 582.5 23 511.4 24 360.0 35 100.2 322 968.6 -18.0% -10.5%

714.1 662.2 740.4 657.2 736.3 8 613.9 6.5% 16.0%

25 491.3 25 688.0 31 655.1 27 339.9 26 977.9 313 495.5 -10.8% 1.8%

19.8 22.0 42.6 45.2 41.1 362.1 -31.1% -25.0%

162 969.2 152 494.6 196 978.0 187 431.6 167 662.9 2 057 581.1 -23.6% -16.5%

6.8 7.0 11.7 11.0 10.8 122.8 -8.3% 0.0%

2.9 2.5 3.5 5.4 4.6 39.8 -21.9% -15.0%

42.0 26.5 26.5 28.6 25.1 271.5 -45.1% -42.3%

22 778.2 21 760.8 26 369.6 21 673.7 19 615.9 319 946.6 - -

41 482.8 41 075.1 45 889.1 48 649.1 42 710.1 552 479.2 -29.5% -23.1%

132 867.0 112 952.2 133 064.5 132 674.6 115 666.5 1 480 423.9 -27.0% -20.2%

9 799.4 9 141.5 10 919.0 10 901.3 10 132.2 138 643.5 -40.5% -37.8%

36 289.0 27 279.8 34 131.5 23 392.8 26 195.7 478 564.0 84.1% 84.2%

44 014.8 40 557.3 47 358.3 48 236.4 46 544.2 548 077.9 -34.7% -30.3%

3 541.3 3 681.5 2 843.0 5 034.9 3 805.7 44 341.3 -42.6% -37.8%

4 644.3 4 451.5 4 700.1 5 069.9 4 712.3 53 695.1 -34.7% -27.3%

1 411.5 1 454.9 2 007.2 1 770.5 1 707.4 21 557.4 -46.6% -41.7%

694 363.9 616 111.2 734 471.8 732 581.4 655 847.8 8 370 072.4 -24.6%

3 803 736.1 3 638 798.2 3 819 646.5 3 817 466.2 3 708 621.3 45 198 728.2 -23.8%


EqUITYVAlUE OF SHARE TRADING - ElECTRONIC ORDER BOOK TRADES (USD MIllIONS)



Exchange November 2012

Total Domestic Foreign

AMERICASBermuda SE 5.0 3.5 1.6

BM&FBOVESPA 57 828.4 57 707.3 121.0

Buenos Aires SE 108.3 66.7 41.6

Lima SE 465.0 404.9 60.1

Mexican Exchange 11 815.0 11 212.9 602.1

NASDAQ OMX 722 247.0 667 362.0 54 884.8

NYSE Euronext (US) 1 090 578.1 1 012 850.0 77 730.4

Santiago SE 3 115.5 3 114.6 0.9

TMX Group 118 504.4 117 109.0 1 394.9

Total region 2 004 666.7

ASIA - PACIFICAustralian SE 76 582.3 73 728.6 2 853.8

BSE India 8 488.5 8 488.5 NA

Bursa Malaysia 10 315.1 10 278.8 36.3

Colombo SE 108.5 108.5 NA

GreTai Securities Market 7 005.0 6 513.8 491.2

Hong Kong Exchanges 99 338.9 94 761.7 4 577.2

Indonesia SE 7 551.1 7 551.1 0.0

Korea Exchange 124 799.6 124 542.0 257.7

National Stock Exchange India 40 111.6 40 111.6 NA

Osaka SE 13 069.7 13 066.5 3.2

Philippine SE 3 154.1 3 153.7 0.3

Shanghai SE 147 188.8 147 189.0 NA

Shenzhen SE 132 544.9 132 545.0 NA

Singapore Exchange 22 374.9 22 374.9 NA

Taiwan SE Corp. 51 304.1 47 749.6 3 554.5

The Stock Exchange of Thailand 23 120.1 23 120.1 NA

Tokyo SE Group 281 049.7 281 035.0 14.9


EUROPE - AFRICA - MIDDlE EASTAmman SE 210.8 210.8 NA

Athens Exchange 1 821.6 1 682.3 139.3

BME Spanish Exchanges 51 051.9 50 694.0 357.9

Budapest SE 1 155.3 1 155.3 0.0

Casablanca SE 144.5 142.7 1.8

Cyprus SE 25.0 25.0 0.0

Deutsche Börse 98 613.6 94 549.1 4 064.5

Egyptian Exchange 1 176.1 1 176.1 NA

İMKB 35 100.2 35 090.1 10.0

Irish SE 736.3 732.2 4.2

Johannesburg SE 26 977.9 18 536.1 8 441.9

Ljubljana SE 41.1 41.1 0.0

London SE Group 167 662.9 145 487.0 22 175.8

Luxembourg SE 10.8 9.4 1.4

Malta SE 4.6 4.6 0.0

Mauritius SE 25.1 25.1 0.0

MICEX / RTS 19 615.9 19 604.1 11.8

NASDAQ OMX Nordic Exchange 42 710.1 40 060.7 2 649.4

NYSE Euronext (Europe) 115 666.5 115 285.0 381.1

Oslo Børs 10 132.2 8 000.9 2 131.3

Saudi Stock Exchange - Tadawul 26 195.7 26 195.7 NA

SIX Swiss Exchange 46 544.2 46 252.6 291.6

Tel-Aviv SE 3 805.7 3 805.7 NA

Warsaw SE 4 712.3 4 671.4 40.8

Wiener Börse 1 707.4 1 696.3 11.1

Total region 655 847.8

WFE TOTAL 3 708 621.3


Trading days November 2012

Year-to-date Trading days YTD 2012

Total Domestic Foreign

22 29.9 25.3 4.6 224

19 809 265.7 806 437.0 2 829.0 228

20 1 994.6 1 433.3 561.3 223

21 3 861.0 2 978.7 882.4 231

20 115 969.3 108 601.0 7 368.7 230

21 9 126 814.6 8 387 950.0 738 866.0 230

21 12 418 616.5 11 429 400.0 989 201.0 230

20 41 266.6 41 245.5 21.1 228

22 1 239 316.8 1 226 910.0 12 409.4 232

23 757 134.9

22 876 996.8 847 618.0 29 378.6 234

20 101 280.5 101 281.0 NA 231

20 116 056.7 114 700.0 1 356.9 225

20 1 582.4 1 582.4 NA 223

22 90 712.7 87 366.8 3 346.0 229

22 1 012 505.4 986 229.0 26 276.5 228

20 86 980.3 86 980.3 0.0 228

22 1 421 958.8 1 418 180.0 3 779.9 230

21 482 548.9 482 549.0 0.0 232

21 129 363.0 129 330.0 32.7 229

19 31 738.0 31 735.6 2.4 226

22 2 323 059.3 2 323 060.0 NA 222

22 2 139 200.9 2 139 200.0 NA 222

21 237 031.2 237 031.0 NA 231

22 623 010.5 589 874.0 33 136.8 229

22 214 462.5 214 463.0 NA 227

21 3 147 423.2 3 147 280.0 146.8 226

13 035 911.0

20 2 472.5 2 472.5 0.0 211

22 14 769.2 13 691.9 1 077.3 231

22 782 266.9 776 856.0 5 411.1 237

20 10 301.3 10 295.8 5.5 229

20 2 488.5 2 469.1 19.4 230

22 280.6 280.6 0.0 229

22 1 199 805.1 1 153 370.0 46 431.1 237

20 16 503.9 16 503.9 NA 223

22 322 968.6 322 841.0 128.0 231

22 8 613.9 8 548.2 65.7 235

22 313 495.5 219 734.0 93 761.1 232

21 362.1 362.1 0.0 229

22 2 057 581.1 1 790 240.0 267 343.0 235

21 122.8 104.8 17.9 233

22 39.8 39.8 0.0 230

20 271.5 271.5 0.0 227

21 319 946.6 319 737.0 209.2 235

22 552 479.2 517 071.0 35 407.9 237

22 1 480 423.9 1 476 510.0 3 913.7 237

22 138 643.5 109 234.0 29 409.6 233

20 478 564.0 478 564.0 NA 228

22 548 077.9 545 034.0 3 044.3 233

21 44 341.3 44 341.3 NA 223

21 53 695.1 53 235.4 459.7 232

21 21 557.4 21 388.4 169.0 230

8 370 072.4

45 163 118.4


EqUITYVAlUE OF SHARE TRADING - NEGOTIATED DEAlS (USD MIllIONS)



Exchange November 2012 Trading days

Nov 2012

Year-to-date Trading days YTD

2012Total Domestic Foreign Total Domestic Foreign

AMERICASBermuda SE 0.0 NA NA 22 0.0 NA NA 224

BM&FBOVESPA 0.0 NA NA 19 0.0 NA NA 228

Buenos Aires SE 0.0 NA NA 20 0.0 0.0 0.0 223

Lima SE 82.8 60.5 22.3 21 830.9 616.4 214.5 231

Mexican Exchange 0.0 NA NA 20 0.0 NA NA 230

NASDAQ OMX 1 234 924.9 1 134 320.0 100 610.0 21 13 479 594.0 12 261 200.0 1 218 360.0 230

NYSE Euronext (US) 117 297.5 117 296.0 1.9 21 1 195 808.1 1 195 790.0 17.3 230

Santiago SE 0.0 NA NA 20 51.3 46.0 5.3 228

TMX Group 0.0 NA NA 22 0.0 NA NA 232

Total region 1 352 305.2 14 676 284.3

ASIA - PACIFICAustralian SE 12 223.5 11 754.9 468.6 22 138 848.2 134 604.0 4 243.9 234

BSE India 85.7 85.7 NA 20 1 342.3 1 342.3 NA 231

Bursa Malaysia 574.7 562.9 11.7 20 6 651.2 6 588.2 63.0 225

Colombo SE 0.0 NA NA 20 0.0 NA NA 223

GreTai Securities Market 21.9 17.3 4.6 22 263.1 257.5 5.6 229

Hong Kong Exchanges 0.0 NA NA 22 0.0 NA NA 228

Indonesia SE 2 632.5 2 632.5 0.0 20 21 703.4 21 703.4 0.0 228

Korea Exchange 1 478.7 1 478.0 0.7 22 18 769.3 18 664.5 104.8 230

National Stock Exchange India 0.0 NA NA 21 0.0 0.0 0.0 232

Osaka SE 788.2 788.2 NA 21 6 138.3 6 138.3 0.0 229

Philippine SE 380.5 380.5 NA 19 6 588.4 6 588.4 NA 226

Shanghai SE 766.3 766.3 NA 22 7 583.6 7 583.6 NA 222

Shenzhen SE 904.5 904.5 NA 22 10 089.2 10 089.2 NA 222

Singapore Exchange 0.0 NA NA 21 0.0 NA NA 231

Taiwan SE Corp. 800.4 764.4 36.0 22 8 456.6 7 523.6 933.0 229

The Stock Exchange of Thailand 2 071.0 2 071.0 NA 22 11 798.7 11 798.7 NA 227

Tokyo SE Group 36 512.4 36 512.4 0.0 21 370 590.1 370 589.0 0.6 226

Total region 59 240.5 608 822.3

EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 0.0 0.0 20 49.8 49.8 0.0 211

Athens Exchange 21.9 21.8 0.1 22 691.4 690.5 0.9 231

BME Spanish Exchanges 15 797.2 15 797.2 0.0 22 183 791.7 183 792.0 0.0 237

Budapest SE 0.1 0.1 0.0 20 11.9 11.9 0.0 229

Casablanca SE 3.4 3.4 0.0 20 1 570.8 1 570.8 0.0 230

Cyprus SE 2.3 2.3 0.0 22 5.9 5.9 0.0 229

Deutsche Börse 1 969.8 1 829.2 140.6 22 25 093.1 24 055.4 1 037.8 237

Egyptian Exchange 2.3 2.3 NA 20 3 251.7 3 251.7 NA 223

İMKB 2 549.1 2 549.1 0.0 22 4 686.9 4 686.9 0.0 231

Irish SE 1 678.9 1 651.4 27.5 22 13 698.8 13 463.0 235.8 235

Johannesburg SE 6 359.2 4 701.0 1 658.2 22 80 075.4 63 028.6 17 046.8 232

Ljubljana SE 0.0 0.0 0.0 21 0.0 0.0 0.0 229

London SE Group 48 063.5 29 669.7 18 393.8 22 612 512.0 331 638.0 280 874.0 235

Luxembourg SE 0.0 0.0 0.0 21 0.0 0.0 0.0 233

Malta SE 0.0 0.0 0.0 22 0.0 0.0 0.0 230

Mauritius SE 0.0 NA NA 20 0.0 NA NA 227

MICEX / RTS 2 807.1 2 805.7 1.4 21 33 169.1 33 107.2 61.9 235

NASDAQ OMX Nordic Exchange 4 096.5 3 977.1 119.4 22 44 500.8 42 507.3 1 993.5 237

NYSE Euronext (Europe) 3 689.7 3 689.7 0.0 22 56 432.9 56 347.7 85.1 237

Oslo Børs 940.7 609.3 331.4 22 16 211.8 12 289.8 3 922.0 233

Saudi Stock Exchange - Tadawul 116.2 116.2 NA 20 2 813.6 2 813.6 NA 228

SIX Swiss Exchange 206.9 206.9 0.0 22 4 470.0 4 456.9 13.2 233

Tel-Aviv SE 255.0 255.0 NA 21 4 757.7 4 757.7 NA 223

Warsaw SE 191.3 190.4 0.9 21 5 973.6 5 965.2 8.5 232

Wiener Börse 0.0 0.0 0.0 21 0.0 0.0 0.0 230

Total region 88 751.1 1 093 769.0

WFE TOTAL 1 500 296.7 16 378 875.6


Exchange November 2012 Trading days

Nov 2012

Year-to-date Trading days YTD

2012Total Domestic Foreign Total Domestic Foreign

AMERICASBermuda SE 0.0 NA NA 22 0.0 NA NA 224

BM&FBOVESPA 0.0 NA NA 19 0.0 NA NA 228

Buenos Aires SE 0.0 NA NA 20 0.0 0.0 0.0 223

Lima SE 0.0 0.0 0.0 21 0.0 0.0 0.0 231

Mexican Exchange 0.0 NA NA 20 0.0 NA NA 230

NASDAQ OMX 0.0 NA NA 21 0.0 NA NA 230

NYSE Euronext (US) 0.0 NA NA 21 0.0 NA NA 230

Santiago SE 0.0 NA NA 20 0.0 NA NA 228

TMX Group 0.0 NA NA 22 0.0 NA NA 232

Total region 0.0 0.0

ASIA - PACIFICAustralian SE 0.0 NA NA 22 0.0 NA NA 234

BSE India 0.0 NA NA 20 0.0 NA NA 231

Bursa Malaysia 0.0 0.0 0.0 20 0.0 0.0 0.0 225

Colombo SE 0.0 NA NA 20 0.0 NA NA 223

GreTai Securities Market 0.0 0.0 0.0 22 0.0 0.0 0.0 229

Hong Kong Exchanges 9 897.6 9 271.4 626.2 22 104 525.0 99 472.7 5 052.6 228

Indonesia SE 0.0 0.0 0.0 20 0.0 0.0 0.0 228

Korea Exchange 0.0 NA NA 22 0.0 NA NA 230

National Stock Exchange India 0.0 NA NA 21 0.0 0.0 0.0 232

Osaka SE 0.0 NA NA 21 0.0 NA NA 229

Philippine SE 0.0 NA NA 19 0.0 NA NA 226

Shanghai SE 0.0 NA NA 22 0.0 NA NA 222

Shenzhen SE 0.0 NA NA 22 0.0 NA NA 222

Singapore Exchange 0.0 NA NA 21 0.0 NA NA 231

Taiwan SE Corp. 0.0 NA NA 22 0.0 NA NA 229

The Stock Exchange of Thailand 0.0 NA NA 22 0.0 NA NA 227

Tokyo SE Group 0.0 NA NA 21 0.0 NA NA 226

Total region 9 897.6 104 525.0

EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 NA NA 0.0 0.0 0.0 211

Athens Exchange 0.0 0.0 0.0 22 0.0 0.0 0.0 231

BME Spanish Exchanges 0.0 0.0 0.0 22 0.0 0.0 0.0 237

Budapest SE 0.0 0.0 0.0 20 40.5 39.1 1.4 229

Casablanca SE 0.0 NA NA 20 0.0 NA NA 230

Cyprus SE 0.0 0.0 0.0 22 0.0 0.0 0.0 229

Deutsche Börse 3 425.7 2 498.4 927.3 22 87 146.7 56 908.1 30 238.6 237

Egyptian Exchange 203.1 203.1 NA 20 2 548.3 2 548.3 NA 223

İMKB 0.2 0.2 NA 22 2.8 2.8 NA 231

Irish SE 0.0 0.0 0.0 22 9.2 0.0 9.2 235

Johannesburg SE 0.0 NA NA 22 0.0 NA NA 232

Ljubljana SE 0.0 0.0 0.0 21 42.9 42.9 0.0 229

London SE Group 41 832.5 13 870.5 27 962.0 22 651 676.0 143 127.0 508 549.0 235

Luxembourg SE 0.0 0.0 0.0 21 0.0 0.0 0.0 233

Malta SE 0.0 0.0 0.0 22 0.0 0.0 0.0 230

Mauritius SE 0.0 NA NA 20 0.0 NA NA 227

MICEX / RTS 19 968.9 19 964.8 4.2 21 292 781.0 292 761.0 19.5 235

NASDAQ OMX Nordic Exchange 645.1 637.3 7.8 22 9 113.2 8 981.6 131.6 237

NYSE Euronext (Europe) 52 693.5 21 126.3 31 567.2 22 1 332 880.0 666 294.0 666 588.0 237

