Published in August 2015 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

Transcription

1 EUROPEAN EXCHANGE REPORT Published in August 215 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

2 FESE EUROPEAN EXCHANGE REPORT 214 Page 2 of 27 FOREWORD BY FESE PRESIDENT The European Exchange Report represents a valuable source of integrated information on Europe s exchange industry and is compiled by the Federation of European Securities Exchanges (FESE). FESE represents the operators of European Regulated Markets. FESE members have a distinct market structure that offers transparent price discovery and liquidity for assets admitted to trading on their markets, which is matched according to preestablished rules. This is vetted by regulators and strictly enforced by market surveillance teams. The European Exchange Report includes key figures of each operator of Regulated Markets which are summarised on a one page statement allowing for easy and transparent comparison of their key financial figures. In particular, the report contains the following detailed information: 1. Company information Contacts, products covered, employees, etc. 2. Trading statistics The best source of comparable securities trading statistics across Europe in line with the FESE Statistics methodology as published on the FESE website. 3. Financial figures Detailed information on earnings, revenues and costs including analysis breakdown of the service offered. As in previous years, this information was compiled on the basis of data gathered by the FESE s Economics and Statistics Committee in cooperation with the financial departments of every member. The FESE Secretariat would like to thank all those that contributed to this study and especially the members of the FESE s Economics and Statistics Committee. We hope that you will find this information useful. Deirdre Somers President of the Federation of European Securities Exchanges

3 FESE EUROPEAN EXCHANGE REPORT 214 Page 3 of 27 TABLE OF CONTENTS Contents ATHENS EXCHANGE... 4 BOLSAS Y MERCADOS ESPAÑOLES (BME)... 5 BORSA ISTANBUL... 6 BÖRSE STUTTGART... 7 BUCHAREST STOCK EXCHANGE... 8 BULGARIAN STOCK EXCHANGE SOFIA... 9 CEESEG BUDAPEST STOCK EXCHANGE... 1 CEESEG LJUBLJANA STOCK EXCHANGE CEESEG PRAGUE STOCK EXCHANGE CEESEG VIENNA STOCK EXCHANGE CYPRUS STOCK EXCHANGE DEUTSCHE BÖRSE GROUP EURONEXT ICE FUTURES EUROPE THE IRISH STOCK EXCHANGE LONDON METAL EXCHANGE LUXEMBOURG STOCK EXCHANGE... 2 MALTA STOCK EXCHANGE NASDAQ OMX Group Inc OSLO BØRS SIX GROUP SIX SWISS EXCHANGE WARSAW STOCK EXCHANGE (GPW) NOTES ON METHODOLOGY CONTACT... 27

4 FESE EUROPEAN EXCHANGE REPORT 214 Page 4 of 27 ATHENS EXCHANGE Name Athens Exchange Type of Company Jointstock company Address 11 Athens Ave, Athens Listed On Athens Exchange (Hellenic Exchanges S.A) Phone Sectors Cash EU regulated markets Fax Cash EU not regulated (exchange regulated) markets Information_Services@athexgroup.gr markets Website Retail bond markets Clearing houses / CCP services providers Year established 1876 Central Securities Depositories / Settlement companies Year of current legal status 2 IT infrastructure and software providers Country of Incorporation Greece XNET network Platform for access to internat. securities trading Greece Number of employees 236 (end of the year) Shares Sec. ETFs UCITs Turnover (EUR m) 27,778 3, , Trades 6,882,818 3, , , ,22 36 Trading figures , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m).3.1 Notional Turnover (EUR m) 8,944 Trades 52 2 Contracts Traded 1,84, Financial figures 214 Main financial results 214 EUR ' Revenues 47,289 Costs 23,331 EBITDA 25,758 EBIT 23,958 Net Income 27, Revenue Breakdown 214 Cost Breakdown 214 4% 8%.6% 2% 6% 23% Listing (admission + ongoing) Trading Clearing / CCP Settlement 8% 9% 43% ICT 37% 3% 17% Custody & Banking ICT services Other (advert., educat., properties) 34% 6% Other costs Footnotes Financial figures are under IAS financial accounting protocol Net income is calculated before income tax and minority interest. On Revenue breakdown: other revenues include Auxiliary Fund management revenues, OTC revenues, Xnet/DAC project subsidy revenues and Tax rebates. On Cost breakdown: other cost include capital market commission fee.

