EUROPEAN EXCHANGE REPORT Published in August 215 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)
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
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... 11 CEESEG PRAGUE STOCK EXCHANGE... 12 CEESEG VIENNA STOCK EXCHANGE... 13 CYPRUS STOCK EXCHANGE... 14 DEUTSCHE BÖRSE GROUP... 15 EURONEXT... 16 ICE FUTURES EUROPE... 17 THE IRISH STOCK EXCHANGE... 18 LONDON METAL EXCHANGE... 19 LUXEMBOURG STOCK EXCHANGE... 2 MALTA STOCK EXCHANGE... 21 NASDAQ OMX Group Inc... 22 OSLO BØRS... 23 SIX GROUP... 24 SIX SWISS EXCHANGE... 24 WARSAW STOCK EXCHANGE (GPW)... 25 NOTES ON METHODOLOGY... 26 CONTACT... 27
FESE EUROPEAN EXCHANGE REPORT 214 Page 4 of 27 ATHENS EXCHANGE Name Athens Exchange Type of Company Jointstock company Address 11 Athens Ave, Athens 14 42 Listed On Athens Exchange (Hellenic Exchanges S.A) Phone +3 21 3366 8 Sectors Cash EU regulated markets Fax +3 21 3366 67 Cash EU not regulated (exchange regulated) markets Email Information_Services@athexgroup.gr markets Website www.helex.gr 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 3,441 34 1,365 272 15.5 122 154 Trades 6,882,818 3,675 59 45,89 376 1,758 2 77,22 36 Trading figures 214 45,579 782 244 3 3 3 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 1,84,899 32 Financial figures 214 Main financial results 214 EUR ' Revenues 47,289 Costs 23,331 EBITDA 25,758 EBIT 23,958 Net Income 27,653 9 8 7 6 5 4 3 2 1 62 21 214 48 47 27 37 33 26 24 24 22 23 26 12 21 211 212 213 214 81 61 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.
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 +34 91 79 5 Sectors Cash EU regulated market Fax +34 91 79 57 9 Cash EU not regulated (exchange regulated) markets Email InvestorRelations@grupobme.es markets Website www.bolsasymercados.es 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) 834,441 257,12 818 n/a 9,849 n/a n/a n/a Trades 7,72,448 315,952 n/a n/a n/a n/a n/a n/a Trading figures 214 82,554 3,452 3,986 72 34,373 3,271 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 15,936 7,349,394 Notional Turnover (EUR m) 864,838 535 n/a Trades 111,534 769,131 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 164,924 4 35 3 25 2 15 1 5 326 321 21 214 223 223 296 13 98 99 99 14 21 211 212 213 214 197 38 29 342 239 Revenue Breakdown 214 Cost Breakdown 214 11% 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
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 34467 İSTANBUL Listed Not listed Phone +9 (212) 298 21 Sectors Cash EU not regulated (exchange regulated) markets Fax +9 (212) 298 25 Wholesale bond markets Email international@borsaistanbul.com; index@borsaistanbul.com Retail bond markets Website www.borsaistanbul.com 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) 298,885 74 2,17 1,318 369 Trades 79,995,384 11 12,73 3,366,319 284,15 931,36 Trading figures 214 212,41 1 254 64 15 9 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 11,442 121,74 Notional Turnover (EUR m) 132,596 61 Trades 243,658 Contracts Traded 6,637,643 97,235 519 Financial figures 214 Main financial results 214 EUR ' Revenues 233,641 Costs 146,49 EBITDA 85,285 EBIT 79,72 Net Income 67,213 25 2 15 1 5 21 214 13 113 1 8 79 78 14 14 22 227 234 152 146 21 211 212 213 214 68 85 Revenue Breakdown 214 5% 17% 1% 5% 24% Listing (admission + ongoing) Trading Clearing / CCP 4% Cost Breakdown 214 12% Settlement 5% Custody & Banking 52% 38% % 5% ICT services Other (advert., educat., properties) 32% Other costs Footnotes Financial figures for years 29 212 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.