Oslo Børs 27.5 20.7 6.9 22 188.6 165.7 22.9 233

Saudi Stock Exchange - Tadawul 0.0 NA NA 20 0.0 NA NA 228

SIX Swiss Exchange 3 741.4 3 695.0 46.4 22 39 306.1 38 528.4 777.7 233

Tel-Aviv SE 0.0 NA NA 21 0.0 NA NA 223

Warsaw SE 0.0 0.0 0.0 21 0.0 0.0 0.0 232

Wiener Börse 0.0 0.0 0.0 21 0.0 0.0 0.0 230

Total region 122 538.0 2 415 740.0

WFE TOTAL 132 435.0 2 520 260.0

EqUITYVAlUE OF SHARE TRADING - REPORTED TRADES (USD MIllIONS)




EqUITYNUMBER OF TRADES IN SHARES - ElECTRONIC ORDER BOOK TRADES (IN THOUSANDS)

Notes: NASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

NA: Not availableSource: World Federation of Exchanges members

(excludes investment fund trades)Exchange 2012


AMERICASBermuda SE 0.1 0.1 0.1 0.1 0.1 0.5

BM&FBOVESPA 12 266.8 12 664.8 13 279.4 12 140.0 16 379.0 13 293.0

Buenos Aires SE 63.1 49.6 60.4 54.2 62.1 51.7

Lima SE 25.1 27.9 26.5 20.6 20.4 15.6

Mexican Exchange 1 231.1 1 498.1 1 316.3 1 110.5 1 684.0 1 741.6

NASDAQ OMX 112 179.1 113 799.6 120 946.1 113 965.4 132 808.8 118 079.6

NYSE Euronext (US) 117 587.2 115 593.2 122 500.8 113 808.0 139 980.0 124 685.3

Santiago SE 150.1 163.2 210.1 158.7 189.5 182.6

TMX Group 17 402.0 18 192.6 22 209.7 15 898.2 17 965.6 16 916.4

Total region 260 904.5 261 989.0 280 549.5 257 155.7 309 089.3 274 966.2

ASIA - PACIFICAustralian SE 10 677.8 13 232.4 14 820.5 11 094.8 15 242.6 13 354.5

BSE India 35 184.6 41 542.3 33 339.6 25 333.3 26 934.3 25 489.6

Bursa Malaysia 2 037.5 2 553.9 2 191.6 1 576.9 1 788.1 1 549.8

Colombo SE 218.6 218.3 113.8 86.1 112.0 149.4



Indonesia SE 2 510.0 2 565.9 2 286.4 2 661.8 2 556.9 2 381.3

Korea Exchange 105 200.8 128 345.9 113 107.6 97 911.9 94 358.8 90 754.6


Philippine SE 494.7 619.9 588.7 400.1 523.9 431.8

Shanghai SE 52 931.0 99 061.0 108 526.0 80 189.0 103 062.0 68 659.0

Shenzhen SE 50 595.2 98 308.4 107 169.4 75 422.7 93 626.2 73 923.9

Taiwan SE Corp. 11 631.5 22 685.2 19 540.8 12 941.8 13 647.4 11 672.8

The Stock Exchange of Thailand 3 317.0 4 041.8 3 985.6 2 794.9 4 933.6 3 586.8

Tokyo SE Group 24 879.7 33 294.1 32 758.5 27 510.0 30 302.6 28 201.0

Total region 443 780.9 619 999.9 590 226.3 450 053.2 516 959.7 438 899.8

EUROPE - AFRICA - MIDDlE EASTAmman SE 89.8 93.4 107.0 105.8 90.3 70.3

Athens Exchange 520.7 760.7 501.8 276.2 475.6 37.9

BME Spanish Exchanges 3 823.5 3 406.1 3 997.9 4 597.3 4 736.0 4 116.2

Budapest SE 261.4 169.5 143.1 125.9 135.9 124.8

Casablanca SE 14.3 14.1 14.1 12.4 14.6 13.3

Cyprus SE 14.6 20.4 19.3 7.6 14.2 15.0

Deutsche Börse 10 571.0 10 039.5 10 265.4 9 164.4 9 496.2 8 791.4

Egyptian Exchange 398.7 753.6 647.1 393.2 393.8 303.6

İMKB 7 375.8 8 557.4 7 891.2 7 907.9 7 670.8 6 466.2

Irish SE 98.7 93.6 97.9 89.2 104.5 94.5

Johannesburg SE 2 092.1 2 210.7 2 222.8 1 818.2 2 410.1 2 400.0

Ljubljana SE 5.8 5.1 5.3 4.3 4.3 4.3

London SE Group 19 301.0 20 231.0 22 486.0 20 080.0 21 953.0 19 455.0

Luxembourg SE 0.9 0.9 1.3 0.8 1.1 1.0

Malta SE 0.6 0.4 0.5 0.4 0.6 0.4

Mauritius SE 3.5 4.0 3.6 3.6 5.3 3.7

MICEX / RTS 8 959.0 9 402.8 10 697.4 8 957.8 10 525.7 7 883.3


NYSE Euronext (Europe) 15 978.8 16 393.2 17 242.7 17 160.8 17 125.2 16 949.7

Oslo Børs 1 996.1 2 332.8 2 139.9 1 604.9 1 948.8 1 822.0

Saudi Stock Exchange - Tadawul 3 551.7 4 313.7 5 610.4 5 146.8 3 810.0 3 456.4


Tel-Aviv SE 1 064.9 887.6 892.0 775.0 1 114.5 867.1

Warsaw SE 1 144.8 1 327.7 1 277.9 945.7 955.5 948.8

Wiener Börse 359.0 334.7 317.3 286.6 331.0 272.7

Total region 87 731.4 91 404.6 96 621.5 89 026.9 93 279.3 82 856.2

WFE TOTAL 792 416.8 973 393.5 967 397.3 796 235.8 919 328.3 796 722.2


2012 Trading days Nov 2012

Year-to-date % change / last month

July August September October November

0.1 0.2 0.1 0.2 0.9 22 2.6 346.1%

12 881.7 15 256.2 13 788.5 13 353.9 12 313.2 19 147 616.6 -7.8%

51.4 47.2 45.1 39.7 36.3 20 560.8 -8.4%

14.2 17.2 20.2 16.2 19.1 21 223.1 17.7%

1 383.2 1 742.8 1 666.8 1 931.5 1 992.9 20 17 298.7 3.2%

106 278.7 96 511.8 87 193.1 91 857.6 93 999.9 21 1 187 619.7 2.3%

114 818.8 113 331.0 96 449.4 107 401.7 113 432.4 21 1 279 587.7 5.6%

157.8 150.9 132.7 177.1 148.1 20 1 820.8 -16.4%

13 755.1 17 791.1 19 127.3 18 693.1 19 860.2 22 197 811.2 6.2%

249 341.2 244 848.3 218 423.3 233 471.0 241 803.1 2 832 541.1 3.6%

12 257.8 14 486.3 12 995.6 12 726.0 12 745.6 22 143 634.0 0.2%

27 958.9 26 922.2 27 696.1 29 744.4 27 000.4 20 327 145.7 -9.2%

1 917.9 1 696.4 1 549.2 1 731.4 1 522.9 20 20 115.5 -12.0%

102.0 139.4 408.0 141.4 91.8 20 1 780.9 -35.1%

1 997.2 2 608.6 2 622.4 2 527.8 2 395.4 22 30 703.1 -5.2%

10 451.3 11 364.8 11 898.3 12 463.7 13 402.4 22 135 732.2 7.5%

2 309.6 1 924.5 2 586.2 2 983.2 2 399.0 20 27 164.6 -19.6%

102 160.1 101 080.7 111 869.8 104 200.2 98 041.5 22 1 147 031.9 -5.9%

109 588.9 105 243.3 116 486.3 116 281.9 107 196.9 21 1 290 271.5 -7.8%

434.1 414.1 376.9 549.7 474.2 19 5 308.1 -13.7%

70 697.0 70 004.0 69 047.0 56 314.0 56 119.0 22 834 609.0 -0.3%

78 448.1 80 727.6 73 651.8 58 098.9 57 498.1 22 847 470.2 -1.0%

12 117.6 13 876.4 14 813.6 12 440.6 13 174.6 22 158 542.3 5.9%

4 158.8 4 331.1 4 798.3 5 526.8 4 968.7 22 46 443.5 -10.1%

26 972.2 27 650.3 24 998.5 30 824.4 30 682.3 21 318 073.4 -0.5%

461 571.5 462 469.8 475 797.9 446 554.2 427 712.8 5 334 025.9 -4.2%

87.0 55.9 68.6 59.9 73.1 20 900.9 22.0%

337.9 245.3 604.7 781.7 684.3 22 5 226.8 -99.9%

3 994.5 2 296.0 2 465.8 2 715.5 2 234.3 22 38 383.2 -17.7%

97.9 101.0 125.3 137.1 123.5 20 1 545.2 -10.0%

12.0 10.1 12.5 15.8 11.0 20 144.2 -30.5%

8.2 8.0 14.8 18.8 14.0 22 154.8 -25.1%

8 958.4 7 749.7 8 006.4 7 989.1 7 759.2 22 98 790.8 -2.9%

431.7 459.9 919.4 587.3 435.6 20 5 723.8 -25.8%

5 917.7 3 800.2 4 432.9 4 801.2 5 934.0 22 70 755.1 23.6%

98.9 98.3 90.7 82.3 92.5 22 1 041.0 12.3%

2 043.4 2 097.2 2 345.8 2 461.0 2 588.2 22 24 689.5 5.2%

3.1 3.3 4.4 5.3 3.4 21 48.6 -35.2%

18 094.0 15 877.0 18 192.0 18 251.0 16 131.0 22 210 051.0 -11.6%

0.7 0.7 0.9 0.8 0.9 21 10.0 7.5%

0.5 0.4 0.4 0.6 0.6 22 5.4 -9.7%

4.1 3.9 3.6 3.9 3.4 20 42.4 -13.8%

7 913.4 8 035.3 8 439.9 7 478.6 6 639.7 21 94 932.9 -11.2%

5 822.0 5 665.9 5 672.7 6 113.5 5 441.5 22 71 909.3 -11.0%

15 538.3 11 984.6 13 734.3 14 152.7 12 314.1 22 168 574.4 -13.0%

1 632.4 1 484.9 1 586.3 1 707.1 1 568.1 22 19 823.2 -8.1%

3 373.3 2 298.3 2 804.7 2 469.7 2 370.7 20 39 205.6 -4.0%

2 530.2 2 180.0 2 219.3 2 373.8 2 316.7 22 26 905.6 -2.4%

916.3 929.1 655.0 1 117.1 874.3 21 10 093.0 -21.7%

956.5 808.7 988.3 1 065.8 946.2 21 11 366.0 -11.2%

254.8 255.0 277.9 275.7 278.6 21 3 243.3 1.1%

79 027.0 66 448.5 73 666.4 74 665.3 68 838.9 903 566.1 -15.0%

789 939.7 773 766.7 767 887.6 754 690.4 738 354.8 9 070 133.1 -6.0%


Exchange 2012


AMERICASLima SE 0.8 0.8 1.0 0.9 0.9

NASDAQ OMX 104 688.3 106 636.2 111 820.4 102 873.5 122 247.6

NYSE Euronext (US) 14 633.6 13 243.5 14 710.5 14 166.1 17 232.5

Santiago SE 0.0 0.0 0.0 0.0 0.0

Total region 119 322.7 119 880.4 126 531.9 117 040.5 139 480.9

ASIA - PACIFICAustralian SE 21.2 20.8 31.0 18.1 28.0

BSE India 0.0 0.0 0.1 0.0 0.0

Bursa Malaysia 0.6 0.8 0.8 0.6 0.5

GreTai Securities Market 0.0 0.0 0.0 0.0 0.0

Indonesia SE 11.1 9.4 8.3 8.4 9.1

Korea Exchange 1.2 1.9 2.2 1.6 4.0

Philippine SE 0.1 0.1 0.1 0.1 0.1

Shenzhen SE 0.1 0.4 0.4 0.2 0.6

Taiwan SE Corp. 0.1 0.2 0.2 0.2 0.2

The Stock Exchange of Thailand 1.1 1.6 1.5 1.0 1.2

Total region 35.5 35.1 44.6 30.1 43.7

EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 0.0 0.0 0.0 0.0

Athens Exchange 0.0 0.0 0.1 0.0 0.1

BME Spanish Exchanges 15.2 14.7 17.7 17.1 18.0

Budapest SE 0.0 0.0 0.0 0.0 0.2

Casablanca SE 0.0 0.0 0.0 0.0 0.0

Cyprus SE 0.0 0.0 0.0 0.0 0.0

Deutsche Börse 30.9 33.1 30.5 24.2 20.3

Egyptian Exchange 0.7 0.0 0.1 0.0 4.4

İMKB 0.0 0.0 1.0 9.0 0.0

Irish SE 8.5 9.5 7.8 5.8 7.5

Johannesburg SE 12.0 13.3 13.2 9.9 17.5

London SE Group 803.0 911.0 966.0 787.0 809.0

MICEX / RTS 41.2 40.3 45.7 44.9 47.2

NASDAQ OMX Nordic Exchange 65.8 65.0 45.1 39.9 37.6

NYSE Euronext (Europe) 9.9 12.2 18.4 13.9 14.9

Oslo Børs 4.1 5.0 4.5 2.6 3.4

Saudi Stock Exchange - Tadawul 0.0 0.0 0.0 0.1 0.1

SIX Swiss Exchange 0.3 0.3 0.3 0.2 0.2

Tel-Aviv SE 5.5 5.1 5.4 2.9 5.3

Warsaw SE 0.4 0.5 0.3 0.2 0.3

Total region 997.5 1 110.1 1 156.1 957.8 986.0

WFE TOTAL 120 355.7 121 025.6 127 732.6 118 028.5 140 510.6

EqUITYNUMBER OF TRADES IN SHARES - NEGOTIATED DEAlS (IN THOUSANDS)



(excludes investment fund trades)


2012 Year-to-date % change / last month

June July August September October November

0.8 0.9 0.9 0.8 0.9 0.9 9.4 -1.1%

108 103.9 88 663.1 88 705.3 90 055.2 92 174.0 95 001.8 1 110 969.3 3.1%

15 967.6 20 436.6 22 041.9 20 229.6 21 941.5 20 858.7 195 462.1 -4.9%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

124 072.3 109 100.6 110 748.1 110 285.6 114 116.4 115 861.3 1 306 440.8 1.5%

19.7 13.2 20.2 23.8 18.6 19.1 233.6 2.6%

0.0 0.0 0.0 0.0 0.0 0.0 0.2 -50.0%

0.6 0.7 0.5 0.5 0.6 0.5 6.7 -6.9%

0.0 0.0 0.0 0.0 0.0 0.0 0.3 -9.5%

8.3 8.0 7.0 7.7 8.9 8.8 95.0 -0.9%

1.5 1.6 1.8 2.1 2.1 1.6 21.4 -23.3%

0.1 0.1 0.1 0.1 0.1 0.1 0.8 -30.0%

0.4 0.5 0.3 0.4 0.2 0.4 3.9 81.8%

0.3 0.4 0.3 0.2 0.3 0.3 2.6 4.0%

1.5 1.5 1.1 1.5 1.9 1.7 15.4 -8.1%

32.3 26.0 31.4 36.3 32.6 32.4 379.9 -0.4%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

0.1 0.0 0.0 0.0 0.1 0.0 0.6 -36.5%

17.4 17.7 10.9 10.9 13.0 10.7 163.4 -17.2%

0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 500.0%

10.9 14.0 14.2 14.3 15.1 15.7 223.2 4.3%

0.0 0.1 0.5 0.1 0.2 0.6 6.6 192.5%

0.0 1.0 0.0 4.0 0.0 3.0 18.0 -

6.8 7.8 7.3 8.0 7.7 7.6 84.4 -1.6%

15.5 15.4 9.5 9.5 9.6 9.8 135.2 2.0%

687.0 696.0 678.0 784.0 861.0 814.0 8 796.0 -5.5%

37.5 39.2 38.3 35.1 39.6 36.7 445.7 -7.5%

30.7 46.4 68.9 65.5 56.4 64.8 586.1 14.9%

16.2 8.0 11.7 15.2 8.0 10.9 139.3 37.5%

3.1 2.3 3.1 3.3 3.1 3.0 37.4 -2.7%

0.0 0.0 0.0 0.0 0.0 0.0 0.3 10.0%

0.2 0.1 0.1 0.1 0.1 0.1 2.1 -12.7%

5.9 3.6 3.8 4.0 4.5 5.8 51.9 26.9%

0.3 0.4 0.4 0.3 0.4 0.3 3.8 -13.6%

831.5 852.2 846.9 954.3 1 018.8 983.2 10 694.4 -3.8%

124 936.2 109 978.7 111 626.3 111 276.2 115 167.7 116 876.9 1 317 515.1 1.5%


EqUITYNUMBER OF TRADES IN SHARES - REPORTED TRADES (IN THOUSANDS)



Exchange 2012 Year-to-date

% change /last month

January February March April May June July August September October November

AMERICASBermuda SE NA NA NA NA NA NA NA NA NA NA NA NA -

BM&FBOVESPA NA NA NA NA NA NA NA NA NA NA NA NA -

Buenos Aires SE 0.0 0.0 0.0 NA NA NA NA NA NA NA NA 0.0 -

Colombia SE NA NA NA NA NA NA NA NA NA NA NA NA -

Lima SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Mexican Exchange NA NA NA NA NA NA NA NA NA NA NA NA -

NASDAQ OMX NA NA NA NA NA NA NA NA NA NA NA NA -

NYSE Euronext (US) NA NA NA NA NA NA NA NA NA NA NA NA -

Santiago SE NA NA NA NA NA NA NA NA NA NA NA NA -

TMX Group NA NA NA NA NA NA NA NA NA NA NA NA -

Total region 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

ASIA - PACIFICAustralian SE NA NA NA NA NA NA NA NA NA NA NA NA -

BSE India NA NA NA NA NA NA NA NA NA NA NA NA -

Bursa Malaysia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Colombo SE NA NA NA NA NA NA NA NA NA NA NA NA -

GreTai Securities Market 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NA 0.0 -

Hong Kong Exchanges 596.8 752.4 812.0 534.3 707.8 617.4 569.7 598.9 717.2 674.9 812.7 7 394.0 20.4%