5 FESE EUROPEAN EXCHANGE REPORT 214 Page 5 of 27 BOLSAS Y MERCADOS ESPAÑOLES (BME) Name Bolsas y Mercados Españoles (BME) Type of Company Jointstock company Address Plaza de la Lealtad 1, 2814 Madrid Listed On BME Spanish Exchanges Phone Sectors Cash EU regulated market Fax Cash EU not regulated (exchange regulated) markets InvestorRelations@grupobme.es markets Website Retail bond markets / Wholesale bond markets Clearing houses / CCP services providers Year established 1831 Central Securities Depositories / Settlement Year of current legal status 26 IT infrastructure and software providers Country of Incorporation Spain Market data distribution / Consulting Services Spain Number of employees 698 (average) Shares Sec. ETFs UCITs Turnover (EUR m) 834, , n/a 9,849 n/a n/a n/a Trades 7,72, ,952 n/a n/a n/a n/a n/a n/a Trading figures ,554 3,452 3, ,373 3,271 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 15,936 7,349,394 Notional Turnover (EUR m) 864, n/a Trades 111, ,131 Contracts Traded 56,31,439 5,347 n/a n/a Financial figures 214 Main financial results 214 EUR ' Revenues 342,473 Costs 13,511 EBITDA 238,962 EBIT 232,566 Net Income 164, Revenue Breakdown 214 Cost Breakdown % 6% 1% 7% Listing (admission + ongoing) Fixed Income 7% Trading & Clearing 13% 4% Clearing / CCP Settlement 35% 58% Custody & Banking 11% ICT services 5% 4% 2% Other (advert., educat., properties) Footnotes Financial figures are under International Accounting Standards On Revenue breakdown, other revenues include corporate unit revenues, capitalization of development costs & consolidation adjustments between segments

6 EUR Millions FESE EUROPEAN EXCHANGE REPORT 214 Page 6 of 27 BORSA ISTANBUL Name Borsa Istanbul Type of Company Joint Stock Company Address Reşitpaşa Mah. Tuncay Artun Cd. Emirgan İSTANBUL Listed Not listed Phone +9 (212) Sectors Cash EU not regulated (exchange regulated) markets Fax +9 (212) Wholesale bond markets international@borsaistanbul.com; index@borsaistanbul.com Retail bond markets Website Clearing houses / CCP services providers Central Securities Depositories Year established 1873 Companies managing settlement Year of current legal status 213 markets Country of Incorporation Turkey Commodity markets Turkey Number of employees 559 (end of he year) Shares Sec. ETFs UCITs Turnover (EUR m) 298, ,17 1, Trades 79,995, ,73 3,366, ,15 931,36 Trading figures , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 11, ,74 Notional Turnover (EUR m) 132, Trades 243,658 Contracts Traded 6,637,643 97, Financial figures 214 Main financial results 214 EUR ' Revenues 233,641 Costs 146,49 EBITDA 85,285 EBIT 79,72 Net Income 67, Revenue Breakdown 214 5% 17% 1% 5% 24% Listing (admission + ongoing) Trading Clearing / CCP 4% Cost Breakdown % Settlement 5% Custody & Banking 52% 38% % 5% ICT services Other (advert., educat., properties) 32% Other costs Footnotes Financial figures for years are under GAAP financial accounting protocol In 213 Borsa İstanbul became a joint stock company and the financials accounting protocol changed to IFRS. Figures mentioned do not include subsidiaries.

7 FESE EUROPEAN EXCHANGE REPORT 214 Page 7 of 27 BÖRSE STUTTGART Name Boerse Stuttgart Holding GmbH Type of Company Corporation (Association) Address Börsenstraße 4, 7174 Stuttgart Listed Phone +49 () Sectors Cash EU regulated markets Fax +49 () Cash EU not regulated (exchange regulated) markets info@boersestuttgart.de Securitized derivatives markets Website Retail bond markets Year established 1861 Year of current legal status 27 Country of Incorporation Germany Number of employees 297 (end of year) Germany, Sweden Trading figures 214 Shares Sec. ETFs UCITs Turnover (EUR m) 14,865 46,62 8,793 1,179 Trades 871,315 4,516, ,5 1,312 n/a 1,121,866 1,424 n/a 2,8 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 23,39 Notional Turnover (EUR m) Trades 48,337 Contracts Traded 1,842 Financial figures 214 Main financial results 214 EUR ' Revenues 125,359 Costs 12,54 EBITDA 7,63 EBIT 4,2 Net Income Revenues Costs (ex tax) EBITDA Revenue Breakdown 214 Cost Breakdown 214 6% 2% 3% 1% Listing (admission + ongoing) 2% 1% 3% 26% ICT exchange Clearing / CCP 85% Custody & Banking (financial revs.) ICT services Other (advert., educat., properties) 3% 31% 1% Other costs (incl. interests and other fin. expenses) Footnote Financial figures refer to the consolidated annual statement of the Boerse Stuttgart Holding Financial figures are under German HGB financial acconting standards