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 ()711 222 985 Sectors Cash EU regulated markets Fax +49 ()711 222 985 555 Cash EU not regulated (exchange regulated) markets Email info@boersestuttgart.de Securitized derivatives markets Website www.boersestuttgart.de 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 4,516,149 174,5 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 557 16 14 12 1 8 6 4 2 21 214 145 129 12 131 125 117 116 12 111 19 13 13 6 8 8 21 211 212 213 214 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
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) 37 95 Sectors Cash EU regulated markets Fax (+4) (21) 37 95 19 Cash EU not regulated (exchange regulated) markets Email foreignaffairs@bvb.ro markets Website www.bvb.ro 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) 1,334 857 51 1 Trades 763,115 1,35 197,174 1,624 1,946 18,385 83 Trading figures 214 113 1 1 3 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 14 21 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 2,677 1 8 6 4 2 5 3 9 4 Revenues and Costs 21 214 2 6 3 1 7 7 4 4 21 211 212 213 214 2 3 Revenue Breakdown 214 Cost Breakdown 214 19% 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
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()2 937 9 34 Sectors Cash EU regulated markets Fax +359()2 937 9 46 Email bse@bsesofia.bg Website http://www.bsesofia.bg/ 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) 299 39 Trades 17,428 1,814 46 2 2 1 4,988 372 3 2 2 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 75 18 Notional Turnover (EUR m) Trades 411 22 Contracts Traded 59 Financial figures 214 Main financial results 214 EUR ' Revenues 1,175 Costs 1,229 EBITDA 189 EBIT 258 Net Income 245 2. 1.6 1.2.8.4..4 1.4 1.6 1.4 1.4 1.4 1.1. 21 214.3.5 1.7 1.3 1.2 1.2 21 211 212 213 214.2.7 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%
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 +36 1 429 6857 Sectors Cash EU regulated market Fax +36 1429 68 markets Email info@bse.hu Wholesale bond markets Website www.bet.hu 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) 5,997 69 11 175 1 26 Trades 1,187,216 11 221 169,86 18 13,254 12,12 48 437 7 1 2,672 133 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 1,685 14 12 1 8 6 4 2 12 11 7 6 7 5 21 214 8 8 6 6 3 3 3 21 211 212 213 214 7 5 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
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 + 386 1 471 211 Sectors Cash EU regulated market Fax + 386 1 471 213 Retail bond markets Email info@ljse.si IT infrastructure and software providers Website www.ljse.si 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) 68 161 Trades 73,63 31 Trading figures 214 6,214 51 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 279 2.5 2. 1.5 1..5 21 214 2.3 2.1 2. 2.1 1.8 1.9 1.7 1.7.5.3.4.3 1.8 1.5.5. 21 211 212 213 214 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
FESE EUROPEAN EXCHANGE REPORT 214 Page 12 of 27 CEESEG PRAGUE STOCK EXCHANGE Name Prague Stock Exchange Type of Company Jointstock company Address Rybna 14 11 5 Prague 1 Listed No Phone +42 221 831 111 Sectors Cash EU regulated markets Fax Cash EU not regulated (exchange regulated) markets Email info@pse.cz markets Website www.pse.cz 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) 5,572 21 Trades 629,57 3,813 Trading figures 214 22,644 23 68 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 5,672 25 2 15 1 5 17 13 15 7 21214 22 21 11 15 2 14 1 9 21 211 212 213 214 18 12 8 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).