Indonesia SE NA NA NA NA NA NA NA NA NA NA NA NA -

Korea Exchange NA NA NA NA NA NA NA NA NA NA NA NA -

National Stock Exchange India NA NA NA NA NA NA NA NA NA NA NA NA -

Osaka SE NA NA NA NA NA NA NA NA NA NA NA NA -

Philippine SE NA NA NA NA NA NA NA NA NA NA NA NA -

Shanghai SE NA NA NA NA NA NA NA NA NA NA NA NA -

Shenzhen SE NA NA NA NA NA NA NA NA NA NA NA NA -

Singapore Exchange NA NA NA NA NA NA NA NA NA NA NA NA -

Taiwan SE Corp. NA NA NA NA NA NA NA NA NA NA NA NA -

The Stock Exchange of Thailand NA NA NA NA NA NA NA NA NA NA NA NA -

Tokyo SE Group NA NA NA NA NA NA NA NA NA NA NA NA -

Total region 596.8 752.4 812.0 534.3 707.8 617.4 569.7 598.9 717.2 674.9 812.7 7 394.0 20.4%

EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 0.0 0.0 0.0 NA NA NA NA NA NA NA 0.0 -

Athens Exchange 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 -

BME Spanish Exchanges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Budapest SE 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -

Casablanca SE NA 0.0 0.0 0.0 NA NA NA NA NA NA NA 0.0 -

Cyprus SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 -

Deutsche Börse 108.1 107.5 103.6 104.4 114.4 118.5 102.0 70.4 70.9 65.1 68.9 1 033.8 5.8%

Egyptian Exchange 0.8 0.8 0.9 0.7 0.8 0.8 1.1 0.5 0.8 1.2 0.8 9.0 -32.2%

İMKB 22.8 24.9 25.4 23.5 22.5 10.1 20.2 19.7 19.9 18.8 20.0 227.9 6.4%

Irish SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Johannesburg SE NA NA NA NA NA NA NA NA NA NA NA NA -

Ljubljana SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0%

London SE Group 461.0 473.0 445.0 393.0 387.0 360.0 378.0 312.0 389.0 375.0 320.0 4 293.0 -14.7%

Luxembourg SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Malta SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Mauritius SE NA NA NA NA NA NA NA NA NA NA NA NA -

MICEX / RTS 60.1 72.0 73.8 59.9 56.8 55.0 63.5 67.0 61.8 58.7 56.1 684.6 -4.4%

NASDAQ OMX Nordic Exchange 93.9 95.1 87.6 60.7 59.7 51.6 47.4 48.8 44.6 40.5 46.3 676.2 14.4%

NYSE Euronext (Europe) 200.9 348.9 175.0 199.2 183.6 182.6 206.0 156.5 187.3 168.6 172.9 2 181.4 2.5%

Oslo Børs 1.0 1.7 1.1 0.7 0.7 0.6 0.8 0.8 0.8 0.9 1.0 10.0 13.8%

Saudi Stock Exchange - Tadawul NA NA NA NA NA NA NA NA NA NA NA NA -

SIX Swiss Exchange 31.2 28.5 33.9 34.6 37.9 33.3 49.6 53.4 43.0 45.1 38.3 428.7 -15.0%

Tel-Aviv SE NA NA NA NA NA NA NA NA NA NA NA NA -

Warsaw SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Wiener Börse 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -

Total region 979.7 1 152.4 946.3 876.7 863.3 812.6 868.6 729.1 818.1 773.9 724.4 9 545.0 -6.4%

WFE TOTAL 1 576.5 1 904.8 1 758.2 1 411.1 1 571.1 1 429.9 1 438.3 1 327.9 1 535.3 1 448.8 1 537.0 16 938.9 6.1%


EqUITYSHARE TURNOVER VElOCITY

Notes: Turnover velocity is calculated using EOB domestic trading value as numerator and domestic market cap as denominatorJohannesburg SE: ratios are calculated with domestic & foreign market capitalizationNASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock Exchanges

Singapore Exchange: ratios are calculated with domestic & foreign market capitalizationDue to different reporting rules & calculation methods, turnover figures are not entirely comparableSource: World Federation of Exchanges members

Exchange 2012

January February March April May June July August September October November

AMERICASBermuda SE 2.2% 4.0% 0.7% 0.9% 1.1% 0.9% 2.9% 0.9% 2.6% 2.5% 3.3%

BM&FBOVESPA 61.0% 70.5% 68.9% 67.6% 81.7% 82.4% 61.8% 81.0% 76.8% 71.7% 60.7%

Buenos Aires SE 4.9% 5.2% 4.8% 6.7% 5.9% 4.6% 3.9% 3.9% 3.8% 3.8% 2.7%

Colombia SE 13.6% 18.1% 15.3% 12.7% 17.0% 14.1% 11.8% 13.4% 10.9% 14.1% NA

Lima SE 2.8% 3.6% 4.2% 3.2% 4.1% 2.7% 2.8% 4.2% 2.2% 3.6% 5.0%

Mexican Exchange 14.4% 27.6% 22.1% 19.9% 30.7% 27.7% 22.1% 27.1% 24.8% 30.4% 26.7%

NASDAQ OMX 215.0% 224.0% 231.9% 222.4% 258.8% 216.0% 194.4% 165.9% 163.9% 184.8% 175.0%

NYSE Euronext (US) 96.3% 96.1% 104.9% 93.9% 115.1% 101.0% 90.7% 83.5% 82.7% 86.5% 89.3%

Santiago SE 18.6% 13.7% 15.5% 11.6% 15.5% 23.0% 16.7% 13.4% 10.9% 12.9% 12.5%

TMX Group 67.6% 66.5% 80.0% 56.6% 66.5% 66.0% 56.0% 64.7% 68.2% 69.2% 69.1%

ASIA - PACIFICAustralian SE 60.2% 83.3% 83.4% 60.5% 93.3% 70.1% 65.5% 75.3% 67.5% 64.7% 65.6%

BSE India 10.1% 13.2% 11.7% 8.2% 8.6% 8.6% 8.6% 8.3% 8.1% 9.2% 8.2%

Bursa Malaysia 28.4% 35.8% 33.0% 25.3% 28.5% 27.6% 30.8% 24.8% 26.8% 26.0% 27.1%

Colombo SE 11.0% 17.7% 19.8% 5.4% 5.6% 11.3% 5.7% 8.1% 17.6% 8.4% 8.2%

GreTai Securities Market 129.3% 303.9% 268.8% 162.2% 147.1% 123.7% 119.8% 150.2% 141.3% 152.5% 138.1%

Hong Kong Exchanges 41.0% 53.8% 54.2% 33.7% 51.3% 38.0% 35.7% 39.9% 40.3% 40.2% 41.9%

Indonesia SE NA NA NA NA NA NA NA NA 20.9% NA 28.8%

Korea Exchange 157.9% 191.4% 148.9% 130.9% 134.6% 116.4% 127.5% 133.6% 148.1% 138.5% 132.0%

National Stock Exchange India 47.6% 62.7% 53.1% 38.9% 45.4% 39.9% 42.2% 41.1% 44.5% 45.2% 39.7%

Osaka SE 65.2% 73.2% 77.5% 63.1% 69.4% 62.0% 56.5% 54.4% 53.0% NA NA

Philippine SE 19.2% 25.9% 21.8% 14.1% 20.5% 14.9% 15.0% 12.1% 12.5% 17.0% 16.6%

Shanghai SE 70.0% 128.9% 156.5% 107.1% 142.5% 95.0% 100.6% 96.6% 95.6% 76.5% 79.6%

Shenzhen SE 137.1% 257.0% 313.6% 196.4% 245.0% 193.7% 224.0% 222.8% 201.5% 157.3% 162.0%

Singapore Exchange 45.9% 69.3% 51.7% 43.3% 50.5% 40.2% 47.9% 53.0% 49.4% 45.3% 47.8%

Taiwan SE Corp. 75.7% 143.6% 121.2% 83.6% 90.9% 73.3% 80.4% 90.1% 90.1% 78.4% 79.6%

The Stock Exchange of Thailand 61.1% 84.7% 81.7% 51.8% 83.6% 59.5% 68.0% 64.2% 74.8% 82.3% 76.2%

Tokyo SE Group 86.8% 118.6% 116.9% 98.6% 108.2% 95.4% 91.9% 94.5% 90.7% 106.3% 101.1%

EUROPE - AFRICA - MIDDlE EASTAmman SE 9.4% 12.6% 14.0% 14.3% 9.6% 8.6% 9.0% 6.4% 8.8% 9.3% 9.4%

Athens Exchange 37.3% 65.8% 39.9% 19.8% 47.9% 47.9% 25.1% 18.8% 56.0% 63.9% 51.2%

BME Spanish Exchanges 95.0% 63.2% 87.6% 103.4% 129.8% 98.8% 113.3% 53.0% 73.7% 108.1% 64.9%

Budapest SE 91.3% 55.8% 47.6% 46.3% 55.3% 48.1% 34.0% 36.6% 50.4% 52.4% 64.3%

Casablanca SE 3.7% 4.3% 4.1% 5.2% 4.8% 13.4% 2.9% 2.3% 3.8% 5.8% 3.2%

Cyprus SE 9.5% 14.8% 15.6% 5.3% 11.2% 10.3% 6.5% 6.3% 15.3% 23.4% 14.6%

Deutsche Börse 105.7% 99.7% 111.8% 96.4% 101.9% 97.8% 93.7% 81.4% 93.5% 84.6% 79.4%

Egyptian Exchange 20.2% 37.9% 36.3% 23.8% 25.0% 18.0% 26.0% 28.9% 52.8% 32.1% 25.3%

İMKB 135.1% 155.9% 157.2% 150.2% 146.9% 124.8% 113.7% 185.1% 107.7% 105.2% 149.9%

Irish SE 8.9% 6.4% 8.7% 7.8% 9.0% 8.1% 8.7% 7.9% 8.3% 7.4% 8.2%

Johannesburg SE 38.8% 42.0% 45.7% 35.3% 43.0% 43.2% 36.3% 37.0% 44.7% 39.3% 38.4%

Ljubljana SE 5.6% 5.5% 7.5% 6.1% 6.5% 6.9% 4.7% 5.1% 8.6% 9.0% 8.3%

London SE Group 57.8% 59.1% 65.7% 54.1% 66.4% 59.2% 52.2% 48.0% 59.0% 56.1% 48.9%

Luxembourg SE 0.1% 0.1% 0.2% 0.1% 0.2% 0.3% 0.1% 0.1% 0.2% 0.2% 0.2%

Malta SE 1.0% 1.0% 1.7% 1.2% 1.9% 1.1% 1.1% 0.9% 1.2% 1.8% 1.5%

Mauritius SE 2.4% 2.9% 2.3% 3.2% 5.5% 3.2% 7.3% 4.6% 4.5% 5.0% 4.4%

MICEX / RTS 49.0% 49.8% 57.0% 46.3% 54.9% 38.1% 36.0% 34.6% 39.6% 33.9% 30.2%

NASDAQ OMX Nordic Exchange 71.5% 70.1% 72.7% 68.2% 68.9% 57.2% 51.7% 50.3% 53.7% 58.4% 50.0%

NYSE Euronext (Europe) 61.8% 61.9% 67.4% 68.5% 70.7% 70.2% 64.1% 52.0% 60.7% 59.3% 50.3%

Oslo Børs 66.7% 67.8% 59.8% 48.6% 59.0% 50.2% 41.3% 35.4% 41.5% 43.1% 40.9%

Saudi Stock Exchange - Tadawul 142.8% 174.5% 248.7% 218.6% 141.8% 115.9% 119.2% 86.5% 111.9% 76.5% 88.3%

SIX Swiss Exchange 54.0% 59.8% 59.5% 53.2% 56.8% 56.9% 48.0% 43.2% 49.1% 48.9% 45.7%

Tel-Aviv SE 35.6% 29.4% 31.3% 22.7% 39.9% 31.4% 28.8% 30.5% 22.0% 37.5% 27.5%

Warsaw SE 40.1% 40.5% 44.6% 29.5% 36.4% 36.7% 38.2% 36.0% 35.0% 38.7% 34.3%

Wiener Börse 30.1% 30.2% 29.8% 24.5% 31.9% 23.1% 19.7% 19.6% 25.9% 21.8% 20.2%


EqUITYBROAD STOCK INDEx PERFORMANCE

Exchange Name of index 2012


AMERICAS

Bermuda SE BSX Index 1 017.92 1 087.55 1 014.45 1 105.72 1 068.44

BM&FBOVESPA Ibovespa 63 072.31 65 811.73 64 510.97 64 820.26 54 490.41

Buenos Aires SE Composite 158 345.12 154 269.50 155 480.50 137 210.78 138 333.02

Colombia SE 13 863.33 14 932.81 15 038.26 15 215.78 14 586.57

Lima SE Indice General BVL (IGBVL) 21 948.07 22 728.75 23 612.02 22 677.93 20 997.56

Mexican Exchange IPC CompMx 290.85 293.55 306.71 307.02 296.33

NASDAQ OMX Composite 2 813.84 2 966.89 3 091.57 3 046.36 2 827.34

NYSE Euronext (US) Composite 7 838.48 8 113.24 8 206.93 8 119.07 7 463.96

Santiago SE IGPA 20 454.09 21 546.22 22 206.86 21 925.87 20 802.59

TMX Group S&P/TSX Composite 12 452.15 12 644.01 12 392.18 12 292.69 11 513.21

ASIA - PACIFIC

Australian SE All Ordinary Price 4 325.72 4 388.08 4 419.97 4 467.20 4 133.73

BSE India BSE 500 6 549.31 6 857.28 6 759.63 6 698.51 6 280.04

Bursa Malaysia FBM Emas Index 10 587.20 10 862.75 10 939.63 10 783.76 10 762.67

Colombo SE CSE All Share 5 693.92 5 458.09 5 420.20 5 419.20 4 832.15

GreTai Securities Market GTSM Index 103.63 117.47 113.59 105.89 105.81

Hong Kong Exchanges S&P/HKEX LargeCap Index 24 720.75 26 248.74 24 788.87 25 381.17 22 345.92

Indonesia SE JSX Composite Index 3 941.69 3 985.21 4 121.55 4 180.73 3 832.82

Korea Exchange KOSPI 1 955.79 2 030.25 2 014.04 1 981.99 1 843.47

National Stock Exchange India S&P CNX 500 4 082.85 4 275.55 4 221.80 4 178.35 3 913.05

Osaka SE 300 Common 785.18 881.96 895.10 837.66 740.91

Philippine SE PSE Index (PSEi) 4 682.44 4 897.65 5 107.73 5 202.70 5 091.23

Shanghai SE SSE Composite Index 2 292.61 2 428.49 2 262.79 2 396.32 2 372.23

Shenzhen SE SZSE Composite Index 855.20 956.99 891.84 940.35 967.59

Singapore Exchange Straits Times Index 2 906.69 2 994.06 3 010.46 2 878.57 2 772.54

Taiwan SE Corp. TAIEX 7 517.08 8 121.44 7 933.00 7 501.72 7 301.50

The Stock Exchange of Thailand SET Index 1 083.97 1 160.90 1 196.77 1 228.49 1 141.50

Tokyo SE Group TOPIX 755.27 835.96 854.35 804.27 719.40


Amman SE ASE Index 1 946.61 1 959.75 1 990.40 1 981.20 1 874.50

Athens Exchange General Price 796.02 743.59 728.93 699.91 525.45

BME Spanish Exchanges Barcelona BCN Global - 100 Index 649.02 647.14 608.44 532.58 468.07

BME Spanish Exchanges Bilbao Indice Bolsa Bilbao 2000 1 367.06 1 364.66 1 291.32 1 143.12 995.69

BME Spanish Exchanges Madrid IGBM Index 855.17 852.45 807.46 707.48 617.23

BME Spanish Exchanges Valencia IGBV Index 890.50 885.55 838.98 741.24 655.15

Borsa Italiana FTSE Italia MIB Storico 13 096.00 13 571.00 13 233.00 12 385.00 10 998.00

Budapest SE BUMIX 1 300.10 1 329.28 1 196.82 1 162.38 1 024.32

Casablanca SE MASI Float 11 211.71 11 398.94 10 948.45 10 293.90 10 286.99

Cyprus SE CSE General Index 385.85 298.31 304.53 229.79 139.39

Deutsche Börse CDAX Price 332.18 352.13 356.61 345.43 315.64

Egyptian Exchange EGX 30 Index 4 648.13 5 349.85 5 018.55 4 945.21 4 686.42

İMKB ISE 100 Index 57 171.34 60 721.23 62 423.04 60 010.42 55 099.33

Irish SE ISEQ Overall 3 007.79 3 208.32 3 254.81 3 224.45 3 077.03

Johannesburg SE FTSE/JSE All Share 33 792.48 34 296.00 33 554.21 34 399.04 33 142.61

London SE FTSE 100 2 933.00 3 044.00 3 003.00 2 985.00 2 767.00

Luxembourg SE Lux General Price 863.25 878.92 857.15 807.12 738.46

Malta SE MSE Share Index 3 061.32 3 008.86 2 938.91 2 969.16 3 028.56

Mauritius SE SEMDEX 1 828.13 1 773.31 1 806.05 1 797.62 1 804.94

NASDAQ OMX Nordic Copenhagen OMXC 343.87 377.04 369.75 378.96 356.64

NASDAQ OMX Nordic Helsinki OMXH 5 764.72 6 135.00 6 035.35 5 650.41 4 986.13

NASDAQ OMX Nordic Iceland OMXIPI 609.01 623.67 663.43 691.96 682.97

NASDAQ OMX Nordic Stockholm OMXS 325.32 345.34 338.44 333.53 307.08

NYSE Euronext Amsterdam AAX 499.00 510.83 508.58 492.04 461.46

NYSE Euronext Brussels General Price 7 601.30 7 845.14 8 169.97 7 815.90 7 562.57