8 FESE EUROPEAN EXCHANGE REPORT 214 Page 8 of 27 BUCHAREST STOCK EXCHANGE Name Bucharest Stock Exchange Type of Company Jointstock company Address Bd.Carol I, 3436, etaj 14,2922, Bucuresti Listed On Bucharest Stock Exchange Phone (+4) (21) Sectors Cash EU regulated markets Fax (+4) (21) Cash EU not regulated (exchange regulated) markets foreignaffairs@bvb.ro markets Website Clearing houses / CCP services providers Central Securities Depositories / Companies managing Year established 1995 settlement Year of current legal status 25 Corporate Governance Institute Foundation Country of Incorporation Romania Number of employees 43 (end of year) Romania Shares Sec. ETFs UCITs Turnover (EUR m) 1, Trades 763,115 1,35 197,174 1,624 1,946 18, Trading figures s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades 35 2 Contracts Traded 71 Financial figures 214 Main financial results 214 EUR ' Revenues 7,356 Costs 4,172 EBITDA 2,677 EBIT 2,54 Net Income 2, Revenues and Costs Revenue Breakdown 214 Cost Breakdown % 4% Listing (admission + ongoing) 4% 1% 2% 4% 48% ICT (Materials & Services) 71% ICT services Other (financial & members' fees) 37% 1% Other costs (financial) Footnote Financial figures are under IVth EEC Directive for financial accounting

9 EUR Million FESE EUROPEAN EXCHANGE REPORT 214 Page 9 of 27 BULGARIAN STOCK EXCHANGE SOFIA Name Bulgarian Stock Exchange Sofia Type of Company Jointstock company Address 6 Tri ushi St., 1 Sofia Listed Regulated market managed by itself Phone +359() Sectors Cash EU regulated markets Fax +359() bse@bsesofia.bg Website Year established 1991 Year of current legal status 1991 Country of Incorporation Bulgaria Number of employees 32 (end of the year) Bulgaria Trading figures 214 Shares Sec. ETFs UCITs Turnover (EUR m) Trades 17,428 1, , s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded 59 Financial figures 214 Main financial results 214 EUR ' Revenues 1,175 Costs 1,229 EBITDA 189 EBIT 258 Net Income Revenue Breakdown 214 Cost Breakdown 214 1% 12% 26% Listing (admission + ongoing) 6% 6% 16% ICT services Other (advert., educat., properties) 38% 49% ICT Other costs Footnotes Financial figures are under IFRS financial accounting protocol On Revenue breakdown, other revenues include membership fees and financial sanctions imposed on Exchange members 45% 1%

10 FESE EUROPEAN EXCHANGE REPORT 214 Page 1 of 27 CEESEG BUDAPEST STOCK EXCHANGE Name Budapest Stock Exchange Type of Company Jointstock company Address H 163 Budapest, Andrássy, út 93. Listed Traded OTC regularly Phone Sectors Cash EU regulated market Fax markets info@bse.hu Wholesale bond markets Website IT infrastructure and software providers Year established 199 Year of current legal status 22 Country of Incorporation Hungary Number of employees 45 (end of the year) Hungary Trading figures 214 Shares Sec. ETFs UCITs Turnover (EUR m) 5, Trades 1,187, , ,254 12, , s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 6 Notional Turnover (EUR m) 1,716 7 Trades 18 Contracts Traded 98,483 3,93 77 Financial figures 214 Main financial results 214 EUR ' Revenues 6,832 Costs 4,851 EBITDA 2,728 EBIT 2,59 Net Income 1, Revenue Breakdown 214 Listing (admission + ongoing) Cost Breakdown 214 4% 2% 18% Trading 2% 39% Material 37% XETRA and Licence ICT services 4% 6% ICT Other costs 31% Other (advert., educat., properties) 2% 6% 31% Footnote Financial figures are under GAAP financial accounting protocol Financial figures refer to the exchange and not to the parent company owning the exchange

