Published in September 2012 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

Transcription

1 EUROPEAN EXCHANGE REPORT Published in September 212 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

2 FESE EUROPEAN EXCHANGE REPORT 211 Page 2 of 29 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 pre established 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. Hans Ole Jochumsen President of the Federation of European Securities Exchanges

3 FESE EUROPEAN EXCHANGE REPORT 211 Page 3 of 29 TABLE OF CONTENTS Contents ATHENS EXCHANGE... 4 BOLSAS Y MERCADOS ESPAÑOLES (BME)... 5 BÖRSE BERLIN AG... 6 BÖRSE STUTTGART... 7 BRATISLAVA STOCK EXCHANGE... 8 BUCHAREST STOCK EXCHANGE... 9 BULGARIAN STOCK EXCHANGE SOFIA... 1 CEESEG BUDAPEST STOCK EXCHANGE CEESEG LJUBLJANA STOCK EXCHANGE CEESEG PRAGUE STOCK EXCHANGE CEESEG VIENNA STOCK EXCHANGE CYPRUS STOCK EXCHANGE DEUTSCHE BÖRSE GROUP ICE FUTURES EUROPE THE IRISH STOCK EXCHANGE ISTANBUL MENKUL KIYMETLER BORSASI LONDON METAL EXCHANGE... 2 LUXEMBOURG STOCK EXCHANGE MALTA STOCK EXCHANGE NASDAQ OMX Group Inc NYSE EURONEXT OSLO BØRS SIX GROUP SIX SWISS EXCHANGE WARSAW STOCK EXCHANGE NOTES ON METHODOLOGY CONTACT... 29

4 FESE EUROPEAN EXCHANGE REPORT 211 Page 4 of 29 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@helex.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 Greece Number of employees 263 (end of the year) Sec. Turnover (EUR m) 19,399 1, Trades 6,441,758 1, , ,75 8 Trading figures , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 15 1 Notional Turnover (EUR m) 9,857 Trades 3,13 1 Contracts Traded 1,431,84 67 Financial figures 211 Main financial results 211 EUR ' Revenues 47,919 Costs 25,83 EBITDA 23,897 EBIT 22,89 Net Income 25, Revenue Breakdown 211 Cost Breakdown 211 2% 15% 23% Listing (admission + ongoing) Trading 7% 6% ICT 9% 1% 3% 12% Clearing / CCP Settlement Custody & Banking 33% 47% 4% ICT services Other costs 31% Other (advert., educat., properties) 7% Footnotes Financial figures are under IAS financial accounting protocol 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 211 Page 5 of 29 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@bolsasymercados.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 76 (average) Sec. Turnover (EUR m) 874, ,686 1,556 n/a 3,49 n/a n/a n/a Trades 45,673,29 21,671 n/a n/a n/a n/a n/a n/a Trading figures ,17 3,276 4, ,373 3,83 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 85,64 12,322,116 Notional Turnover (EUR m) 633,945 Trades 2,869 1,125,674 Contracts Traded 67,568,96 4,914 Financial figures 211 Main financial results 211 EUR ' Revenues 321,395 Costs 98,337 EBITDA 223,58 EBIT 214,685 Net Income 155, Revenue Breakdown 211 5% 2% 8% 1% Listing (admission + ongoing) Fixed Income Cost Breakdown 211 7% Trading & Clearing 25% 41% Clearing / CCP Clearing / CCP Settlement 35% 58% 7% 2% 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 FESE EUROPEAN EXCHANGE REPORT 211 Page 6 of 29 BÖRSE BERLIN AG Name Börse Berlin AG Type of Company Jointstock company Address Fasanenstraße 85; 1623 Berlin Listed No Phone +49 () Sectors Cash EU regulated markets Fax +49 () Wholesale bond markets info@equiduct.com Fund trading Website Year established 1685 Year of current legal status 2 Country of Incorporation Germany Number of employees 13 (end of year) Germany Sec. Turnover (EUR m) Trades Trading figures 211 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 211 Main financial results 211 EUR ' Revenues 3,59 Costs 4,762 EBITDA 757 EBIT 239 Net Income 131 EUR million Revenue Breakdown 211 (Xontro) Cost Breakdown % 5% 27% Listing (admission + ongoing) 52% 43% ICT Other (advert., educat., properties) Other costs 52% 3% 2% Footnote Financial figures are under Handelsgesetzbuch (HGB) financial accounting protocol