NYSE Euronext Lisbon BVL General 2 114.77 2 201.17 2 188.88 2 099.32 1 901.99

NYSE Euronext Paris SBF 250 2 462.46 2 579.85 2 573.29 2 429.23 2 275.01

Oslo Børs OSEBXPR 242.40 262.21 259.75 254.06 226.35

Saudi Stock Exchange - Tadawul TASI 6 626.04 7 271.82 7 835.15 7 558.47 6 975.27

SIX Swiss Exchange SMI 5 970.49 6 109.93 6 235.51 6 096.34 5 850.18

Tel-Aviv SE General 882.15 862.06 882.84 911.72 837.25

Warsaw SE WIG Total Return 40 927.75 41 560.55 41 267.16 40 273.65 37 793.58

Wiener Börse SE Price Index 830.40 872.24 863.94 847.33 770.44




2012 % change /last month

% change /Nov 11


1 078.99 1 074.86 1 071.60 1 066.91 1 074.00 1 059.00 -1.4% -2.2%

54 354.63 56 097.05 57 061.45 59 175.86 57 068.18 57 474.57 0.7% 1.1%

143 818.98 150 111.22 147 725.91 146 370.88 142 466.00 146 115.36 2.6% -0.5%

13 417.51 13 768.45 14 088.52 14 056.60 14 781.00 NA - -

20 207.16 19 627.50 20 311.66 21 674.79 20 789.41 20 044.62 -3.6% 0.7%

313.45 317.48 309.24 321.01 327.63 329.84 0.7% 15.6%

2 935.05 2 939.52 3 066.96 3 116.23 2 977.23 3 010.00 1.1% 14.9%

7 801.84 7 863.94 8 014.93 8 251.00 8 221.00 8 260.43 0.5% 5.2%

21 079.75 20 447.87 20 176.31 20 551.46 20 910.93 20 323.85 -2.8% 1.2%

11 596.56 11 664.71 12 139.73 12 317.46 12 422.91 12 239.00 -1.5% 0.3%

4 135.50 4 289.38 4 339.02 4 406.34 4 535.36 4 518.03 -0.4% 8.0%

6 682.47 6 605.70 6 632.34 7 206.51 7 118.77 7 472.45 5.0% 22.2%

10 917.64 11 175.23 11 229.54 11 106.56 11 366.07 10 979.48 -3.4% 9.1%

4 965.77 4 944.86 5 180.15 5 971.99 5 513.64 5 351.00 -2.9% -12.1%

104.72 101.16 104.48 107.40 95.57 99.65 - -

23 320.85 23 814.11 23 274.05 24 927.48 26 009.56 26 239.16 0.9% 20.6%

3 955.58 4 142.34 4 060.33 4 262.56 4 350.29 4 276.14 -1.7% 15.1%

1 854.01 1 881.99 1 905.12 1 996.21 1 912.06 1 932.90 1.1% 4.6%

4 170.65 4 126.45 4 129.90 4 504.35 4 448.85 4 675.00 5.1% 22.7%

787.24 753.15 747.97 755.96 758.25 806.06 6.3% 7.5%

5 246.41 5 307.66 5 196.19 5 346.10 5 424.51 5 640.45 4.0% 33.9%

2 225.43 2 103.63 2 047.52 2 086.17 2 068.88 1 980.12 -4.3% -15.1%

921.40 849.96 838.53 853.83 844.80 752.84 -10.9% -24.3%

2 878.45 3 036.40 3 025.46 3 060.34 3 038.37 3 069.00 1.0% 13.6%

7 296.28 7 270.49 7 397.06 7 715.16 7 166.05 7 580.00 5.8% 9.8%

1 172.11 1 199.30 1 227.48 1 298.79 1 298.87 1 324.04 1.9% 33.0%

770.08 736.31 731.64 737.42 742.33 781.46 5.3% 7.3%

1 882.07 1 852.48 1 923.95 1 902.68 1 917.90 1 929.28 0.6% -1.8%

611.16 598.68 646.82 739.12 801.32 809.14 1.0% 18.6%

550.67 524.14 579.74 600.11 616.11 621.75 0.9% -2.4%

1 148.88 1 110.06 1 199.11 1 245.83 1 274.50 1 287.53 1.0% -4.8%

718.49 680.53 749.84 777.05 790.00 798.04 1.0% -5.7%

766.66 736.05 805.02 840.62 863.19 871.27 0.9% -0.6%

11 740.00 11 746.00 12 554.00 12 744.00 12 986.00 13 142.00 1.2% 7.3%

1 046.33 1 025.16 1 038.97 1 078.62 1 081.47 1 010.51 -6.6% -25.7%

10 053.90 9 849.77 9 944.22 9 471.80 9 504.55 9 733.62 2.4% -11.1%

140.14 111.20 88.05 105.57 143.14 121.88 -14.9% -52.8%

321.27 338.75 347.17 358.75 362.60 370.32 2.1% 18.0%

4 708.59 4 862.53 5 332.25 5 821.82 5 695.93 4 807.67 -15.6% 19.6%

62 543.49 64 259.54 67 367.95 66 396.71 72 528.97 73 058.51 0.7% 34.0%

3 148.62 3 169.25 3 160.79 3 278.28 3 248.49 3 290.27 1.3% 19.7%

33 708.31 34 596.90 35 389.45 35 757.98 37 156.28 38 104.61 2.6% 16.1%

2 891.00 2 927.00 2 973.00 2 999.00 3 024.00 3 065.00 1.4% 8.1%

780.40 822.90 797.07 797.62 810.53 818.50 1.0% -0.2%

3 022.17 3 103.77 3 090.47 3 135.82 3 264.00 3 197.39 -2.0% 2.6%

1 775.88 1 752.73 1 686.45 1 703.16 1 667.55 1 682.05 0.9% -9.8%

365.76 393.30 396.60 401.83 395.20 399.70 1.1% 23.7%

5 073.44 5 225.10 5 334.57 5 465.55 5 501.69 5 670.27 3.1% 1.7%

677.65 643.85 642.51 646.21 629.32 644.60 2.4% 13.5%

315.97 329.26 321.82 331.74 326.88 337.21 3.2% 10.9%

486.38 510.03 513.36 507.17 513.72 520.02 1.2% 11.1%

8 257.20 8 457.49 8 740.21 8 680.13 8 648.37 8 860.52 2.5% 21.6%

1 951.68 1 961.34 2 062.46 2 156.01 2 208.52 2 180.93 -1.2% 0.5%

2 397.42 2 468.91 2 552.99 2 528.44 2 575.15 2 670.61 3.7% 14.1%

238.97 248.49 255.42 261.29 259.09 258.91 -0.1% 11.2%

6 709.91 6 878.19 7 139.01 6 839.83 6 791.04 6 533.14 -3.8% 7.0%

6 066.86 6 399.27 6 388.01 6 495.88 6 595.13 6 820.60 3.4% 20.7%

821.02 842.50 835.72 877.36 903.05 914.34 1.3% 8.6%

40 810.88 40 163.91 41 573.57 43 739.81 43 232.44 45 014.74 4.1% 14.0%

794.43 798.99 807.98 829.05 859.05 892.59 3.9% 19.5%


EqUITYBlUE CHIP INDEx PERFORMANCE



Exchange Name of index 2012


AMERICASBM&FBOVESPA IBrX-50 9 034.82 9 309.84 9 215.43 8 886.93 8 098.05

Buenos Aires SE Burcap Index 9 621.00 9 167.91 9 282.18 8 154.31 8 239.51

Colombia SE 1 633.62 1 730.46 1 743.63 1 785.66 1 726.55

Lima SE Indice Selectivo BVL (ISBVL) 30 249.54 31 477.21 33 278.12 32 451.08 30 281.38

Mexican Exchange IPC 37 422.68 37 816.69 39 521.24 39 461.00 37 872.95

NASDAQ OMX Nasdaq 100 2 467.95 2 623.10 2 755.27 2 723.68 2 524.87

NYSE Euronext (US) NYSE US 100 5 752.88 5 942.06 6 107.74 6 058.88 5 694.98

Santiago SE IPSA 4 260.76 4 535.60 4 671.28 4 585.77 4 318.16

TMX Group S&P/TSX 60 709.18 718.86 706.96 699.79 656.50

ASIA - PACIFICAustralian SE ASX/S&P 50 4 268.92 4 275.03 4 323.26 4 396.05 4 083.88

BSE India SENSEX 17 193.55 17 752.68 17 404.20 17 318.81 16 218.53

Bursa Malaysia Kuala Lumpur Composite 1 521.29 1 569.65 1 596.33 1 570.61 1 580.67

Colombo SE Milanka Price Index 4 925.91 4 751.06 4 891.58 4 851.24 4 315.09

GreTai Securities Market GTSM 50 139.39 152.64 146.33 136.92 139.27

Hong Kong Exchanges Hang Seng Index 20 390.49 21 680.08 20 555.58 21 094.21 18 629.52

Indonesia SE LQ45 Index 692.16 692.77 712.55 711.38 645.69

Korea Exchange KOSPI 200 4 170.33 4 331.05 4 344.10 4 324.52 4 020.82

National Stock Exchange India S&P CNX Nifty 5 199.25 5 385.20 5 295.55 5 248.15 4 924.25

Osaka SE OSE Adjusted 250 Issues 16 334.68 17 528.34 17 868.51 16 928.49 15 000.41

Shanghai SE SSE 180 Index 5 321.34 5 649.05 5 262.41 5 630.80 5 632.06

Shenzhen SE SZSE 100 Index 3 294.16 3 591.06 3 339.43 3 588.69 3 653.46

Singapore Exchange Straits Times Index 2 906.69 2 994.06 3 010.46 2 878.57 2 772.54

Taiwan SE Corp. TSEC Taiwan 50 Index 5 242.51 5 605.77 5 503.52 5 211.21 5 042.25

The Stock Exchange of Thailand SET 50 Index 757.45 818.78 842.91 863.82 791.54

Tokyo SE Group TOPIX Core 30 386.22 441.31 447.03 417.31 375.40

EUROPE - AFRICA - MIDDlE EASTAthens Exchange FTSE/ASE 20 338.50 305.21 282.58 267.81 188.44

BME Spanish Exchanges IBEX 35 8 509.20 8 465.90 8 008.00 7 011.00 6 089.80

Borsa Italiana FTSE MIB 15 828.00 16 351.00 15 980.00 14 592.00 12 874.00

Budapest SE BUX 18 891.07 19 286.54 18 635.67 18 235.03 16 099.82

Cyprus SE FTSE/CySE 20 134.85 105.48 89.01 83.30 51.89

Deutsche Börse DAX Performance Index 6 458.91 6 856.08 6 946.83 6 761.19 6 264.38

Egyptian Exchange DJ/CASE Egypt Titans 20 Index 1 036.79 1 183.63 1 117.60 1 093.08 1 036.23

İMKB ISE 30 Index 69 305.90 73 469.97 75 711.69 71 846.51 66 271.81

Irish SE ISEQ 20 486.44 517.35 527.72 520.81 NA

Johannesburg SE FTSE/JSE Top 40 30 176.19 30 546.69 29 603.42 30 364.59 29 201.90

Ljubljana SE SBI 20 597.28 561.67 599.26 595.16 534.34

London SE FTSE 100 5 682.00 5 872.00 5 768.00 5 738.00 5 321.00

Luxembourg SE LuxX 1 202.19 1 232.21 1 231.25 1 160.83 1 060.97

Mauritius SE SEM-7 341.01 333.26 339.38 339.30 342.29

NASDAQ OMX Nordic Copenhagen OMXC20 408.53 453.77 444.71 458.75 432.26

NASDAQ OMX Nordic Helsinki OMXH25 2 093.47 2 243.63 2 209.10 2 087.76 1 836.31

NASDAQ OMX Nordic Stockholm OMXS30 1 036.34 1 101.76 1 074.48 1 059.62 975.98

NYSE Euronext Amsterdam AEX 25 318.47 324.25 323.51 308.30 290.09

NYSE Euronext Brussels BEL 20 2 206.80 2 275.86 2 324.05 2 208.44 2 093.56

NYSE Euronext Lisbon PSI 20 5 325.05 5 580.52 5 556.81 5 233.86 4 513.38

NYSE Euronext Paris CAC 40 3 298.55 3 452.45 3 423.81 3 212.80 3 017.01

Oslo Børs OBX Index 365.95 397.40 394.39 389.21 353.19

SIX Swiss Exchange SMI 5 970.49 6 109.93 6 235.51 6 096.34 5 850.18

Tel-Aviv SE TA 25 1 119.50 1 081.35 1 124.85 1 164.36 1 065.02

Warsaw SE WIG 20 2 332.17 2 317.11 2 286.53 2 240.57 2 096.35

Wiener Börse ATX (Austrian Traded Index) 2 076.49 2 196.08 2 159.06 2 118.94 1 897.04


2012 % change /last month

% change /Nov 11

% volatility Nov 12


8 143.25 8 393.76 8 403.50 8 667.57 8 547.22 8 659.74 1.3% 5.6% 14.7%

8 530.72 8 845.17 8 587.17 8 463.69 8 175.00 8 504.11 4.0% -4.7% 21.6%

1 640.01 1 673.87 1 668.50 1 681.08 1 809.00 NA - -

29 465.26 28 823.69 29 497.20 31 842.21 30 653.67 30 003.10 -2.1% 7.7% 14.0%

40 199.55 40 704.28 39 421.65 40 866.96 41 619.96 41 833.52 0.5% 13.6% 12.0%

2 615.72 2 642.53 2 772.24 2 799.19 2 647.92 2 677.00 1.1% 16.6% -

5 941.47 6 036.20 6 068.42 6 268.08 6 190.00 6 166.45 -0.4% 12.3% -

4 400.10 4 227.56 4 155.68 4 230.42 4 266.35 4 266.35 0.0% -1.4% 7.0%

663.62 665.46 694.50 702.87 711.58 702.00 -1.3% 0.9% -

4 141.84 4 349.99 4 398.53 4 463.98 4 596.34 4 584.14 -0.3% 11.2% -

17 429.98 17 236.18 17 429.56 18 762.74 18 505.38 19 339.90 4.5% 19.9% 0.7%

1 599.15 1 631.60 1 646.11 1 636.66 1 673.07 1 610.83 -3.7% 9.4% -

4 383.20 4 357.02 4 811.99 5 645.95 5 037.77 4 868.00 -3.4% -7.7% 2.0%

136.47 130.19 134.29 139.25 120.74 128.12 - -

19 441.46 19 796.81 19 482.57 20 840.38 21 641.82 22 030.39 1.8% 22.5% 16.2%

674.79 712.77 695.53 731.77 751.12 726.81 -3.2% 10.7% 11.7%

4 023.58 4 090.77 4 107.25 4 282.75 4 074.27 4 120.49 1.1% 5.0% -

5 278.90 5 229.00 5 258.50 5 703.30 5 619.70 5 879.00 4.6% 21.7% 0.0%

16 002.30 15 405.83 15 324.28 15 621.78 15 522.17 16 254.63 4.7% 3.9% -

5 279.95 4 996.97 4 750.23 4 934.33 4 857.81 4 666.74 -3.9% -12.2% 1.1%

3 391.09 3 215.55 2 969.42 3 110.93 3 039.14 2 811.02 -7.5% -19.8% 13.2%

2 878.45 3 036.40 3 025.46 3 060.34 3 038.37 3 069.00 1.0% 13.6% -

5 021.19 4 986.18 5 084.97 5 333.55 5 030.30 5 355.00 6.5% 11.3% 15.0%

814.38 828.67 840.32 886.58 879.06 898.81 2.2% 28.9% 12.5%

403.61 386.82 381.24 382.97 384.84 411.35 6.9% 11.1% -

227.14 216.66 233.66 267.89 293.35 279.18 -4.8% 3.4% 50.3%

7 102.20 6 738.10 7 420.50 7 708.50 7 842.90 7 934.60 1.2% -6.1% 31.1%

14 274.00 13 891.00 15 100.00 15 096.00 15 540.00 15 808.00 1.7% 3.5% 29.8%

17 341.07 17 408.02 17 513.82 18 588.65 19 220.49 18 265.23 -5.0% 3.6% 13.0%

52.70 43.54 35.70 41.69 54.37 46.67 -14.2% -49.1% 0.0%

6 416.28 6 774.06 6 970.79 7 216.15 7 260.63 7 405.50 2.0% 21.6% 18.3%

1 050.77 1 084.36 1 179.59 1 275.81 1 254.56 1 078.92 -14.0% 20.1% 2.6%

76 263.58 78 398.64 82 645.42 81 362.73 90 360.21 91 059.21 0.8% 37.9% 16.3%

508.85 509.19 509.47 529.11 524.85 531.35 1.2% 19.4% 0.0%

29 638.01 30 386.61 31 172.74 31 518.32 33 008.20 33 872.69 2.6% 15.1% -

520.23 514.67 505.28 591.22 593.26 589.40 -0.7% -3.6% 10.7%

5 571.00 5 635.00 5 711.00 5 742.00 5 783.00 5 867.00 1.5% 6.6% 13.0%

1 145.94 1 199.60 1 171.87 1 204.79 1 193.29 1 234.40 3.4% 12.2% 17.3%

340.12 338.85 328.64 328.92 320.36 326.42 1.9% -5.1% 1.9%

446.04 484.14 490.16 493.22 485.28 490.93 1.2% 27.5% 14.2%

1 871.67 1 947.74 1 994.91 2 036.21 2 052.30 2 145.59 4.5% 7.4% 22.0%

1 019.06 1 068.16 1 043.93 1 072.45 1 052.11 1 085.85 3.2% 10.9% 16.1%

307.31 326.47 329.28 323.18 330.76 336.55 1.8% 12.3% 16.5%

2 227.63 2 274.84 2 345.69 2 373.33 2 369.21 2 436.95 2.9% 17.5% 18.3%

4 697.96 4 688.08 4 998.86 5 202.76 5 355.96 5 256.38 -1.9% -5.1% 23.2%

3 196.65 3 291.66 3 413.07 3 354.82 3 429.00 3 557.28 3.7% 12.8% 22.5%

375.55 392.54 404.35 415.42 410.64 411.12 0.1% 16.1% 0.0%

6 066.86 6 399.27 6 388.01 6 495.88 6 595.13 6 820.60 3.4% 20.7% 10.4%

1 057.63 1 105.79 1 120.58 1 189.25 1 214.22 1 229.97 1.3% 13.6% -

2 275.30 2 185.67 2 258.29 2 371.42 2 317.56 2 421.54 4.5% 5.8% 9.4%

1 975.35 2 014.80 2 016.55 2 089.74 2 184.16 2 301.99 5.4% 24.6% 20.4%


FIxED INCOMETOTAl VAlUE OF BOND TRADING (USD MIllIONS)