11 EUR Million FESE EUROPEAN EXCHANGE REPORT 214 Page 11 of 27 CEESEG LJUBLJANA STOCK EXCHANGE Name Ljubljana Stock Exchange Type of Company Jointstock company Address Slovenska 56 1 Ljubljana Listed No Traded OTC regularly Phone Sectors Cash EU regulated market Fax Retail bond markets info@ljse.si IT infrastructure and software providers Website Year established 1989 Year of current legal status 1989 Country of Incorporation Slovenia Number of employees 11 (end of year) Slovenia Shares Sec. ETFs UCITs Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order Reporting Book Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades Trades Turnover (EUR m) Trades 73,63 31 Trading figures 214 6, s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 69 Notional Turnover (EUR m) Trades 1,99 Contracts Traded 45 Financial figures 214 Main financial results 214 EUR ' Revenues 1,794 Costs 1,499 EBITDA 471 EBIT 285 Net Income Revenue Breakdown 214 Cost Breakdown 214 7% 3% 22% Listing (admission + ongoing) 1% 12% % 38% ICT 27% ICT services Other (advert., educat., properties) Other costs 41% 49% Footnotes Financial figures are under Slovenian Accounting Standards (SAS) protocol

12 FESE EUROPEAN EXCHANGE REPORT 214 Page 12 of 27 CEESEG PRAGUE STOCK EXCHANGE Name Prague Stock Exchange Type of Company Jointstock company Address Rybna Prague 1 Listed No Phone Sectors Cash EU regulated markets Fax Cash EU not regulated (exchange regulated) markets info@pse.cz markets Website Clearing houses / CCP services providers Central Securities Depositories Year established 1993 Companies managing settlement Year of current legal status 1993 Country of Incorporation Czech Republic Number of employees 84 (end of year) Czech Republic Shares Sec. ETFs UCITs Turnover (EUR m) 5, Trades 629,57 3,813 Trading figures , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 296 Notional Turnover (EUR m) Trades 1,857 Contracts Traded 116 Financial figures 214 Main financial results 214 EUR ' Revenues 17,821 Costs 12,149 EBITDA 8,385 EBIT 6,973 Net Income 5, Revenues Breakdown 214 Costs Breakdown 214 2% 11% Listing (admission + ongoing) 32% 31% 39% ICT 19.% Settlement Custody & Banking 12% Other (advert., educat., properties) 12% Other costs 24% 1% 17% Other (advert., educat., properties ) includes services for issuers by the Central Securities Depository Prague (part of PSE).

13 FESE EUROPEAN EXCHANGE REPORT 214 Page 13 of 27 CEESEG VIENNA STOCK EXCHANGE Name Vienna Stock Exchange Type of Company Jointstock company Address Wallnerstraße 8 Box 192, A114 Vienna Listed OTC traded regularly Phone Sectors Cash EU regulated market Fax Cash EU not regulated (exchange regulated) markets info@wienerborse.at Wholesale bond markets Website Retail bond markets Clearing houses / CCP services providers Year established 1771 Year of current legal status 1997 Country of Incorporation Austria Number of employees 92 (end of year) Austria Trading figures 214 Shares Sec. ETFs UCITs Turnover (EUR m) 23, Trades 4,642,623 2, , , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 116 Notional Turnover (EUR m) Trades 7,216 Contracts Traded 3,293 Financial figures 214 Main financial results 214 EUR ' Revenues 45,137 Costs 26,988 EBITDA 18,846 EBIT 18,148 Net Income 13, Revenue Breakdown 214 Cost Breakdown % 11% 2% 2% 28% 45% Listing (admission + ongoing) Trading Clearing / CCP Other (advert., educat., properties) 17% 4% ICT Other costs 1% % 39% Footnote Financial figures are under local GAAP financial acconting standards

14 FESE EUROPEAN EXCHANGE REPORT 214 Page 14 of 27 CYPRUS STOCK EXCHANGE Name Cyprus Stock Exchange Type of Company Public sector (State) entity Address 7173 Lordou Vironos Avenue, 196, Not for profit Nicosia 139 Listed No Phone Sectors Cash EU regulated markets Fax Cash EU not regulated (exch. regulated) markets Retail bond markets Website Central Securities Depositories / Companies managing settlement Year established 1993 IT infrastructure and software providers Year of current legal status 1996 Country of Incorporation Cyprus Number of employees 78 (end of year) Cyprus Shares Sec. ETFs UCITs Turnover (EUR m) Trades 34, ,848 3, Trading figures ,569 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 16 9 Notional Turnover (EUR m) Trades 1,833 1 Contracts Traded 57 Financial figures Main financial results 214 EUR ' Revenues 4,532 Costs 5,265 EBITDA 82 EBIT 1,112 Net Income Cost Breakdown 214 Cost Breakdown 214 4% 5% 17% 53% Listing (admission + ongoing+central depository) &clearing and settlement 28% 6% % ICT & Other Operating ICT services 66% 21% Other (advert., educat., properties,penalties,inter est) Footnotes Financial figures are under IFRS financial accounting protocol Financial figures refer to the exchange and not to the parent company owning the exchange ICT costs include also operating costs Revenue figures include interest income