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 +43 1 531 65 Sectors Cash EU regulated market Fax +43 1 532 97 4 Cash EU not regulated (exchange regulated) markets Email info@wienerborse.at Wholesale bond markets Website www.wienerboerse.at 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) 23,92 238 2.4.2 Trades 4,642,623 2,386 258 37 79,988 99 5,774 2 1 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 13,735 6 5 4 3 2 1 52 49 21 214 42 43 45 27 27 26 27 28 24 27 16 17 21 211 212 213 214 19 Revenue Breakdown 214 Cost Breakdown 214 15% 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
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 +357 22 7123 Sectors Cash EU regulated markets Fax +357 22 5738 Cash EU not regulated (exch. regulated) markets Email info@cse.com.cy Retail bond markets Website www.cse.com.cy 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) 47 5.1 7 3.3 Trades 34,864 14 265 2,848 3,331 94 Trading figures 214 39,569 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 214 1 Main financial results 214 EUR ' Revenues 4,532 Costs 5,265 EBITDA 82 EBIT 1,112 Net Income 733 8 6 4 2 5.6 5.3.7 4.3 21 214 6.3 5.8 2.3 4.4 1.7 3.8 6.4 4.5 5.3 21 211 212 213 214 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
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 () 69 2 11 Sectors Cash EU regulated market Fax +49 () 69 2 11 Cash EU not regulated (exchange regulated) markets Email info@deutscheboerse.com markets Website www.deutscheboerse.com 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 11,129,216 211,527 1,315,679 2,25,43 2,253,298 2,587,721 2,348 119,17 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 1,8,717,688 461,343,4 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 669,4 25 2 15 1 5 2,16 2,121 936 879 21 214 1,932 922 1,912 2,43 968 1,69 21* 211 212 213 214 Revenue Breakdown 214 5% 11% 7% 36% Trading Clearing / CCP Settlement Cost Breakdown 214 25% 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
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 ()1 49 27 1 Cash EU not regulated (exchange regulated) markets Fax +33 ()1 49 27 11 71 markets Email info@euronext.com IT infrastructure and software providers Website www.euronext.com 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 16,275.4 69,147 2,58 11,967 1 Trades 184,828,352 146,529 1,191,289 3,839,333 18 1,788,327 5,1 224,565 3 Listed Domestic companies Trading figures 214 Only for European markets 2,742,873 1,55 45,12 631 41,241 192 s Book EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 1,587 25 Notional Turnover (EUR m) 3,21,463 114,581 Trades 579,369 42 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 118,174 6 5 4 3 2 1 213 214 482 492 34 312 178 181 213 214 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.
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 ()2 765 77 Sectors Futures & Options Energy Exchange Fax +44 ()2 7638 4964 Email info@theice.com Website www.theice.com 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) 6,786,645 274,797,8 2,219,13 Trades Contracts Traded 29,58,18 47,332,736 322,371,788 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 214 28 24 2 16 12 8 4 199 161 24 21 214 195 178 133 74 51 59 63 46 48 89 6 59 21 211 212 213 214 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
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) 617 42 Sectors Cash EU regulated market Fax +353 (1) 677 645 Cash EU not regulated (exchange regulated) markets Email info@ise.ie Listing of, Debt and Investment Funds Website www.ise.ie 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 17,986 126 8 2 Trades 2,138,56 88,838 48 488 78 118,56 52 Trading figures 214 1 7,367 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 5,32 3 25 2 15 1 5 2 21 2 18 15 15 6 Revenues, Costs and EBIT 21 214 5 7 21 211 212 213 214 23 17 8 25 19 7 Revenues Breakdown 214 Cost Breakdown 214 18% 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
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 ()2 7264 5555 Listed Parent Company Listed on Hong Kong Stock Exchange Fax +44 ()2 768 55 Sectors markets Email Website www.lme.com 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 34,565 16 12 8 4 51 39 18 73 21 214 6 27 1 82 18 143 79 64 136 21 211 212 213 214 93 43 Revenue Breakdown 214 Cost Breakdown 214 13% Trading 23% 35% 14% ICT services ICT Other (advert., educat., properties) 21% Other costs 73% 21% Footnotes Financial figures under IFRS financial accounting protocol