Exchange 2012


AMERICASBM&FBOVESPA 19.4 33.1 7.0 36.4 13.2

Buenos Aires SE 2 626.2 2 367.2 3 443.5 2 306.6 2 984.3

Colombia SE 70 887.5 81 203.0 83 884.8 64 359.8 67 736.8

Lima SE 42.6 46.7 54.8 52.1 36.4

Mexican Exchange 10.2 17.0 16.0 17.6 25.8

Santiago SE 16 606.2 16 067.5 17 158.5 13 289.9 14 996.8

TMX Group 540.8 507.7 729.4 534.8 521.6

Total region 90 732.9 100 242.0 105 293.9 80 597.3 86 314.9

ASIA - PACIFICAustralian SE 91.3 139.5 158.0 206.7 210.6

BSE India 1 521.3 1 916.1 1 983.0 1 791.4 825.6

Bursa Malaysia 10.6 10.1 18.3 65.1 12.0

Colombo SE 0.0 0.1 0.1 0.0 0.0

GreTai Securities Market 23 981.6 35 122.3 36 395.8 33 880.3 29 020.8

Hong Kong Exchanges 17.5 19.7 13.1 4.8 6.6

Korea Exchange 60 323.8 90 219.8 109 072.4 81 717.4 98 265.8

National Stock Exchange India 15 209.0 11 564.9 10 818.7 9 111.8 9 104.2

Shanghai SE 7 714.6 10 218.5 10 464.1 7 181.2 11 932.3

Shenzhen SE 739.5 1 228.1 1 697.4 1 647.1 2 027.9

The Stock Exchange of Thailand 0.0 0.8 1.4 0.0 0.3

Tokyo SE Group 173.6 173.9 97.6 68.6 175.1

Total region 109 782.9 150 613.7 170 719.8 135 674.4 151 581.4

EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 0.0 0.0 0.0 0.0

Athens Exchange 1.6 3.0 3.3 0.1 0.1

BME Spanish Exchanges 1 144 587.0 938 817.5 1 197 923.8 1 015 072.1 1 089 528.9

Budapest SE 13.2 4.7 1.0 0.8 0.8

Casablanca SE 72.5 169.1 84.6 97.6 0.0

Cyprus SE 6.9 12.6 5.5 0.8 1.7

Deutsche Börse 3 727.6 3 973.9 4 703.3 3 228.3 3 897.5

Egyptian Exchange 24.0 146.2 489.4 673.2 1 069.5

İMKB 36 412.1 43 033.0 38 673.4 48 593.4 30 557.7

Irish SE 10 226.7 3 540.5 2 919.0 1 765.4 2 733.0

Johannesburg SE 213 565.5 258 404.6 257 873.1 213 035.0 261 126.8

Ljubljana SE 4.7 4.8 8.7 6.4 4.4

London SE Group 348 264.2 421 955.6 492 840.6 377 195.2 408 769.8

Luxembourg SE 15.3 66.1 22.0 22.8 28.6

Malta SE 63.2 38.0 97.9 115.6 106.1

Mauritius SE 0.0 0.0 0.0 0.0 0.0

MICEX / RTS 17 435.2 25 813.4 27 134.9 22 963.5 17 212.7

NASDAQ OMX Nordic Exchange 235 052.4 254 281.3 338 894.8 179 381.5 207 357.2

NYSE Euronext (Europe) 1 077.4 1 169.1 1 334.4 1 090.7 1 085.6

Oslo Børs 60 800.8 43 387.0 62 305.6 16 297.9 23 085.7

Saudi Stock Exchange - Tadawul 11.0 5.5 80.5 0.9 0.0

SIX Swiss Exchange 19 674.5 21 518.5 16 813.4 14 804.9 15 264.7

Tel-Aviv SE 21 865.9 19 331.4 22 069.0 17 040.2 21 565.9

Warsaw SE 29.8 46.9 126.9 30.6 23.3

Wiener Börse 17.8 17.0 16.9 11.5 10.7

Total region 2 112 949.3 2 035 739.8 2 464 422.0 1 911 428.6 2 083 430.6

WFE TOTAL 2 313 465.1 2 286 595.5 2 740 435.7 2 127 700.3 2 321 326.9

Notes: NASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock ExchangesSingapore Exchange: Main Board, Sesdaq, DBLs



2012 Year-to-date % change /Jan / Nov 11

(in USD)

% change /Jan / Nov 11 (in local cur)June July August September October November

20.5 53.9 38.1 15.0 39.4 9.1 285.0 80.7% 117.6%

2 906.0 2 988.3 3 281.2 3 121.8 3 409.7 3 976.9 33 411.7 11.6% 23.1%

70 068.2 73 531.3 75 279.9 77 916.7 85 901.0 NA 750 768.9 -13.7% -15.7%

25.5 39.2 59.2 40.7 46.9 41.5 485.4 -16.0% -19.6%

6.4 17.4 8.8 10.2 21.6 31.9 182.9 -33.3% -27.0%

15 813.8 13 098.5 13 630.5 10 028.1 12 562.8 12 988.2 156 241.0 -28.3% -27.0%

504.3 0.0 0.0 0.0 0.0 0.0 3 338.6 -43.9% -42.7%

89 344.7 89 728.5 92 297.7 91 132.5 101 981.4 17 047.7 944 713.5 -16.0%

198.8 234.9 255.7 413.0 375.2 295.8 2 579.6 199.1% 202.3%

1 655.2 2 011.7 1 390.3 2 446.3 1 693.8 1 085.4 18 320.2 8.1% 24.1%

4.6 6.6 6.7 10.6 21.6 10.3 176.4 -4.2% -5.7%

0.0 0.0 0.0 0.1 0.0 0.2 0.5 -97.8% -97.4%

32 254.9 36 463.8 25 481.9 24 830.0 28 916.3 27 402.6 333 750.1 - -

126.5 46.9 28.8 20.1 16.9 22.6 323.6 222.3% 221.1%

110 121.9 132 814.9 139 542.1 125 990.8 102 207.6 94 199.7 1 144 476.0 65.6% 69.5%

12 980.9 11 925.8 8 771.3 13 560.8 12 481.9 9 464.9 124 994.4 18.4% 36.1%

12 369.6 11 705.6 9 331.3 7 687.4 8 448.6 11 495.2 108 548.2 22.9% 20.3%

1 405.6 1 957.8 1 912.9 1 587.5 1 485.4 3 581.9 19 271.1 83.8% 79.2%

1.5 0.9 0.2 0.2 0.1 0.2 5.7 -73.7% -73.1%

98.3 108.0 184.7 149.4 97.6 126.2 1 453.0 -51.2% -51.4%

171 217.7 197 277.0 186 905.8 176 696.3 155 745.0 147 685.0 1 753 899.0 54.9%

0.0 0.0 NA 0.0 0.0 0.0 0.0 - -

1.6 0.1 0.1 0.1 0.2 0.1 10.4 -44.0% -40.4%

1 306 711.9 628 257.4 673 781.7 735 834.3 1 022 090.2 700 357.7 10 452 962.6 -36.0% -30.1%

0.4 0.0 0.0 0.2 0.6 1.1 22.9 -98.1% -98.0%

5.8 123.5 23.4 3.4 1.1 150.0 731.0 -17.9% -12.6%

0.4 0.2 0.4 0.2 0.5 0.1 29.3 -8.1% -2.2%

4 225.6 3 559.6 3 201.2 3 341.3 4 181.4 3 457.5 41 497.3 -36.6% -30.5%

906.6 340.8 256.4 945.3 377.8 778.1 6 007.2 14.9% 17.3%

40 678.2 54 974.1 44 386.5 54 160.6 46 124.4 51 390.3 488 983.6 0.1% 8.6%

1 580.1 8 816.3 3 351.0 5 271.9 4 251.8 4 347.0 48 802.6 24.4% 36.3%

258 211.7 288 371.5 211 099.3 231 033.5 266 801.0 217 673.0 2 677 194.9 -3.2% 10.5%

9.0 6.0 5.8 11.1 2.6 2.9 66.6 -13.8% -6.4%

357 728.4 361 761.1 327 084.3 375 623.3 401 477.3 392 882.0 4 265 581.8 -15.5% -7.8%

140.0 26.5 26.5 29.3 29.8 16.4 423.1 165.1% 186.4%

82.1 82.8 40.5 20.8 63.4 75.7 785.9 29.2% 43.3%

0.0 0.1 0.1 0.7 0.4 0.0 1.4 39.6% 47.9%

21 200.1 31 514.3 28 315.3 27 462.9 41 503.2 32 907.5 293 463.2 - -

287 977.0 150 507.6 233 489.7 296 936.1 244 887.0 352 023.3 2 780 787.9 23.7% 34.2%

1 297.0 1 498.8 1 332.4 1 368.8 1 627.6 1 616.6 14 498.2 18.9% 30.1%

54 501.0 16 636.6 24 494.1 54 338.2 29 556.6 43 357.9 428 761.4 -19.5% -15.9%

0.0 0.0 3.7 3.7 13.6 0.0 118.9 -75.0% -75.0%

19 159.9 15 073.4 17 568.8 14 180.4 14 853.6 16 683.3 185 595.3 -1.4% 5.6%

22 413.2 26 555.3 22 350.8 12 958.2 20 559.4 22 123.5 228 832.9 0.2% 8.6%

NA 53.1 31.5 52.9 46.0 84.7 525.8 -31.0% -28.5%

12.0 10.0 9.9 9.6 13.6 12.2 141.1 -84.4% -83.0%

2 376 842.2 1 588 168.9 1 590 853.4 1 813 586.9 2 098 462.9 1 839 940.7 21 915 825.4 -22.7%

2 637 404.6 1 875 174.4 1 870 056.9 2 081 415.7 2 356 189.3 2 004 673.4 24 614 437.9 -20.0%


FIxED INCOMEVAlUE OF BOND TRADING - SPlIT BY SECTORS (USD MIllIONS)

Notes: NASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock ExchangesSingapore Exchange: Main Board, Sesdaq, DBLs



Total Domesticprivate sector

Domesticpublic sector

Foreign sector

AMERICASBM&FBOVESPA 9.1 5.5 3.6 0.0

Buenos Aires SE 3 976.9 64.1 3 912.8 0.0

Lima SE 41.5 38.6 2.9 0.0

Mexican Exchange 31.9 NA NA NA

Santiago SE 12 988.2 5 007.3 7 981.0 0.0

TMX Group NA NA 339.5 NA


ASIA - PACIFICAustralian SE 295.8 NA NA NA

BSE India 1 085.4 23.5 1 061.9 0.0

Bursa Malaysia 10.3 10.3 0.0 0.0

Colombo SE 0.2 0.2 0.0 0.0

GreTai Securities Market 27 402.6 3 708.0 23 694.6 0.0

Hong Kong Exchanges 22.6 0.0 22.6 0.0

Korea Exchange 94 199.7 383.0 93 816.6 NA

National Stock Exchange India 9 464.9 1 336.0 8 129.0 0.0

Osaka SE 0.0 0.0 0.0 0.0

Philippine SE NA NA NA NA

Shanghai SE 11 495.2 10 069.7 1 425.5 NA

Shenzhen SE 3 581.9 3 572.2 9.7 NA

Taiwan SE Corp. 0.0 0.0 0.0 0.0

The Stock Exchange of Thailand 0.2 0.2 0.0 0.0

Tokyo SE Group 126.2 126.2 0.0 NA


EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 0.0 0.0 0.0

Athens Exchange 0.1 0.0 0.0 0.1

BME Spanish Exchanges 700 357.7 227 391.0 472 967.0 0.0

Budapest SE 1.1 1.1 0.0 0.0

Casablanca SE 150.0 150.0 0.0 0.0

Cyprus SE 0.1 0.1 0.0 0.0

Deutsche Börse 3 457.5 767.1 1 767.9 922.6

Egyptian Exchange 778.1 0.0 778.0 0.0

İMKB 51 390.3 1 011.3 46 944.2 3 434.9

Irish SE 4 347.0 0.0 4 347.0 0.0

Johannesburg SE 217 673.0 7 219.0 210 192.0 262.4

Ljubljana SE 2.9 1.1 1.8 0.0

London SE Group 392 882.0 9 893.4 373 130.0 9 858.2

Luxembourg SE 16.4 0.0 0.0 16.4

Malta SE 75.7 5.2 70.4 0.0

Mauritius SE 0.0 0.0 0.0 0.0

MICEX / RTS 32 907.5 15 304.9 17 510.5 92.1

NASDAQ OMX Nordic Exchange 352 023.3 230 142.0 107 897.0 13 984.1

NYSE Euronext (Europe) 1 616.6 0.0 533.2 1 083.4

Oslo Børs 43 357.9 7 349.6 35 969.6 38.7

Saudi Stock Exchange - Tadawul 0.0 0.0 0.0 0.0

SIX Swiss Exchange 16 683.3 3 791.7 4 316.5 8 575.1

Tel-Aviv SE 22 123.5 4 935.9 17 187.7 0.0

Warsaw SE 84.7 69.4 15.2 0.0

Wiener Börse 12.2 10.5 0.4 1.2


WFE TOTAL 2 004 673.4


Trading days November 2012

Year-to-date



Foreign sector

19 285.0 238.6 46.4 0.0

20 33 411.7 760.4 32 651.3 0.0

21 485.4 476.6 7.9 0.9

20 182.9 0.0 0.0 0.0

20 156 241.0 59 990.0 96 251.0 0.0

22 3 338.6 0.0 5 510.4 0.0

193 944.6

22 2 579.6 0.0 0.0 0.0

20 18 320.2 786.9 17 533.3 0.0

20 176.4 176.4 0.0 0.0

20 0.5 0.5 0.0 0.0

22 333 750.1 44 928.7 288 815.0 6.9

22 323.6 0.0 323.6 0.0

22 1 144 476.0 6 060.9 1 138 420.0 0.0

21 124 994.4 17 035.6 107 959.0 0.0

21 0.0 0.0 0.0 0.0

19 0.0 0.0 0.0 0.0

22 108 548.2 92 775.0 15 773.2 0.0

22 19 271.1 19 142.8 128.3 0.0

22 0.0 0.0 0.0 0.0

22 5.7 5.7 0.0 0.0

21 1 453.0 1 453.0 0.0 0.0

1 753 899.0

20 0.0 0.0 0.0 0.0

22 10.4 0.4 0.0 10.1

22 10 452 962.6 3 028 220.0 7 424 740.0 0.0

20 22.9 15.0 7.9 0.0

20 731.0 672.6 21.5 36.9

22 29.3 29.0 0.3 0.0

22 41 497.3 7 462.9 22 881.5 11 152.9

20 6 007.2 1.4 6 005.8 0.0

22 488 983.6 9 135.6 441 432.0 38 416.5

22 48 802.6 0.0 48 802.6 0.0

22 2 677 194.9 94 431.0 2 582 470.0 290.7

21 66.6 30.9 35.7 0.0

22 4 265 581.8 87 708.1 4 062 280.0 115 594.0

21 423.1 0.0 14.4 408.8

22 785.9 57.1 728.9 0.0

20 1.4 1.4 0.0 0.0

21 293 463.2 149 605.0 142 808.0 1 049.8

22 2 780 787.9 1 575 820.0 1 141 230.0 63 731.2

22 14 498.2 0.0 4 823.7 9 674.5

22 428 761.4 66 669.2 361 504.0 588.0

20 118.9 118.9 0.0 0.0

22 185 595.3 41 477.7 53 571.4 90 546.2

21 228 832.9 50 108.1 178 725.0 0.0

21 525.8 370.6 153.8 1.3

21 141.1 111.8 5.8 23.5

21 915 825.4

23 863 669.0


FIxED INCOMEVAlUE OF BOND TRADING - ElECTRONIC ORDER BOOK TRADES (USD MIllIONS)

Exchange November 2012 Year-to-date



Foreign sector



Foreign sector

AMERICASBM&FBOVESPA 9.0 5.4 3.6 NA 262.8 216.5 46.4 0.0

Buenos Aires SE 1 456.8 37.2 1 419.5 NA 11 227.1 351.9 10 875.2 0.0

Lima SE 4.4 4.4 0.0 0.0 22.5 22.5 0.0 0.1

Santiago SE 7 793.1 2 372.6 5 420.5 NA 95 322.4 26 170.7 69 151.7 0.0

Total region 9 263.2 106 834.9

ASIA - PACIFICBSE India 23.5 23.5 NA NA 786.9 786.9 0.0 0.0

Bursa Malaysia 10.3 10.3 0.0 0.0 105.6 105.6 0.0 0.0

Colombo SE 0.2 0.2 NA NA 0.5 0.5 0.0 0.0

GreTai Securities Market 324.0 324.0 0.0 0.0 4 626.9 4 626.9 0.0 0.0

Hong Kong Exchanges 22.6 0.0 22.6 0.0 294.9 0.0 294.9 0.0

Korea Exchange 94 199.7 383.0 93 816.6 NA 1 144 476.0 6 060.9 1 138 420.0 0.0

National Stock Exchange India 22.7 21.2 1.5 NA 717.2 683.3 34.0 0.0

Shanghai SE 10 297.3 9 128.3 1 169.0 NA 95 358.5 82 414.2 12 944.3 0.0

Shenzhen SE 1 839.4 1 838.9 0.6 NA 12 510.9 12 502.3 8.6 0.0

The Stock Exchange of Thailand 0.2 0.2 NA NA 4.2 4.2 0.0 0.0

Tokyo SE Group 60.8 60.8 0.0 NA 829.4 829.4 0.0 0.0

Total region 106 800.7 1 259 711.2

EUROPE - AFRICA - MIDDlE EASTAthens Exchange 0.1 0.0 0.0 0.1 10.4 0.4 0.0 10.1

BME Spanish Exchanges 3 221.5 20.8 3 200.7 0.0 52 239.0 1 816.8 50 422.3 0.0

Budapest SE 0.7 0.7 0.0 0.0 14.6 14.6 0.0 0.0

Casablanca SE 150.0 150.0 0.0 0.0 326.9 302.3 0.0 24.6

Cyprus SE 0.1 0.1 0.0 0.0 29.1 28.7 0.3 0.0

Deutsche Börse 2 017.0 462.2 1 081.2 473.7 22 664.3 4 436.9 12 766.1 5 461.4

İMKB 19 295.6 541.4 18 754.0 0.3 190 076.9 3 591.9 186 434.0 50.5

Ljubljana SE 2.9 1.1 1.8 0.0 66.6 30.9 35.7 0.0

London SE Group 32 240.9 1 814.3 28 742.4 1 684.2 387 272.5 15 795.2 354 677.0 16 800.6