7 FESE EUROPEAN EXCHANGE REPORT 211 Page 7 of 29 BÖRSE STUTTGART Name Boerse Stuttgart Holding GmbH Type of Company Corporation (Association) Address Börsenstraße 4, 7174 Stuttgart Listed Phone +49 () Sectors markets Fax +49 () info@boersestuttgart.de Website Year established 1861 Year of current legal status 27 Country of Incorporation Germany Number of employees 279 (end of year) Germany, Sweden Sec. Turnover (EUR m) 12,866 61,154 7,767 1,149 Trades 944,715 5,8, ,197 84,774 Trading figures ,948 1,186 n/a 2,19 s Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 3,74 Notional Turnover (EUR m) Trades 42,362 Contracts Traded n/a Financial figures 211 Main financial results 211 EUR ' Revenues 144,526 Costs 131,45 EBITDA 13,393 EBIT 9,363 Net Income 5, Revenues Costs (ex tax) EBITDA Revenue Breakdown 211 Cost Breakdown 211 1% 4% 2% 3% 5% 1% Listing (admission + ongoing) 32% 23% Clearing / CCP ICT exchange 84% Custody & Banking (financial revs.) ICT services Other (advert., educat., properties) 3% 3% 12% Other costs 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 211 Page 8 of 29 BRATISLAVA STOCK EXCHANGE Name Bratislava Stock Exchange Type of Company Jointstock company Address P.O.Box 151 Vysoká Bratislava 1 Listed No Phone Sectors Cash EU regulated markets Fax Wholesale bond markets statistics@bsse.sk Clearing houses Website Central Securities Depositories / Companies managing settlement Year established 1991 Year of current legal status 1991 Country of Incorporation Slovakia Number of employees 25 (end of year) Slovakia Sec. Turnover (EUR m) Trades 7, , Trading figures 211 s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 67 18,486 Notional Turnover (EUR m) Trades 585 1,783 Contracts Traded 146 Financial figures 211 Main financial results 211 EUR ' Revenues 1,613 Costs 1,477 EBITDA 296 EBIT 192 Net Income Revenue Breakdown 211 Cost Breakdown 211 7% 2% 32% 23% Listing (admission + ongoing) Custody & Banking 32% 56% ICT 2% Other (advert., educat., properties) Other costs 43% 3% Footnote Financial figures are under the following financial accounting protocols: 27211: IFRS Financial figures refer to the exchange and not to the parent company owning the exchange Figures mentioned not include subsidiaries.

9 FESE EUROPEAN EXCHANGE REPORT 211 Page 9 of 29 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 bvb@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 6 (end of year) Romania Sec. Turnover (EUR m) 1, Trades 893, ,522 5,755 1, Trading figures s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 24 Trades Contracts Traded 54,337 6 Financial figures 211 Main financial results 211 EUR ' Revenues 8,745 Costs 4,39 EBITDA 4,611 EBIT 4,439 Net Income 3, Revenues and Costs Revenue Breakdown 211 Cost Breakdown 211 3% Listing (admission + ongoing) 38% 41% ICT (Materials & Services) 41% 5% 6% Other (financial&members' fees) 4% 14% 3% Other costs (financial) Footnote Financial figures are under IVth EEC Directive for financial accounting