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 +352 47 79 36 1 Sectors Cash EU regulated market Fax +352 47 32 98 Cash EU not regulated (exchange regulated) markets Email info@bourse.lu Wholesale bond markets Website www.bourse.lu 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) 17 1 5 Trades 12,926 11 155 (shares) / listings 52,22 22 6,31 148 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 1,836 5 4 3 2 1 41 41 42 41 25 21 214 24 26 26 17 17 16 14 14 21 211 212 213 214 43 29 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
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 +356 2124451 Sectors Cash EU regulated market Fax +356 25696316 Cash EU not regulated (exchange regulated) markets Email borza@borzamalta.com.mt Wholesale bond markets Website www.borzamalta.com.mt 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 214 5 4 3 2 1 4.4 4.5 2.7 2.6 21 214 1.7 1.8 4.8 2.9 3.1 1.9 2. 21 211 212 213 214 Cost Breakdown 214 5.1 3.5 2.8 7% 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
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 +358 9 616671 Cash EU not regulated (exchange regulated) markets Fax +358 9 298 234 markets Email communications@nasdaq.com Wholesale bond markets Website www.nasdaqomx.com 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 21,624 389 9,64 3,13 7,28 3,33 Trades 82,224,984 1,34,98 793,18 167,551 449,87 1,62 425,32 1,595,724 988,974 787 Trading figures 214 2,681 42 81,931 43 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, 1452635.8 1345664 35 3 25 2 15 1 5 261 275 282 148 156 113 119 21 214 293 33 158 124 158 163 136 14 21 211 212 213 214 Revenues Costs excl depreciation and EBITDA Revenue Breakdown 214 Cost Breakdown 214 6 % 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
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 +47 22 34 17 Sectors Cash EU regulated market Fax +47 22 34 19 25 markets Email communications@oslobors.no Wholesale bond markets Website www.osloborsvps.no 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 14,137 23 19 3,726 Trades 23,5,18 33,787 9,22 13,13 28,322 181,91 22 Trading figures year 214 359 46 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 21,111 458,372 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 36,47 14 12 1 8 6 4 2 21214 118 118 111 118 17 8 86 71 78 64 53 68 55 54 54 21 211 212 213 214 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
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 3 821 Zürich Sectors CH regulated cash markets/ch not regulated (exchange reg.) markets Phone +41()58 854 54 54 markets (securitized derivativs only) Fax +41()58 854 54 55 Retail bond markets Email CCP, Central Securities Depository and Custodian Services Websites www.sixswissexchange.com 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 1,152,736 791,442 15,34 884,66 27,266 213,13 1,85 (Swiss Exchange) (shares) / listings 1,235,157 289 Trading figures 214 31,656 839 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 4 3 2 1 271 148 15 21 214 36 17 17 158 161 166 113 69 14 98 82 88 Revenue Breakdown 214 21 211 212 213 214 Revenues Costs (excl. Depreciation) EBITDA Cost Breakdown 214 13% 13% 16% Listing (admission + ongoing) 34% Other (advert., educat., properties) 64% Other costs 58% 2% Footnotes Financial data for 28211 according to Management Accounts (not IFRS and not approved by auditors). Figures 28 211 are including Eurex business, from 212 without EUREX business.
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 +48 22 628 32 32 Sectors Cash EU regulated market Fax +48 22 628 17 54 Cash EU not regulated (exchange regulated) markets Email gpw@gpw.pl Cash alternative (exchange regulated) market markets Website www.gpw.pl 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 8,148 134 25 17 1 Trades 14,688,869 11,377 58,718 1,322 1 9,92 6 Trading figures 214 139,69 616 92 824 68 31 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 563 188 Notional Turnover (EUR m) 55,591 71 Trades 64,411 269 Contracts Traded 7,222,687 3,25 517 Financial figures 214 Main financial results 214 EUR ' Revenues 76,177 Costs 43,836 EBITDA 39,216 EBIT 32,342 Net Income 26,829 8 7 6 5 4 3 2 1 57 21 214 65 68 68 38 4 34 33 36 34 34 27 76 44 39 21 211 212 213 214 Revenue Breakdown 214 Cost Breakdown 214 19% 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).
FESE EUROPEAN EXCHANGE REPORT 214 Page 26 of 27 NOTES ON METHODOLOGY Trading figures: Trading statistics follow the FESE Statistics Methodology: http://www.fese.eu/statisticsmarketresearch/fesestatisticsmethodology. 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: http://www.fese.eu/statisticsmarketresearch/fesestatisticsmethodology). 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: http://www.fese.eu/statisticsmarketresearch/historicaldata. General information and Financial figures 214 provided by FESE members.
FESE EUROPEAN EXCHANGE REPORT 214 Page 27 of 27 CONTACT FESE Secretariat Sara Baldi Communications & Policy Adviser Tel: +32 2 551 1 86 Email: baldi@fese.eu