15 FESE EUROPEAN EXCHANGE REPORT 214 Page 15 of 27 DEUTSCHE BÖRSE GROUP Name Deutsche Börse AG Type of Company Jointstock company Address Mergenthalerallee 61, 6576 Eschborn Germany Listed On Deutsche Börse Phone +49 () Sectors Cash EU regulated market Fax +49 () Cash EU not regulated (exchange regulated) markets info@deutscheboerse.com markets Website Retail bond market; Wholesale bond markets Clearing houses / CCP services providers Year established 1585 Central Securities Depositories / Settlement companies Year of current legal status 1992 IT infrastructure and software providers Country of Incorporation Germany Info. Services, ICSD, Repo Market, Services for Markets managed Austria, Bulgaria, Czech Republic, Germany, Hungary, investment fund industry (directly or indirectly) Ireland, Slovenia, Switzerland & USA Number of employees 4,54 (end of the year) Shares Sec. ETFs UCITs Turnover (EUR m) 1,113,65 2,218 76,32 18,648 2,5 138,933 3,35 1,139 2,219 Trades 11,129, ,527 1,315,679 2,25,43 2,253,298 2,587,721 2, ,17 86,76 Trading figures 214 1,436,729 n/a 67 1,411,99 1,36 3,97 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 11,82 8,263 Notional Turnover (EUR m) 3,561,23 61,967,135 Trades 549,174 58,431 Contracts Traded 1,8,717, ,343,4 25,333 Financial figures 214 Main financial results 214 EUR ' Revenues 2,43, Costs 1,68,8 EBITDA 1,19,5 EBIT 987,6 Net Income 669, ,16 2, , ,912 2, ,69 21* Revenue Breakdown 214 5% 11% 7% 36% Trading Clearing / CCP Settlement Cost Breakdown % 32% 12% Custody & Banking 9% Volume related costs ICT services 22% 6% 1% Other (advert., educat., properties) 34% Footnote Financial figures are under IFRS financial accounting protocol

16 FESE EUROPEAN EXCHANGE REPORT 214 Page 16 of 27 EURONEXT Name EURONEXT Type of Company Jointstock company Address Listed On Euronext (European Corp. Headquarter) 39, rue Cambon 7539 Paris cedex 1 Sectors Cash EU regulated markets Phone +33 () Cash EU not regulated (exchange regulated) markets Fax +33 () markets info@euronext.com IT infrastructure and software providers Website Year of Incorporation 214 Country of Incorporation The Netherlands Number of employees 729 (end of year) Belgium, France, Netherlands, Portugal, United Kingdom Shares Sec. ETFs UCITs Book Trades EOB Trades EOB Book EOB Book EOB Turnover (EUR m) 1,479,71 44,17 93,93 16, ,147 2,58 11,967 1 Trades 184,828, ,529 1,191,289 3,839, ,788,327 5,1 224,565 3 Listed Domestic companies Trading figures 214 Only for European markets 2,742,873 1,55 45, , s Book EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 1, Notional Turnover (EUR m) 3,21, ,581 Trades 579, Contracts Traded 13,781,22 13,165,31 4,564 Financial figures 214 Main financial results 214 EUR ' Revenues 492,498 Costs 311,694 EBITDA 18,84 EBIT 164,16 Net Income 118, Revenue Breakdown 214 Cost Breakdown 214 7% 8% 14% Listing (admission + ongoing) 14% 1% 22% 38% Trading ICT services 76% ICT 11% Other (Activity assessment, regulatory and others) Footnotes Euronext financial results are limited to 213 and 214 due to the separation between Euronext and the ICE group. Main financial results are based on IFRS converted at correspondent exchange rates.

17 FESE EUROPEAN EXCHANGE REPORT 214 Page 17 of 27 ICE FUTURES EUROPE Name ICE Futures Europe Type of Company Listed Listed on a regulated market managed by other entities Address Milton Gate, 6 Chiswell Street, London EC1Y4SA (Intercontinental Exchange Inc on NYSE) Phone +44 () Sectors Futures & Options Energy Exchange Fax +44 () info@theice.com Website Year established 198 Year of current legal status 25 Country of Incorporation England & Wales Number of employees 137 (end of the year) United Kingdom Shares Sec. ETFs UCITs Turnover (EUR m) Trades Trading figures 214 s Book Trades EOB Options & Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 6,786, ,797,8 2,219,13 Trades Contracts Traded 29,58,18 47,332, ,371,788 Financial figures 214 Main financial results 214 EUR ' Revenues 88,869 Costs 59,841 EBITDA 58,898 EBIT 57,362 Net Income 49,968 Revenue Breakdown Cost Breakdown 214 3% 33% Trading 64% 1% Footnotes Financial figures are under UK GAAP financial accounting protocol Main financial results are based on UK Filed statutory accounts (functional currency changed from GBP to USD on 3 June 26) converted at correspondent exchange rates. On Revenue Breakdown: *Fees levied on clearing members for transacting on the exchange have been included in derivatives trading