Luxembourg SE 16.4 0.0 0.0 16.4 423.1 0.0 14.4 408.8

Malta SE 75.7 5.2 70.4 0.0 785.9 57.1 728.9 0.0

Mauritius SE 0.0 0.0 NA NA 1.4 1.4 0.0 0.0

MICEX / RTS 7 029.2 4 253.8 2 714.3 61.1 70 183.9 40 156.5 29 697.3 330.2

NASDAQ OMX Nordic Exchange 885.2 280.9 584.3 19.9 43 040.9 34 674.6 8 222.7 143.6

NYSE Euronext (Europe) 1 616.6 0.0 533.2 1 083.4 14 480.0 0.0 4 821.1 9 658.9

Oslo Børs 1 411.7 0.0 1 411.7 0.0 23 373.7 0.0 23 373.7 0.0

Saudi Stock Exchange - Tadawul 0.0 0.0 NA NA 33.1 33.1 0.0 0.0

SIX Swiss Exchange 3 338.6 854.4 346.9 2 137.3 39 066.7 9 972.6 6 241.5 22 852.7

Tel-Aviv SE 17 975.1 4 633.6 13 341.6 NA 187 319.7 45 115.8 142 204.0 0.0

Warsaw SE 72.6 57.5 15.1 0.0 474.7 321.8 151.6 1.3

Wiener Börse 12.2 10.5 0.4 1.2 141.1 111.8 5.8 23.5

Total region 89 361.9 1 032 024.5

WFE TOTAL 205 425.8 2 398 570.6

Notes: NASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock ExchangesDue to different reporting rules & calculation methods, turnover figures are not entirely comparable



VAlUE OF BOND TRADING - NEGOTIATED DEAlS (USD MIllIONS)

Exchange November 2012 Year-to-date



Foreign sector



Foreign sector

AMERICASBM&FBOVESPA 0.1 0.1 NA NA 22.2 22.2 0.0 0.0

Buenos Aires SE 2 520.1 26.9 2 493.3 NA 22 184.7 408.5 21 776.1 0.0

Lima SE 37.2 34.3 2.9 0.0 462.8 454.1 7.9 0.8

Mexican Exchange 0.0 NA NA NA 0.0 0.0 0.0 0.0

Santiago SE 5 195.1 2 634.7 2 560.5 NA 60 918.6 33 819.3 27 099.2 0.0

TMX Group 0.0 NA NA NA 0.0 0.0 0.0 0.0

Total region 7 752.5 83 588.2

ASIA - PACIFICAustralian SE 0.0 NA NA NA 0.0 0.0 0.0 0.0

BSE India 1 061.9 NA 1 061.9 NA 17 533.3 0.0 17 533.3 0.0

Bursa Malaysia 0.0 0.0 0.0 0.0 70.8 70.8 0.0 0.0

Colombo SE 0.0 NA NA NA 0.0 0.0 0.0 0.0

GreTai Securities Market 27 078.6 3 384.0 23 694.6 0.0 329 123.2 40 301.7 288 815.0 6.9

Hong Kong Exchanges 0.0 0.0 0.0 0.0 28.7 0.0 28.7 0.0

Korea Exchange 0.0 NA NA NA 0.0 0.0 0.0 0.0

National Stock Exchange India 9 442.2 1 314.7 8 127.5 NA 124 277.2 16 352.3 107 925.0 0.0

Osaka SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Philippine SE 0.0 NA NA NA 0.0 0.0 0.0 0.0

Shanghai SE 1 197.9 941.4 256.5 NA 13 189.8 10 360.8 2 829.0 0.0

Shenzhen SE 1 742.4 1 733.4 9.1 NA 6 760.1 6 640.5 119.7 0.0

Taiwan SE Corp. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

The Stock Exchange of Thailand 0.0 NA NA NA 1.6 1.6 0.0 0.0

Tokyo SE Group 65.5 65.5 NA NA 623.6 623.6 0.0 0.0

Total region 40 588.5 491 608.2

EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 NA NA NA 0.0 0.0 0.0 0.0

Athens Exchange 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

BME Spanish Exchanges 697 136.2 227 370.0 469 766.0 0.0 10 400 723.5 3 026 410.0 7 374 320.0 0.0

Budapest SE 0.4 0.4 0.0 0.0 8.3 0.4 7.9 0.0

Casablanca SE 0.0 0.0 0.0 0.0 404.1 370.3 21.5 12.3

Cyprus SE 0.0 0.0 0.0 0.0 0.3 0.3 0.0 0.0

Deutsche Börse 1 440.5 304.9 686.7 449.0 18 833.0 3 026.1 10 115.4 5 691.5

Egyptian Exchange 0.0 NA NA NA 0.0 0.0 0.0 0.0

İMKB 32 095.0 469.9 28 190.2 3 434.9 298 907.4 5 543.7 254 997.0 38 366.4

Irish SE 4 347.0 0.0 4 347.0 0.0 48 802.6 0.0 48 802.6 0.0

Johannesburg SE 217 673.0 7 219.0 210 192.0 262.4 2 677 194.9 94 431.0 2 582 470.0 290.7

Ljubljana SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

London SE Group 360 641.2 8 079.1 344 388.0 8 174.0 3 878 311.9 71 918.1 3 707 600.0 98 789.4

Luxembourg SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Malta SE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Mauritius SE 0.0 NA NA NA 0.0 0.0 0.0 0.0

MICEX / RTS 25 878.3 11 051.1 14 796.2 31.1 223 279.3 109 449.0 113 111.0 719.6

NASDAQ OMX Nordic Exchange 351 138.1 229 861.0 107 313.0 13 964.2 2 737 747.0 1 541 150.0 1 133 010.0 63 587.5

NYSE Euronext (Europe) 0.0 0.0 0.0 0.0 18.2 0.0 2.6 15.6

Oslo Børs 41 946.2 7 349.6 34 557.9 38.7 405 387.7 66 669.2 338 131.0 588.0

Saudi Stock Exchange - Tadawul 0.0 NA NA NA 85.8 85.8 0.0 0.0

SIX Swiss Exchange 13 344.7 2 937.3 3 969.6 6 437.8 146 528.6 31 505.1 47 330.0 67 693.5

Tel-Aviv SE 4 148.4 302.3 3 846.1 NA 41 513.2 4 992.3 36 520.9 0.0

Warsaw SE 12.1 12.0 0.2 0.0 51.0 48.8 2.3 0.0

Wiener Börse 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Total region 1 749 801.0 20 877 796.9

WFE TOTAL 1 798 142.1 21 452 993.3

Notes: NASDAQ OMX Nordic Exchange: OMX includes Copenhagen, Helsinki, Iceland, Stockholm, Tallinn, Riga and Vilnius Stock ExchangesDue to different reporting rules & calculation methods, turnover figures are not entirely comparable


FIxED INCOME


FIxED INCOMEBOND TRADES - TOTAl NUMBER OF TRADES IN BONDS (IN THOUSANDS)



Exchange 2012


AMERICASBM&FBOVESPA 0.3 0.2 0.2 0.2 0.3 0.2

Buenos Aires SE 46.5 45.9 56.0 44.4 59.4 52.6

Colombia SE 59.3 66.3 65.4 52.3 58.9 54.8

Lima SE 0.1 0.1 0.1 0.1 0.1 0.1

Mexican Exchange 223.0 214.0 228.0 201.0 258.0 163.0

Santiago SE 26.8 22.2 29.7 25.1 32.3 30.5

TMX Group 23.1 22.8 24.1 22.5 20.0 25.2

Total region 379.1 371.6 403.4 345.7 428.9 326.4

ASIA - PACIFICBSE India 9.7 35.1 34.1 24.4 17.1 13.8

Bursa Malaysia 3.1 5.5 18.8 5.6 3.7 3.1

Colombo SE 0.0 0.0 0.0 0.0 0.0 0.0

Hong Kong Exchanges 0.6 1.0 0.9 0.4 0.5 20.2

Korea Exchange 260.5 246.1 293.2 260.9 333.9 359.4

National Stock Exchange India 18.6 38.3 57.0 23.6 19.6 15.9

Shanghai SE 172.6 245.4 246.3 175.7 232.2 207.7

Shenzhen SE 66.2 98.1 99.8 79.4 119.2 101.3

Taiwan SE Corp. 0.0 0.0 0.0 0.0 0.0 0.0

The Stock Exchange of Thailand 0.0 0.0 0.0 0.0 0.0 0.0

Total region 531.3 669.4 750.1 570.1 726.1 721.4

EUROPE - AFRICA - MIDDlE EASTAmman SE 0.0 0.0 0.0 0.0 NA 0.0

Athens Exchange 0.4 0.5 0.4 0.1 0.0 0.1

BME Spanish Exchanges 324.1 63.1 85.8 227.9 86.1 144.5

Budapest SE 0.1 0.1 0.1 0.1 0.1 0.1

Casablanca SE 0.0 0.0 0.0 0.0 0.0 0.0

Cyprus SE 1.1 1.8 0.9 0.1 0.4 0.5

Deutsche Börse 52.6 57.5 79.4 72.7 70.6 57.1

Egyptian Exchange 0.1 0.1 0.1 0.1 0.1 0.1

İMKB 61.6 56.9 52.9 56.0 53.4 52.3

Irish SE 2.5 2.1 2.1 1.1 1.6 1.1

Johannesburg SE 30.4 33.3 34.6 27.3 36.1 33.8

Ljubljana SE 0.1 0.2 0.2 0.2 0.2 0.1

London SE Group 556.0 682.0 818.0 459.0 492.0 492.0

Luxembourg SE 0.2 0.2 0.4 0.3 0.3 0.3

Malta SE 1.3 0.7 0.8 0.7 0.8 0.9

Mauritius SE 0.0 0.0 0.0 0.0 0.0 0.2

MICEX / RTS 26.7 34.9 36.9 34.6 32.2 32.4

NASDAQ OMX Nordic Exchange 9.6 9.9 12.0 11.9 13.8 10.2

NYSE Euronext (Europe) 50.5 50.2 54.6 50.4 51.3 56.8

Oslo Børs 3.0 2.4 2.6 1.5 2.0 2.4

SIX Swiss Exchange 49.7 55.0 50.9 40.5 45.4 51.5

Tel-Aviv SE 576.3 470.6 475.1 455.2 612.5 526.6

Warsaw SE 2.7 4.0 3.4 3.2 3.0 NA

Wiener Börse 0.9 1.0 0.8 0.7 0.8 0.8

Total region 1 749.7 1 526.2 1 712.0 1 443.5 1 502.6 1 463.8

WFE TOTAL 2 660.1 2 567.2 2 865.6 2 359.3 2 657.6 2 511.6


2012 Trading days Nov 2012

Year-to-date % change / last month


0.2 0.2 0.2 0.2 0.2 22 2.5 -12.5%

63.7 63.6 67.7 72.7 79.0 22 651.5 8.8%

53.3 56.2 61.8 68.6 NA 22 596.8 -

0.2 0.1 0.1 0.1 0.1 20 1.2 -20.0%

181.0 116.7 131.4 282.6 264.0 20 2 262.6 -6.6%

24.8 25.3 19.6 23.1 23.4 22 282.8 1.4%

24.8 23.1 18.8 17.7 17.5 22 239.4 -1.2%

347.9 285.1 299.6 464.9 384.2 4 036.7 -17.4%

12.8 13.6 15.1 13.6 11.9 21 201.1 -12.7%

4.2 4.9 3.8 4.8 4.2 22 61.6 -10.9%

0.0 0.0 0.0 0.0 0.0 22 0.0 -

7.1 3.1 1.9 1.9 1.6 20 39.1 -11.9%

303.0 378.1 433.9 217.8 207.6 21 3 294.3 -4.7%

18.3 17.8 24.0 21.4 17.1 21 271.6 -20.1%

189.7 153.9 178.4 190.8 242.6 18 2 235.3 27.2%

93.9 77.6 72.9 87.0 145.1 18 1 040.6 66.8%

0.0 0.0 0.0 0.0 0.0 22 0.0 -

0.0 0.0 0.0 0.0 0.0 22 0.1 -

629.0 649.1 730.0 537.1 630.2 7 143.6 17.3%

NA NA 0.0 0.0 0.0 20 0.0 -

0.0 0.0 0.0 0.0 0.0 23 1.6 -33.3%

82.0 204.3 58.5 123.1 144.5 23 1 543.7 17.4%

0.1 0.0 0.1 0.1 0.2 21 1.0 171.4%

0.0 0.0 0.0 0.0 0.0 22 0.1 -

0.1 0.1 0.1 0.1 0.1 22 5.3 -38.5%

62.1 58.0 54.6 74.0 62.6 23 701.2 -15.4%

0.1 0.1 0.2 0.1 0.1 20 1.1 0.0%

60.2 45.9 49.0 55.3 49.7 20 593.2 -10.2%

1.8 1.5 2.4 2.5 2.2 23 20.8 -14.2%

40.3 32.2 32.5 43.4 31.8 23 375.8 -26.7%

0.1 0.2 0.2 0.1 0.1 22 1.8 -7.7%

477.0 402.0 593.0 808.0 549.0 23 6 328.0 -32.1%

0.5 0.5 0.6 0.7 0.6 23 4.5 -19.7%

0.8 0.8 0.6 1.0 0.7 23 9.1 -26.0%

0.0 0.0 0.0 0.0 0.0 23 0.3 0.0%

40.9 36.3 35.5 43.7 39.6 23 393.8 -9.3%

7.9 12.6 14.3 15.6 15.1 23 132.8 -3.6%

62.9 53.0 58.0 66.7 63.7 23 618.2 -4.4%

1.6 2.3 2.6 2.7 2.9 23 26.0 7.4%

50.7 45.2 41.6 46.0 47.0 23 523.4 2.2%

582.0 559.2 392.5 533.3 581.4 20 5 764.6 9.0%

3.6 3.9 3.9 3.9 3.9 23 35.5 0.3%

0.7 0.6 0.6 1.0 0.8 22 8.5 -12.6%

1 475.3 1 458.7 1 340.8 1 821.3 1 596.1 17 090.0 -12.4%

2 452.2 2 393.0 2 370.4 2 823.3 2 610.5 0 28 270.7 -7.5%


BOND TRADES - ElECTRONIC ORDER BOOK TRADES (IN THOUSANDS)