10 FESE EUROPEAN EXCHANGE REPORT 211 Page 1 of 29 BULGARIAN STOCK EXCHANGE SOFIA Name Bulgarian Stock Exchange Sofia Type of Company Jointstock company Address 6 Tri ushi St., 131 Sofia Listed Regulated market managed by itself Phone +359() Sectors Cash EU regulated markets Fax +359() bse@bsesofia.b Website Year established 1991 Year of current legal status 1991 Country of Incorporation Bulgaria Number of employees 33 (end of year) Bulgaria Sec. Turnover (EUR m) Trades 11,199 2, , Trading figures 211 n/a 57 s Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded 55 Financial figures 211 Main financial results 211 EUR ' Revenues 1,397 Costs 1,46 EBITDA 317 EBIT 155 Net Income 148 EUR Million Revenue Breakdown 211 Cost Breakdown 211 3% 16% 23% Listing (admission + ongoing) 12% 2% 4% ICT 15% ICT services Other (advert., educat., properties) Other costs 45% 1% 43% Footnotes Financial figures are under IFRS financial accounting protocol On Revenue breakdown, other revenues include membership fees and financial sanctions imposed on Exchange members

11 FESE EUROPEAN EXCHANGE REPORT 211 Page 11 of 29 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 58 (end of year) Hungary Trading figures 211 Sec. Turnover (EUR m) 13, Trades 2,333, , ,531 14, s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 1,2 Notional Turnover (EUR m) 4, Trades 2,553 Contracts Traded 2,687,691 5, Financial figures 211 Main financial results 211 EUR ' Revenues 11,47 Costs 6,678 EBITDA 6,59 EBIT 6,352 Net Income 4, Revenue Breakdown 211 Cost Breakdown 211 4%.2% 21% Listing (admission + ongoing) 21% 27% Trading 46% Material Index Licence 3% ICT 4% ICT services 6% Other costs 4% 4% Other (advert., educat., properties) 24% Footnote Financial figures are under GAAP financial accounting protocol Financial figures refer to the exchange and not to the parent company owning the exchange

12 FESE EUROPEAN EXCHANGE REPORT 211 Page 12 of 29 CEESEG LJUBLJANA 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 58 (end of year) Hungary Trading figures 211 Sec. Turnover (EUR m) 13, Trades 2,333, , ,531 14, s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 1,2 Notional Turnover (EUR m) 4, Trades 2,553 Contracts Traded 2,687,691 5, Financial figures 211 Main financial results 211 EUR ' Revenues 11,47 Costs 6,678 EBITDA 6,59 EBIT 6,352 Net Income 4, Revenue Breakdown 211 Cost Breakdown 211 4%.2% 21% Listing (admission + ongoing) 21% 27% Trading 46% Material Index Licence 3% ICT 4% ICT services 6% Other costs 4% 4% Other (advert., educat., properties) 24% Footnote Financial figures are under GAAP financial accounting protocol Financial figures refer to the exchange and not to the parent company owning the exchange

13 FESE EUROPEAN EXCHANGE REPORT 211 Page 13 of 29 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 9 (end of year) Czech Republic Sec. Turnover (EUR m) 15, Trades 1,34, ,23 26 Trading figures s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 25,435 Notional Turnover (EUR m) 8 Trades 16 6,9 Contracts Traded 2,47 95 Financial figures 211 Main financial results 211 EUR ' Revenues 21,77 Costs 15,261 EBITDA 11,76 EBIT 8,134 Net Income 6, Revenue Breakdown 211 Cost Breakdown 211 % 2% 2% Listing (admission + ongoing) 3% 33% ICT 57% Settlement 21% Other (advert., educat., properties) Other costs 19% 1% 17%