18 FESE EUROPEAN EXCHANGE REPORT 214 Page 18 of 27 THE IRISH STOCK EXCHANGE Name The Irish Stock Exchange Type of Company Mutual company (cooperative principle) Address 28 Anglesea Street Dublin 2 Listed No Phone +353 (1) Sectors Cash EU regulated market Fax +353 (1) Cash EU not regulated (exchange regulated) markets info@ise.ie Listing of, Debt and Investment Funds Website Year established 1793 Year of current legal status 214 Country of Incorporation Ireland Number of employees 95 (average) Ireland, Malta Shares Sec. ETFs UCITs Turnover (EUR m) 13,753 17, Trades 2,138,56 88, ,56 52 Trading figures ,367 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 128,369 Notional Turnover (EUR m) Trades 59,952 Contracts Traded 7,38 Financial figures 214 Main financial results 214 EUR ' Revenues 24,992 Costs 19,68 EBITDA 6,738 EBIT 6,22 Net Income 5, Revenues, Costs and EBIT Revenues Breakdown 214 Cost Breakdown % 8% Listing (admission + ongoing) 22% 3% ICT Info products & services 55% 9% 65% Other (advert., educat., properties) 2% Footnotes Financial figures are under IFRS financial accounting protocol

19 EUR Millions FESE EUROPEAN EXCHANGE REPORT 214 Page 19 of 27 LONDON METAL EXCHANGE Name London Metal Exchange Type of Company Jointstock company Private Limited Company Address 56 Leadenhall Street, London, EC3A 2DX, UK with explicit profitcap Phone +44 () Listed Parent Company Listed on Hong Kong Stock Exchange Fax +44 () Sectors markets Website Year established 1877 Year of current legal status 1987 Country of Incorporation England Number of employees 214 (end of year) United Kingdom Shares Sec. ETFs UCITs Turnover (EUR m) Trades Trading figures 214 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 1,648,57 Trades Contracts Traded 177,151,7 Financial figures 214 Main financial results 214 EUR ' Revenues 135,881 Costs 93,1 EBITDA 42,88 EBIT 59,629 Net Income 34, Revenue Breakdown 214 Cost Breakdown % Trading 23% 35% 14% ICT services ICT Other (advert., educat., properties) 21% Other costs 73% 21% Footnotes Financial figures under IFRS financial accounting protocol

20 FESE EUROPEAN EXCHANGE REPORT 214 Page 2 of 27 LUXEMBOURG STOCK EXCHANGE Name Luxembourg Stock Exchange Type of Company Jointstock company Address 35A, Boulevard Joseph II, L184 Luxembourg Listed No Phone Sectors Cash EU regulated market Fax Cash EU not regulated (exchange regulated) markets info@bourse.lu Wholesale bond markets Website IT infrastructure and software providers Year established 1927 Year of current legal status 1928 Country of Incorporation Luxembourg Number of employees 152 (end of year) Luxembourg Trading figures 214 Shares Sec. ETFs UCITs Turnover (EUR m) Trades 12, (shares) / listings 52, , n/a 6,613 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 172 Notional Turnover (EUR m) Trades 9,293 Contracts Traded 26,251 Financial figures 214 Main financial results 214 EUR ' Revenues 42,658 Costs 28,632,341 EBITDA 14,26 EBIT 9,275 Net Income 1, Revenue Breakdown 214 Cost Breakdown 214 1% Listing (admission + ongoing) 14% 35% 47% ICT.2% 64% ICT services Other (advert., educat., properties) 21% 18% Footnote Financial figures are under LUXGAAP financial accounting protocol

21 FESE EUROPEAN EXCHANGE REPORT 214 Page 21 of 27 MALTA STOCK EXCHANGE Name Malta Stock Exchange Type of Company Public sector (State) entity MSE Plc is now a company Not for profit Address Garrison Chapel Castille Place Valetta CMR1 Listed No Phone Sectors Cash EU regulated market Fax Cash EU not regulated (exchange regulated) markets borza@borzamalta.com.mt Wholesale bond markets Website Retail bond market Central Securities Depositories / Settlement companies Year established 199 Year of current legal status 27 Country of Incorporation Malta Number of employees 58 (end of year) Malta Shares Sec. ETFs UCITs Turnover (EUR m) 51 Trades 8,14 3,1 24 Trading figures 214 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 89 Notional Turnover (EUR m) Trades 17,517 Contracts Traded 115 Financial figures 214 Main financial results 214 EUR ' Revenues 6,349 Costs 3,531 EBITDA 2,818 EBIT 2,818 Net Income 2,5 Revenue Breakdown Cost Breakdown % 27% 44% Listing (admission + ongoing) Membership 7% 66% Clearing / Settlement / CSD 49% Depreciation and Footnote Financial figures refer to the exchange and not to the parent company owning the exchange Financial figures are under IFRS financial accounting standards