Exchange 2012


AMERICAS

BM&FBOVESPA 0.3 0.2 0.2 0.2 0.3 0.2

Buenos Aires SE 29.0 32.0 35.8 28.8 39.3 34.5

Colombia SE 59.3 66.3 65.4 52.3 58.9 54.8

Lima SE 0.0 0.0 0.0 0.0 0.0 0.0

Mexican Exchange 223.0 214.0 228.0 201.0 258.0 163.0

Santiago SE 17.3 14.5 20.1 15.0 21.2 22.0

Total region 328.9 327.0 349.5 297.2 377.6 274.6

ASIA - PACIFIC

BSE India 9.3 34.7 33.7 24.1 16.6 12.9

Bursa Malaysia 3.1 5.4 18.8 5.6 3.7 3.1

Colombo SE 0.0 0.0 0.0 0.0 0.0 0.0


Korea Exchange 260.5 246.1 293.2 260.9 333.9 359.4


Shanghai SE 172.0 244.7 245.3 175.0 231.1 206.6

Shenzhen SE 66.2 98.0 99.7 79.3 119.1 101.2

The Stock Exchange of Thailand 0.0 0.0 0.0 0.0 0.0 0.0

Total region 527.2 666.3 746.9 567.2 722.4 716.7


Athens Exchange 0.4 0.5 0.4 0.1 0.0 0.1


Budapest SE 0.1 0.1 0.1 0.1 0.1 0.1

Casablanca SE 0.0 0.0 0.0 0.0 0.0 0.0

Cyprus SE 1.1 1.8 0.9 0.1 0.4 0.5

Deutsche Börse 43.6 48.5 70.4 60.6 58.9 49.6

İMKB 20.4 27.4 25.6 21.1 22.4 23.5

Ljubljana SE 0.1 0.2 0.2 0.2 0.2 0.1

London SE Group 521.0 644.0 778.0 429.0 456.0 460.0

Luxembourg SE 0.2 0.2 0.4 0.3 0.3 0.3

Malta SE 1.3 0.7 0.8 0.7 0.8 0.9

Mauritius SE 0.0 0.0 0.0 0.0 0.0 0.2

MICEX / RTS 22.5 28.7 30.4 29.0 26.9 26.9

NASDAQ OMX Nordic Exchange 9.6 9.9 12.0 11.9 13.8 10.2


Oslo Børs 0.4 0.1 0.1 0.1 0.1 0.2


Tel-Aviv SE 573.1 468.3 472.2 453.4 610.8 524.4

Warsaw SE 2.7 4.0 3.3 3.2 3.0 NA

Wiener Börse 0.9 1.0 0.8 0.7 0.8 0.8

Total region 1 291.8 1 337.1 1 497.0 1 097.3 1 286.6 1 200.0

WFE TOTAL 2 147.9 2 330.4 2 593.5 1 961.8 2 386.7 2 191.2

FIxED INCOME


2012 Year-to-date % change /last month


0.2 0.2 0.2 0.2 0.2 2.5 -12.5%

42.4 42.1 46.6 49.1 56.3 435.9 14.7%

53.3 56.2 61.8 68.6 NA 596.8 -

0.2 0.0 0.0 0.0 0.0 0.2 -

181.0 116.7 131.4 282.6 264.0 2 262.6 -6.6%

17.0 16.2 12.3 14.5 15.4 185.4 6.4%

294.0 231.4 252.2 414.9 335.9 3 483.2 -19.1%

12.0 13.0 14.5 12.8 11.4 195.0 -11.4%

4.2 4.9 3.8 4.8 4.2 61.5 -10.7%

0.0 0.0 0.0 0.0 0.0 0.0 -

7.1 3.1 1.9 1.9 1.6 39.0 -11.9%

303.0 378.1 433.9 217.8 207.6 3 294.3 -4.7%

15.8 15.9 21.4 19.0 15.4 247.5 -19.1%

188.6 153.2 177.6 189.8 241.3 2 225.2 27.1%

93.7 77.4 72.7 86.8 144.5 1 038.6 66.5%

0.0 0.0 0.0 0.0 0.0 0.1 0.0%

624.5 645.6 725.7 532.8 626.1 7 101.3 17.5%

0.0 0.0 0.0 0.0 0.0 1.5 -33.3%

3.6 3.9 2.5 3.3 2.8 31.0 -15.2%

0.1 0.0 0.1 0.1 0.1 0.8 28.6%

0.0 0.0 0.0 0.0 0.0 0.1 -

0.1 0.1 0.1 0.1 0.1 5.3 -38.5%

55.1 51.1 48.1 67.5 56.0 609.0 -17.1%

25.5 21.6 26.4 32.5 23.8 270.2 -26.8%

0.1 0.2 0.2 0.1 0.1 1.8 -7.7%

443.0 372.0 559.0 771.0 515.0 5 948.0 -33.2%

0.5 0.5 0.6 0.7 0.6 4.5 -19.7%

0.8 0.8 0.6 1.0 0.7 9.1 -26.0%

0.0 0.0 0.0 0.0 0.0 0.3 0.0%

32.7 29.9 29.6 35.0 32.3 323.9 -7.5%

7.9 12.6 14.3 15.6 15.1 132.8 -3.6%

62.9 53.0 58.0 66.7 63.7 618.1 -4.4%

0.1 0.2 0.1 0.1 0.1 1.7 -23.1%

43.6 39.2 34.7 39.5 39.9 447.3 1.1%

580.1 557.0 390.8 530.7 578.2 5 738.9 8.9%

3.6 3.9 3.9 3.9 3.9 35.3 0.5%

0.7 0.6 0.6 1.0 0.8 8.5 -12.6%

1 260.4 1 146.5 1 169.7 1 568.8 1 333.3 14 188.2 -15.0%

2 179.0 2 023.5 2 147.5 2 516.5 2 295.2 24 773.1 -8.8%


FIxED INCOMEBOND TRADES - NEGOTIATED DEAlS (IN THOUSANDS)



Exchange 2012


AMERICASBuenos Aires SE 17.6 14.0 20.2 15.7 20.0 18.1

Lima SE 0.1 0.1 0.1 0.1 0.1 0.1

Santiago SE 9.5 7.7 9.5 10.2 11.1 8.5

Total region 27.2 21.8 29.8 26.0 31.3 26.7

ASIA - PACIFICBSE India 0.4 0.4 0.4 0.3 0.4 0.9

Bursa Malaysia 0.0 0.0 0.0 0.0 0.0 0.0



Shanghai SE 0.6 0.7 1.0 0.7 1.1 1.1

Shenzhen SE 0.0 0.1 0.1 0.1 0.1 0.1

Total region 4.1 3.1 3.2 2.8 3.7 4.7

EUROPE - AFRICA - MIDDlE EASTAthens Exchange 0.0 0.0 0.0 0.0 0.0 0.0


Budapest SE 0.0 0.0 0.0 0.0 0.0 0.0

Casablanca SE 0.0 0.0 0.0 0.0 0.0 0.0

Deutsche Börse 9.0 9.0 9.0 12.2 11.7 7.6

İMKB 41.2 29.5 27.3 34.9 31.0 28.7

Irish SE 2.5 2.1 2.1 1.1 1.6 1.1

Johannesburg SE 30.4 33.3 34.6 27.3 36.1 33.8

London SE Group 35.0 38.0 39.0 30.0 36.0 32.0

MICEX / RTS 4.2 6.2 6.5 5.6 5.3 5.6


Oslo Børs 2.6 2.2 2.5 1.4 1.9 2.2


Tel-Aviv SE 3.2 2.3 2.9 1.9 1.7 2.1

Warsaw SE 0.0 0.0 0.0 0.0 0.0 NA

Total region 457.8 189.0 214.0 346.2 215.9 263.7

WFE TOTAL 489.0 213.9 247.0 375.0 250.9 295.1


2012 Year-to-date % change /last month


21.2 21.5 21.2 23.6 22.7 215.7 -3.6%

0.0 0.1 0.1 0.1 0.1 1.0 -20.0%

7.8 9.1 7.4 8.6 8.0 97.4 -6.9%

29.0 30.7 28.6 32.3 30.8 314.1 -4.5%

0.8 0.6 0.6 0.8 0.5 6.0 -34.2%

0.0 0.0 0.0 0.0 0.0 0.1 -100.0%

0.0 0.0 0.0 0.0 0.0 0.1 -

2.4 1.9 2.7 2.4 1.7 24.1 -27.7%

1.1 0.8 0.8 1.0 1.3 10.2 35.8%

0.2 0.2 0.2 0.2 0.6 2.0 181.8%

4.5 3.5 4.3 4.3 4.1 42.4 -4.4%

0.0 0.0 0.0 0.0 0.0 0.0 -

78.3 200.3 56.0 119.8 141.7 1 512.7 18.3%

0.0 0.0 0.0 0.0 0.1 0.1 -

0.0 0.0 0.0 0.0 0.0 0.0 -

7.1 7.0 6.5 6.5 6.7 92.2 2.3%

34.7 24.4 22.6 22.8 25.9 323.0 13.5%

1.8 1.5 2.4 2.5 2.2 20.8 -14.2%

40.3 32.2 32.5 43.4 31.8 375.8 -26.7%

34.0 30.0 34.0 37.0 34.0 379.0 -8.1%

8.2 6.4 5.9 8.7 7.3 69.8 -16.1%

0.0 0.0 0.0 0.0 0.0 0.1 0.0%

1.5 2.2 2.5 2.6 2.8 24.3 8.9%

7.1 6.0 6.9 6.5 7.1 76.1 9.0%

1.9 2.3 1.7 2.6 3.3 25.7 23.6%

0.0 0.0 0.0 0.0 0.0 0.2 -50.0%

214.8 312.2 170.9 252.5 262.8 2 899.7 4.0%

248.3 346.4 203.8 289.0 297.7 3 256.2 3.0%


INVESTMENT FlOWS - CAPITAl RAISED BY BONDS ISSUANCE (USD MIllIONS)



Exchange 2012


AMERICASBM&FBOVESPA 433.8 0.0 1 081.1 2 111.6 536.2 253.7

Buenos Aires SE 1 984.8 1 260.4 1 417.7 1 566.7 1 670.2 1 018.0

Colombia SE 221.3 217.4 0.0 0.6 184.6 0.0

Lima SE 30.0 109.9 18.7 206.4 125.5 219.2

TMX Group 0.0 409.1 264.4 355.3 106.2 122.7

Total region 2 669.9 1 996.9 2 782.0 4 240.5 2 622.8 1 613.7

ASIA - PACIFICBSE India 692.1 1 724.0 916.1 1 226.8 1 863.6 1 431.4

Bursa Malaysia 0.0 0.0 249.5 0.6 0.0 5.9



Korea Exchange 36 642.9 45 192.7 50 333.2 42 396.5 37 546.2 42 282.5


Osaka SE 0.0 95.1 504.3 3.1 19.1 13.8

Shenzhen SE 729.2 158.9 655.8 1 351.8 898.1 1 207.1

Singapore Exchange 10 766.8 13 191.7 20 035.8 14 023.3 6 276.4 8 632.0

Taiwan SE Corp. 2 703.8 2 211.2 2 710.5 0.0 1 005.1 0.0

The Stock Exchange of Thailand 2 129.5 938.4 1 802.4 2 748.3 770.1 658.1

Tokyo SE Group 2 662.3 1 695.1 9 109.9 5 091.1 5 317.9 5 114.7

Total region 81 523.0 95 572.7 114 868.0 90 998.8 88 470.8 88 453.1

EUROPE - AFRICA - MIDDlE EASTAmman SE 890.5 916.4 50.0 829.5 1 129.0 529.5

Budapest SE 1 151.4 2 329.9 1 862.9 1 930.9 2 376.6 1 268.0

Casablanca SE 23.5 0.0 0.0 0.0 0.0 8.6

Cyprus SE 488.3 361.2 856.3 0.0 577.4 2 887.1

Deutsche Börse 50 141.7 49 875.2 33 118.2 43 607.7 46 302.0 37 274.1

Egyptian Exchange 663.5 1 741.1 1 655.6 1 671.7 1 876.5 907.8

İMKB 13 002.8 10 765.0 6 574.3 9 184.8 3 018.5 3 331.8

Irish SE 4 621.0 0.0 0.0 4 581.1 0.0 0.0

Johannesburg SE 1 604.5 3 098.3 5 825.0 3 905.2 4 012.4 2 855.2

Ljubljana SE 0.0 44.1 0.0 0.0 0.0 8.2

London SE Group 51 543.4 111 637.2 73 928.6 97 074.8 61 279.7 58 593.9

Luxembourg SE 136 051.6 199 534.2 226 150.5 117 959.6 261 459.1 110 221.3

Malta SE 74.2 440.5 59.3 154.2 86.3 142.8

Mauritius SE NA NA NA NA NA NA

MICEX / RTS 1 752.9 7 464.6 7 334.4 5 368.7 0.0 14 345.1


Oslo Børs 10 231.3 3 846.9 18 927.6 4 301.4 5 682.0 19 890.7


Tel-Aviv SE 3 627.3 2 589.0 2 316.6 2 876.8 2 579.1 2 965.3

Wiener Börse 10 764.1 4 187.0 4 673.1 3 624.5 4 262.1 3 532.6

Total region 297 578.6 415 270.3 398 961.9 307 845.3 405 359.8 270 556.1

WFE TOTAL 381 771.4 512 839.9 516 611.9 403 084.5 496 453.3 360 622.9

FIxED INCOME


2012 Year-to-date


195.0 608.9 304.6 824.4 153.1 6 502.4

2 009.5 1 173.7 1 816.2 1 307.3 1 271.1 16 495.8

279.2 834.9 805.2 257.8 NA 2 800.9

171.1 53.6 3.0 312.1 133.3 1 382.9

411.0 98.8 343.0 150.1 57.9 2 318.5

3 065.8 2 769.9 3 272.0 2 851.6 1 615.5 29 500.5

1 831.9 2 936.4 1 223.7 2 255.9 2 285.2 18 386.9

0.0 0.0 0.0 0.0 0.0 256.0

2 178.9 5 278.1 3 600.7 2 278.5 3 925.4 40 304.7

4 139.1 2 101.3 3 740.9 3 844.1 3 114.4 40 518.8

43 175.8 36 046.1 41 800.1 44 806.7 43 672.3 463 895.0

22 657.9 23 245.8 18 735.8 18 164.0 20 354.9 228 688.6

94.0 0.0 0.0 1.1 1 818.8 2 549.4

1 540.2 562.3 794.0 372.0 1 066.4 9 335.7

18 444.1 9 336.2 14 567.5 15 523.3 12 499.0 143 296.0

1 000.3 2 003.3 1 194.0 0.0 430.2 13 258.4

2 715.6 2 349.2 319.4 1 843.4 1 922.3 18 196.5

7 695.3 2 490.4 10 010.3 4 846.7 NA 54 033.6

105 473.0 86 349.3 95 986.3 93 935.7 91 089.0 1 032 719.7

1 235.5 671.6 211.8 706.4 1 087.9 8 258.1

1 773.9 1 744.1 2 009.4 2 301.4 4 905.9 23 654.4

6.3 0.0 0.0 0.0 29.8 68.2

527.1 675.7 110.6 311.0 2 595.7 9 390.2

67 934.7 32 929.4 58 016.1 46 921.0 38 221.6 504 341.7

1 958.9 2 146.6 2 132.3 1 267.9 736.4 16 758.2

5 019.1 10 016.8 7 376.4 4 750.2 10 289.1 83 328.7

615.8 6 596.5 1 957.2 647.9 650.3 19 669.7

2 664.6 4 187.3 4 585.9 5 198.5 4 964.3 42 901.4

0.0 0.0 0.0 0.0 0.0 52.4

116 448.3 37 331.4 72 507.4 83 803.3 106 549.6 870 697.6

120 610.8 230 339.5 87 145.5 104 082.5 86 789.8 1 680 344.5

271.1 136.3 177.9 46.7 351.7 1 940.8

13.0 35.3 NA NA NA 48.3

4 316.9 5 528.9 5 202.4 13 762.2 4 521.9 69 598.0

4 200.4 2 253.0 17 524.3 2 242.3 3 641.7 58 450.0

1 687.4 2 233.9 15 601.6 5 786.8 4 352.9 92 542.4

11 371.2 3 005.4 9 124.8 7 867.6 8 374.1 87 457.8

3 157.7 2 298.3 2 096.1 2 082.4 2 646.2 29 234.9

7 911.8 497.2 8 179.9 5 104.1 2 718.2 55 454.5

351 724.3 342 626.8 293 959.5 286 882.2 283 427.0 3 654 191.8

460 263.1 431 746.0 393 217.8 383 669.6 376 131.5 4 716 412.0


DERIVATIVESSINGlE STOCK OPTIONS AND FUTURES

Notes: NASDAQ OMX Nordic Exchange: includes Copenhagen, Helsinki and Stockholm Exchanges only; derivatives are not traded on other OMX ExchangesNA: Not availableSource: World Federation of Exchanges members


Stock options Single stock futures

Number ofcontracts traded

Notionalturnover

Openinterest


Notionalturnover

Openinterest

AMERICASBM&FBOVESPA 64 606 361 79 126.3 14 945 200 NA NA NA

Bourse de Montreal 1 952 918 7 863.9 2 715 910 NA NA NA

Buenos Aires SE 2 178 595 NA NA NA NA NA

Chicago Board Options Exchange 33 706 929 NA 178 669 000 NA NA NA

International Securities Exchange 53 171 223 NA NA NA NA NA

MexDer 25 987 7.4 186 233 0 0.0 0

NASDAQ OMX (US) 55 456 083 NA NA NA NA NA

NYSE Euronext (US) 49 824 698 11 419.0 NA NA NA NA

Total region 260 922 794 0

ASIA - PACIFICASX Derivatives Trading 11 409 238 27 084.6 13 729 900 105 010 330.1 1 186 560

Bombay SE 5 742 23.0 105 459 2.4 0

Hong Kong Exchanges 4 836 755 12 034.4 5 849 080 35 663 99.6 21 687

Korea Exchange NA NA NA 9 749 596 4 811.3 885 225

National Stock Exchange India 5 974 095 33 012.3 171 886 12 203 483 64 239.5 1 163 800

Osaka SE 345 NA 5 242 NA NA NA

TAIFEX 7 409 21.0 3 912 367 251 1 392.0 99 758

Thailand Futures Exchange NA NA NA 304 367 NA 126 605

Tokyo SE Group 18 900 NA 74 264 NA NA NA

Total region 22 252 484 22 765 829

EUROPE - AFRICA - MIDDlE EASTAthens Derivatives Exchange 426 0.2 4 703 1 446 929 292.5 334 886