22 FESE EUROPEAN EXCHANGE REPORT 214 Page 22 of 27 NASDAQ OMX GROUP INC. Name NASDAQ OMX Nordic Ltd Type of Company Jointstock company Consolidated figures Listed Listed on a regulated market managed by itself (The Address NASDASQ OMX Group, Inc., the ultimate parent) (European Corp. Headquarter) Fabianinkatu 14 Sectors Cash EU regulated market Phone Cash EU not regulated (exchange regulated) markets Fax markets communications@nasdaq.com Wholesale bond markets Website Clearing houses / CCP services providers Year established 1997 Central Securities Depositories Year of current legal status 1997 Companies managing settlement IT infrastructure and software providers Country of Incorporation Finland Number of employees 425 (average in Europe) Europe in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden Shares Sec. ETFs UCITs Turnover (EUR m) 547,129 65,452 21, ,64 3,13 7,28 3,33 Trades 82,224,984 1,34,98 793,18 167, ,87 1,62 425,32 1,595, , Trading figures 214 2, , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 7,128 1,728,138 Notional Turnover (EUR m) 678,3 4,317,833 Trades 135,875 Contracts Traded 92,957,93 19,767,657 7,789 Financial figures 214 Main financial results 214 EUR ' Revenues 33, Costs 14, EBITDA 163, EBIT 13, Net Income 93, Revenues Costs excl depreciation and EBITDA Revenue Breakdown 214 Cost Breakdown % 18 % 2 % Listing (admission + ongoing) 25 % 29 % incl derivatives trading ICT Other (advert., educat., properties) 19 % 27 % Other costs 56 % Footnotes Financial figures are under Finnish accounting protocol (quite in line with IFRS) *Costs do not include depreciation and Figures are NASDAQ OMX Ltd consolidated figures

23 FESE EUROPEAN EXCHANGE REPORT 214 Page 23 of 27 OSLO BØRS Name Oslo Børs VPS Holding ASA Type of Company Jointstock company Address PO.Box. 46, Sentrum N15 Oslo Listed Traded OTC regularly Phone Sectors Cash EU regulated market Fax markets Wholesale bond markets Website Clearing houses / CCP services providers Central Securities Depositories / Companies Year established 1819 managing settlement Year of current legal status 21 Country of Incorporation Norway Number of employees 25 (end of year) Norway Shares Sec. ETFs UCITs Turnover (EUR m) 112,3 14, ,726 Trades 23,5,18 33,787 9,22 13,13 28, ,91 22 Trading figures year s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 21, ,372 Notional Turnover (EUR m) 6,64 Trades 1,37 45,497 Contracts Traded 11,822,344 1,695 Financial figures year 214 Main financial results 214 EUR ' Revenues 16,872 Costs 68,175 EBITDA 54,424 EBIT 38,696 Net Income 36, Revenue Breakdown year 214 Cost Breakdown year 214 2% Listing (admission + ongoing) 16% 17% 23% 12% Trading 46% Settlement 2.5% 49% Other (advert., educat., properties) 31% Footnote Financial figures refer to Oslo Børs VPS Holding Financial figures are under IFRS financial accounts standards The value for settlement in revenue breakdown refers to VPS (a CSD) as a whole not only the settlement revenues in VPS

24 FESE EUROPEAN EXCHANGE REPORT 214 Page 24 of 27 SIX GROUP SIX SWISS EXCHANGE Name SIX Group Type of Company Jointstock company SIX Swiss Exchange Listed No Address Selnaustrasse Zürich Sectors CH regulated cash markets/ch not regulated (exchange reg.) markets Phone +41() markets (securitized derivativs only) Fax +41() Retail bond markets CCP, Central Securities Depository and Custodian Services Websites IT infrastructure and software providers (for Year established 1993 SIX Swiss Exchange and SIX Structured Products Exchange AG) Year of current legal status 28 Data vending, credit card solutions, electronic payment processing Country of Incorporation Switzerland Number of employees 166 (end of the year) Switzerland, Germany Shares Sec. ETFs UCITs Turnover (EUR m) 64,525 4,899 83,745 16,435 5,636 42,511 32,211 4,55 99 Trades 35,199,496 2,311 1,152, ,442 15,34 884,66 27, ,13 1,85 (Swiss Exchange) (shares) / listings 1,235, Trading figures , n/a 3 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 26,495 12,828 Notional Turnover (EUR m) Trades 435,264 91,99 Contracts Traded 1,73 Financial figures 214 Main financial results 214 EUR ' Revenues 165,88 Costs 97,971 EBITDA 87,726 EBIT 85,699 Net Income n/a Revenue Breakdown Revenues Costs (excl. Depreciation) EBITDA Cost Breakdown % 13% 16% Listing (admission + ongoing) 34% Other (advert., educat., properties) 64% Other costs 58% 2% Footnotes Financial data for according to Management Accounts (not IFRS and not approved by auditors). Figures are including Eurex business, from 212 without EUREX business.

25 EUR million FESE EUROPEAN EXCHANGE REPORT 214 Page 25 of 27 WARSAW STOCK EXCHANGE (GPW) Name Warsaw Stock Exchange (GPW) Type of Company Jointstock company Address Ksiazeca 4, 498 Warsaw Listed Listed on regulated market managed by itself Phone Sectors Cash EU regulated market Fax Cash EU not regulated (exchange regulated) markets Cash alternative (exchange regulated) market markets Website Wholesale bond markets / Retail bond markets Commodity exchange / Commodity clearing house Year established 1991 Year of current legal status 1991 Country of Incorporation Poland Number of employees 373 (end of the year) Poland Shares Sec. ETFs UCITs Turnover (EUR m) 49,349 8, Trades 14,688,869 11,377 58,718 1, ,92 6 Trading figures , s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) Notional Turnover (EUR m) 55, Trades 64, Contracts Traded 7,222,687 3, Financial figures 214 Main financial results 214 EUR ' Revenues 76,177 Costs 43,836 EBITDA 39,216 EBIT 32,342 Net Income 26, Revenue Breakdown 214 Cost Breakdown % 8% 7% Listing (admission + ongoing) Trading 16% 38% 39% Clearing / CCP Depreciation and 1% Commodities Trading 46% 12% 5% Other (advert., educat., properties) Footnotes Operating revenues and costs (excluding financial revenues and costs) Figures are under International Financial Reporting Standards (IFRS) protocol Other Revenues include mainly revenues of Certificate of Origin Register, operated by TGE (the company operating the commodity exchange).

26 FESE EUROPEAN EXCHANGE REPORT 214 Page 26 of 27 NOTES ON METHODOLOGY Trading figures: Trading statistics follow the FESE Statistics Methodology: Electronic Order Book Trades contain all transfers of ownership by way of trades automatically executed through the Exchanges' electronic order book. Off Electronic Order Book Trades include all other transfers of ownership by way of trades executed away from the electronic order book and involving at least one member / intermediary of an Exchange. Reporting Trades include trades reported through a Trade Reporting Facility (TRF) when only one counterparty provides information on the trade and offers dissemination services at the request of the reporting trader. Turnover methodology was reviewed in 21 (FESE Statistics Methodology: Market Capitalisation (Market Cap.) is the total number of issued shares of the company (including their several classes) multiplied by the respective share price at a given time. The total is the sum of the total market capitalisation of each domestic company admitted to listing included in the Exchange. The market capitalisation figures include: shares of domestic companies shares of foreign companies which are exclusively listed on an exchange, i.e. the foreign company is not listed on any other exchange common and preferred shares shares without voting rights when available investment /participation certificates when available The market capitalisation figures exclude: collective investment funds rights, warrants, convertible instruments options, futures foreign listed shares other than exclusively listed ones companies whose only business goal is to hold shares of other listed companies Turnover or share trading value is the total number of shares traded multiplied by their respective prices. Notional Turnover is an approximate measure of the value of the number of contracts traded expressed with reference to the underlying asset, enabling comparison between cash and derivatives trading and among different derivatives products. It is computed as the number of contracts traded multiplied by the assets underlying amount and value. All trading figures (value and number of transactions) are single counted in order to ensure data comparability. General information and financial figures according to: EBIT Earnings before Interest and Taxes. EBITDA Earnings before Interest, Taxes, Amortisation. ICT Information and Communication Technologies Information sources Trading figures 214 taken from FESE Statistics Database: General information and Financial figures 214 provided by FESE members.

27 FESE EUROPEAN EXCHANGE REPORT 214 Page 27 of 27 CONTACT FESE Secretariat Sara Baldi Communications & Policy Adviser Tel: baldi@fese.eu