BME Spanish Exchanges 1 857 147 1 837.8 13 905 300 503 188 648.7 1 084 180

Budapest SE 0 0.0 0 57 577 243.3 31 138

EUREX 18 434 187 62 195.8 55 549 600 6 662 528 17 480.1 5 508 060

ICE Futures Europe 0 0.0 0 0 0.0 0

Johannesburg SE 954 272 21.2 2 467 570 1 073 124 929.9 3 134 200

MICEX / RTS 840 464 380.5 1 682 310 19 057 269 7 173.1 2 703 310

NYSE.Liffe Europe 8 002 970 26 816.2 29 886 800 33 453 915 88 820.4 7 508 600

OMX Nordic Exchange 2 766 909 3 667.9 4 514 120 130 194 227.3 110 539

Oslo Børs 294 815 190.8 685 008 62 719 40.6 258 520

Tel-Aviv SE 35 392 133.3 51 093 NA NA NA

Warsaw SE 0 0.0 0 58 371 149.0 18 133

Wiener Börse 16 601 35.7 89 512 0 0.0 0

Total region 33 203 183 62 505 814

WFE TOTAL 316 378 461 85 271 643


Trading days Nov 2012

Year-to-date

Stock options Single stock futures


Notionalturnover


Notionalturnover

19 870 434 629 1 250 020.0 NA NA

22 25 506 952 152 339.0 NA NA

20 37 820 497 NA 0 0.0

21 464 557 351 NA NA NA

21 408 783 239 NA NA NA

20 380 137 42.2 35 839 9.8

21 588 411 274 NA NA NA

21 549 928 332 152 330.0 NA NA

2 945 822 411 35 839

22 129 603 031 295 379.0 4 326 932 5 640.9

20 32 817 119.7 169 585 1 070.4

22 51 023 197 124 619.0 288 004 931.3

22 NA NA 92 508 434 48 487.7

20 51 481 605 276 862.0 140 247 361 724 609.0

21 45 056 NA NA NA

22 107 117 275.7 4 323 550 11 748.8

22 NA NA 1 939 742 NA

21 357 433 NA NA NA

232 650 256 243 803 608

22 27 453 24.1 11 815 161 2 405.5

22 30 344 626 31 161.8 19 297 306 19 162.9

20 0 0.0 542 542 1 898.0

22 202 399 012 702 981.0 185 791 805 490 552.0

0 0 0.0 0 0.0

22 9 196 529 332.6 24 013 454 16 476.9

21 5 342 995 2 253.9 226 486 143 84 557.7

22 105 455 615 314 860.0 229 300 532 679 080.0

23 26 174 727 40 836.9 1 565 718 2 123.6

22 3 105 969 2 204.5 1 316 905 935.9

21 397 571 1 201.3 NA NA

21 0 0.0 492 621 914.7

21 350 044 771.6 215 1.1

382 794 541 700 622 402

3 561 267 208 944 461 849


DERIVATIVESSTOCK INDEx OPTIONS AND FUTURES



Stock index options Stock index futures


Notionalturnover

Openinterest


Notionalturnover

Openinterest

AMERICASBM&FBOVESPA 55 342 15 142.7 67 900 1 579 905 43 039 300.0 299 151

Bourse de Montreal 45 524 321.1 147 348 221 853 31 265.4 150 585

Buenos Aires SE NA NA NA NA NA NA

CBOE Future Exchange NA NA NA 2 744 177 NA 387 363


CME Group 6 851 043 657 028.0 2 507 440 49 540 313 3 406 310.0 4 087 790

ICE Futures US 6 203 496.0 7 026 2 447 531 195 898.0 400 351

International Securities Exchange 465 888 NA NA NA NA NA

MexDer 3 933 123.0 9 606 36 026 1 155.0 68 193

NASDAQ OMX (US) 902 783 NA NA NA NA NA

NYSE Euronext (US) 313 524 NA 197 846 NA NA NA

Total region 38 110 981 56 569 805

ASIA - PACIFICASX Derivatives Trading 1 017 859 47 593.5 709 784 30 871 358.8 11 156

ASX SFE Derivatives Trading 30 144 3 454.0 115 916 609 483 70 506.0 277 314

Bombay SE 19 289 130 100 040.0 17 116 79 823 418.1 31 571

Bursa Malaysia Derivatives 736 0.3 NA 167 245 4 321.6 24 563

Hong Kong Exchanges 1 562 426 162 712.0 1 239 190 4 239 579 393 683.0 310 308

Korea Exchange 46 320 482 NA 880 764 4 494 703 518 467.0 117 286

National Stock Exchange India 62 225 955 327 431.0 2 305 660 6 169 741 31 208.2 502 165

Osaka SE 4 328 874 NA 3 600 370 13 088 378 284 056.0 1 219 410

Singapore Exchange 630 292 NA 1 394 620 6 470 495 NA 1 086 430

TAIFEX 12 597 656 157 114.0 1 046 790 3 727 603 131 589.0 111 603

Thailand Futures Exchange 3 268 NA 4 566 281 025 NA 46 296

Tokyo SE Group 7 916 NA 9 332 1 046 631 80 621.2 631 519

Total region 148 014 738 40 405 577

EUROPE - AFRICA - MIDDlE EASTAthens Derivatives Exchange 21 155 41.7 6 540 14 193 268.5 30 585

BME Spanish Exchanges 421 817 4 352.9 1 069 580 407 856 29 845.6 51 821

Budapest SE 0 0.0 0 61 074 52.1 99 713

EUREX 25 872 037 1 108 760.0 44 125 100 23 381 165 1 306 650.0 3 782 630


Johannesburg SE 538 238 312.4 1 049 850 970 696 29 409.5 432 948

MICEX / RTS 2 626 437 7 521.3 1 279 880 25 328 717 72 353.1 857 224

NYSE.Liffe Europe 3 638 491 250 137.0 5 341 900 5 818 873 388 675.0 1 669 380

OMX Nordic Exchange 1 284 510 12 832.1 1 359 950 2 524 451 39 655.5 482 350

Oslo Børs 72 861 47.2 45 822 343 469 222.3 87 866

Tel-Aviv SE 5 055 350 160 825.0 271 571 7 682 248.2 5 985

Warsaw SE 93 561 654.6 62 002 562 396 4 202.5 126 105

Wiener Börse 1 822 0.9 6 837 4 741 273.2 58 107

Total region 39 626 279 59 425 313

WFE TOTAL 225 751 998 156 400 695



Year-to-date

Stock index options Stock index futures


Notionalturnover


Notionalturnover

19 994 600 307 977.0 21 081 271 43 644 500.0

22 234 982 5 909.6 3 346 081 462 081.0

20 0 0.0 0 0.0

21 NA NA 21 445 942 NA

21 278 603 103 NA NA NA

21 53 232 637 5 481 950.0 540 766 404 37 295 500.0

21 64 001 5 125.0 30 861 768 2 472 960.0

21 5 041 377 NA NA NA

20 41 622 1 237.8 890 899 26 513.3

21 7 732 354 NA NA NA

21 4 012 146 NA NA NA

349 956 822 618 392 365

22 10 519 188 466 788.0 226 239 3 103.5

22 417 898 45 372.7 8 691 640 959 758.0

20 203 915 957 878 978.0 8 891 762 138 213.0

20 5 056 2.4 1 984 735 49 859.2

22 15 385 499 1 535 440.0 42 927 103 3 698 080.0

22 1 537 660 810 5 065 660.0 58 969 268 6 649 110.0

20 755 844 786 3 513 760.0 106 210 430 501 456.0

21 43 930 768 NA 136 044 626 3 308 040.0

NA 4 169 599 NA 66 772 108 NA

22 98 472 807 1 244 210.0 40 061 223 1 407 850.0

22 50 329 NA 3 870 885 NA

21 18 064 NA 15 222 166 1 274 970.0

2 670 390 761 489 872 185

22 206 478 372.8 1 884 074 2 450.3

22 3 631 686 34 475.9 6 831 459 447 789.0

20 0 0.0 746 944 619.0

22 362 448 599 12 240 000.0 355 927 529 17 382 000.0

0 0 0.0 0 0.0

22 3 941 626 4 143.2 13 929 768 432 464.0

21 31 827 861 91 907.6 305 737 362 897 345.0

22 35 914 963 2 313 200.0 76 962 911 5 028 160.0

23 11 578 798 143 013.0 30 312 877 469 272.0

22 753 521 535.1 4 710 300 3 387.6

21 53 026 186 1 553 360.0 62 677 1 851.6

21 662 822 4 411.6 8 303 561 57 681.8

21 26 080 12.7 335 483 17 346.2

504 018 620 805 744 945

3 524 366 203 1 914 009 495


DERIVATIVESETFs OPTIONS AND FUTURES

Notes: NA: Not availableSource: World Federation of Exchanges members


ETF options ETF futures


Notionalturnover

Openinterest


Notionalturnover

Openinterest

AMERICASBM&FBOVESPA 229 357 64.3 269 173 NA NA NA

Bourse de Montreal 218 247 438.9 770 785 NA NA NA


International Securities Exchange 24 040 455 NA NA NA NA NA

MexDer 40 0.0 60 NA NA NA

NASDAQ OMX (US) 29 371 334 NA NA NA NA NA

NYSE Euronext (US) 35 598 088 4 577.1 NA NA NA NA

Total region 114 854 595 NA

ASIA - PACIFICHong Kong Exchanges 134 064 802.2 101 867 NA NA NA

Osaka SE 10 NA 2 100 NA NA NA

Tokyo SE Group 3 026 NA 3 639 NA NA NA

Total region 137 100 NA

EUROPE - AFRICA - MIDDlE EASTJohannesburg SE 494 0.0 740 29 137 27.8 22 580

Total region 494 29 137

WFE TOTAL 114 992 189 29 137



Year-to-date

ETF options ETF futures


Notionalturnover


Notionalturnover

19 1 382 219 402.3 NA NA

22 3 778 105 21 211.1 NA NA

21 291 116 401 NA NA NA

21 256 979 346 NA NA NA

20 391 560 122.2 0 0.0

21 309 672 388 NA NA NA

21 345 445 426 45 620.1 NA NA

1 208 765 445 0

22 675 337 3 959.7 NA NA

21 73 353 NA NA NA

21 16 363 NA NA NA

765 053 NA

22 1 492 0.0 277 927 137.6

1 492 277 927

1 209 531 990 277 927




Interest rate options Interest rate futures


Notionalturnover

Openinterest


Notionalturnover

Openinterest

AMERICASBM&FBOVESPA 7 841 731 NA 27 560 300 27 570 696 1 184 050.0 17 740 400

Bourse de Montreal NA NA NA 1 258 238 127 648.0 302 707

Buenos Aires SE 501 541 NA NA NA NA NA

CBOE Future Exchange NA NA NA NA NA NA

Chicago Board Options Exchange NA NA NA NA NA NA

CME Group 14 082 818 7 377 370.0 16 047 300 81 963 735 34 786 700.0 14 395 500

ICE Futures Canada NA NA NA NA NA NA

ICE Futures US NA NA NA NA NA NA

International Securities Exchange NA NA NA NA NA NA

MexDer NA NA NA 716 575 5 689.0 7 294 210

NASDAQ OMX (US) NA NA NA NA NA NA

NYSE Euronext (US) 612 583 NA 879 850 69 899 NA 51 906

Total region 23 038 673 111 579 143

ASIA - PACIFICASX Derivatives Trading NA NA NA NA NA NA

ASX SFE Derivatives Trading 263 128 27 452.1 18 806 6 680 439 3 653 740.0 2 008 620

Bombay SE NA NA NA NA NA NA

Bursa Malaysia Derivatives NA NA NA NA NA NA

Hong Kong Exchanges NA NA NA NA NA NA

Korea Exchange NA NA NA 3 099 253 316 225.0 279 159

National Stock Exchange India NA NA NA NA NA NA

Osaka SE NA NA NA NA NA NA

Singapore Exchange NA NA NA 59 873 NA 25 015

TAIFEX NA NA NA 0 0.0 1

Thailand Futures Exchange NA NA NA 0 NA 0

Tokyo SE Group NA NA NA 641 295 NA 3 838

Total region 263 128 10 480 860

EUROPE - AFRICA - MIDDlE EASTAthens Derivatives Exchange 0 0.0 0 0 0.0 0

BME Spanish Exchanges 0 0.0 0 3 794 493.4 602

Budapest SE 0 0.0 0 0 0.0 0

EUREX 0 7 324 140.0 724 791 1 403 283 37 378 300.0 3 758 650


Johannesburg SE 683 0.1 108 769 55 489 895.3 195 382

London SE Group NA NA NA NA NA NA

MICEX / RTS 0 0.0 NA 1 306 045 442.1 890 948

NYSE.Liffe Europe 8 323 811 10 185 600.0 14 930 500 26 463 342 25 110 800.0 7 504 980

OMX Nordic Exchange 80 800 12 141.4 0 2 248 981 337 943.0 1 907 480

Oslo Børs 0 0.0 0 0 0.0 0

Tel-Aviv SE NA NA NA NA NA NA

Warsaw SE 0 0.0 0 0 0.0 0

Wiener Börse 0 0.0 0 0 0.0 0

Total region 8 405 294 31 480 934

WFE TOTAL 31 707 095 153 540 937

INTEREST RATE OPTIONS AND FUTURES

DERIVATIVES



Year-to-date

Interest rate options Interest rate futures


Notionalturnover


Notionalturnover

19 116 617 083 7 814 510.0 348 323 607 16 197 000.0

22 NA NA 9 535 278 961 266.0

20 5 900 830 NA 0 0.0

21 NA NA NA NA

21 NA NA NA NA

21 215 967 878 147 748 000.0 934 301 107 488 376 000.0

21 NA NA NA NA

21 NA NA NA NA

21 NA NA NA NA

20 NA NA 30 068 707 235 389.0

21 NA NA NA NA

21 11 313 620 NA 335 959 NA

349 799 411 1 322 564 658

22 NA NA NA NA

22 2 890 347 305 808.0 80 826 062 39 092 800.0

20 NA NA NA NA

20 NA NA NA NA

22 NA NA NA NA

22 NA NA 39 927 634 3 819 150.0

20 NA NA 11 0.0

21 NA NA NA NA

NA NA NA 898 538 NA

22 NA NA 3 0.5

22 NA NA 27 NA

21 NA NA 7 939 489 NA

2 890 347 129 591 764

22 0 0.0 0 0.0

22 0 0.0 42 757 10 754.6

20 0 0.0 0 0.0

22 49 260 260 33 750 900.0 275 438 498 206 556 000.0

0 0 0.0 0 0.0

22 457 426 73.3 2 205 561 38 173.3

22 NA NA NA NA

21 0 0.0 19 956 258 6 508.6

22 105 546 206 126 622 000.0 315 045 257 309 949 000.0

23 670 850 99 797.1 31 049 944 7 086 270.0

22 0 0.0 0 0.0

21 422 NA NA 12.5

21 0 0.0 0 0.0

21 0 0.0 0 0.0

155 935 164 643 738 275

508 624 922 2 095 894 697


COMMODITIES OPTIONS AND FUTURES

Notes: NASDAQ OMX Nordic Exchange: includes Copenhagen, Helsinki and Stockholm Exchanges only ; derivatives are not traded on other OMX ExchangesDue to different reporting rules & calculation methods, turnover figures are not entirely comparable


Exchange November 2012 Trading days Nov

2012

Year-to-date

Commodities options Commodities futures Commodities options Commodities futures

Number ofcontracts

traded

Notionalturnover

Openinterest

Number ofcontracts

traded

Notionalturnover

Openinterest

Number ofcontracts

traded

Notionalturnover

Number ofcontracts

traded

Notionalturnover

AMERICASBM&FBOVESPA 53 358 58.7 73 310 118 990 755.2 50 939 19 903 728 1 402.4 1 711 672 12 115.2

Buenos Aires SE NA NA NA NA NA NA 20 0 0.0 0 0.0

CME Group 9 916 060 672 553.0 14 974 400 53 294 958 4 006 820.0 23 185 100 21 132 261 664 8 325 390.0 622 722 797 45 703 500.0

ICE Futures Canada 9 198 2.0 19 173 279 916 3 306.8 153 019 21 155 568 32.2 4 483 663 49 027.0

ICE Futures US 707 332 23 356.0 1 030 010 3 635 387 108 103.0 1 282 200 21 10 130 531 383 045.0 44 096 036 1 398 930.0

MexDer NA NA NA 0 0.0 0 20 NA NA 4 0.0

NYSE Euronext (US) 136 951 NA 8 250 NA NA NA 21 1 708 373 NA NA NA

Total region 10 822 899 57 329 251 145 159 864 673 014 172

ASIA - PACIFICASX SFE Derivatives Trading 1 420 630.0 14 555 61 515 4 270.9 124 450 22 30 017 7 727.1 487 080 27 805.3

Bursa Malaysia Derivatives NA NA NA 696 800 13 951.2 145 605 20 NA NA 6 773 996 158 103.0

Hong Kong Exchanges NA NA NA 0 0.0 0 22 NA NA 2 0.0

Korea Exchange NA NA NA 1 253 7.0 57 22 NA NA 21 557 116.0

TAIFEX 3 846 40.2 1 671 4 066 171.2 543 22 71 072 170.1 56 064 296.0

Thailand Futures Exchange NA NA NA 357 730 NA 42 210 22 NA NA 3 542 435 NA

Total region 5 266 1 121 364 101 089 10 881 134

EUROPE - AFRICA - MIDDlE EASTAthens Derivatives Exchange 0 0.0 0 0 0.0 0 22 0 0.0 0 0.0

BME Spanish Exchanges 0 0.0 0 0 0.0 0 22 0 0.0 0 0.0

Budapest SE 0 0.0 0 231 7.1 492 20 0 0.0 4 071 129.7

EUREX 0 0.0 0 0 0.0 0 22 0 0.0 0 0.0

ICE Futures Europe 1 228 734 2 243.5 2 343 450 21 693 833 2 101 860.0 4 410 210 0 11 986 919 27 839.7 250 154 133 25 098 400.0

Johannesburg SE 39 725 55.7 52 069 263 005 6 410.9 97 621 22 439 570 628.6 2 385 136 57 985.2

London SE Group NA NA NA 261 111.8 653 22 NA NA 3 120 1 144.4

MICEX / RTS 11 352 22.3 24 836 1 845 532 2 653.2 400 870 21 252 009 471.3 18 893 493 27 143.5

NYSE.Liffe Europe 236 886 130.1 730 324 1 661 259 35 467.6 834 129 22 3 418 998 2 511.6 17 673 834 374 134.0

OMX Nordic Exchange 0 0.0 0 0 0.0 0 23 0 0.0 0 0.0

Oslo Børs 0 0.0 0 0 0.0 0 22 0 0.0 0 0.0

Warsaw SE 0 0.0 0 0 0.0 0 21 0 0.0 0 0.0

Wiener Börse 0 0.0 0 0 0.0 0 21 0 0.0 0 0.0

Total region 1 516 697 25 464 121 16 097 496 289 113 787

WFE TOTAL 12 344 862 83 914 736 161 358 449 973 009 093

DERIVATIVES

FOCUSWFE Focus is a monthly publication of regulated exchanges, with key market statistics.

Focus articles www.world-exchanges.org/ news-views/views

Market statistics www.world-exchanges.org/ statistics

The electronic edition is accessible free of charge on the WFE website www.world-exchanges.org/ news-views/focus

Subscription enquiries Francine Gallet

Publisher World Federation of Exchanges T: +33 (0) 1 58 62 54 00 F: +33 (0) 1 58 62 50 48 E: www.world-exchanges.org

Manager Sibel Yilmaz

Editor Lorenzo Gallai

Concept design Precedent Communications, London

Typesetting and printing Tayburn, Istanbul

In the inner pages of this publication, 100% recycled paper was used.

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