14 FESE EUROPEAN EXCHANGE REPORT 211 Page 14 of 29 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 markets Website Wholesale bond markets Retail bond markets Year established 1771 Clearing houses / CCP services providers* Year of current legal status 1997 Country of Incorporation Austria Number of employees 11 (end of year) Austria Trading figures 211 Sec. Turnover (EUR m) 3, Trades 4,959,372 3,834 1, , ,79 22 s Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 654 Notional Turnover (EUR m) 15,747 Trades 17,434 Contracts Traded 935,343 3,635 Financial figures 211 Main financial results 211 EUR ' Revenues 49,51 Costs 26,635 EBITDA 24,223 EBIT 22,866 Net Income 18, Revenue Breakdown 211 Cost Breakdown % 9% 5% 26% 51% Listing (admission + ongoing) 22% 37% Trading ICT Clearing / CCP 1% 1% Other (advert., educat., properties) 36% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange Financial figures are under local GAAP financial acconting standards *The CEESEG Holding, parent company of the Wiener Börse AG, does control CCP services and CSD indirectly via the stock exchanges in Prague and Budapest; the Wiener Börse AG does control only 5% of the Austrian CCP

15 FESE EUROPEAN EXCHANGE REPORT 211 Page 15 of 29 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 Regulated Market Fax Website Year established 1993 Year of current legal status 1996 Country of Incorporation Cyprus Number of employees 8 (end of year) Cyprus Sec. Turnover (EUR m) Trades 163, , , Trading figures s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 28 1 Notional Turnover (EUR m) Trades 5,268 2 Contracts Traded 63 Financial figures 211 Main financial results 211 EUR ' Revenues 4,327 Costs 6,279 EBITDA 2,317 EBIT 2,626 Net Income 1, Revenue Breakdown 211 Cost Breakdown 211 5% % 6% 3% 22% 37% Listing (admission + ongoing+central depository) &clearing and settlement ICT services Other (advert., educat., properties,penalties,interest) 34% 61% ICT & Other Operating Other costs 32% Footnotes Financial figures are under IFRS financial accounting protocol Financial figures refer to the exchange and not to the parent company owning the exchange Footnote on Revenue, Costs and EBITDA chart Revenue figures include interest income

16 FESE EUROPEAN EXCHANGE REPORT 211 Page 16 of 29 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, Finland, Germany, Ireland, investment fund industry (directly or indirectly) Switzerland & USA Number of employees 3,588 (end of year) Sec. Turnover (EUR m) 1,252,383 88, ,74 27,778 41, ,148 23,743 1,517 4,87 Trades 129,154,48 8,595,173 1,494,77 2,94,837 3,277,16 2,299,66 166,25 174,95 139, , Trading figures , ,82 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 15,584 32,777 Notional Turnover (EUR m) 31,919,124 75,39,57 Trades 347, ,254 Contracts Traded 1,44,311,568 63,356,492 22,463 Financial figures 211 Main financial results 211 EUR ' Revenues 2,365,4 Costs 1,133,8 EBITDA 1,325,3 EBIT 1,235, Net Income 833, ,665 2,787 2,323 2,226 2,365 1,646 1,472 1,284 1,324 1,264 1,221 1,325 1,27 1,147 1, Revenue Breakdown 211 Cost Breakdown 211 1% 6% 6% 4% Trading & Clearing Clearing / CCP (Cash clearing only) 21% 36% Settlement Custody & Banking 8% Volume related costs 31% Info products 5% 2% Other 35% Footnote Financial figures are under IFRS financial accounting protocol traded at Eurex, jointly operated by Deutsche Börse and SIX Swiss Exchange. Total statistics shown in both exchanges.

17 FESE EUROPEAN EXCHANGE REPORT 211 Page 17 of 29 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 (IntercontinentalExchange 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 8 (end of year) United Kingdom Sec. Turnover (EUR m) Trades Trading figures 211 s Book Trades EOB Options & Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 18,921,346 Trades Contracts Traded 268,993,944 Financial figures 211 Main financial results 211 EUR ' Revenues 24,282 Costs 59,37 EBITDA 194,86 EBIT 193,159 Net Income 148,592 Revenue Breakdown Cost Breakdown % 15% Trading* 1% 82% 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 211 Page 18 of 29 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 1995 Country of Incorporation Ireland Number of employees 84 (average) Ireland Sec. Turnover (EUR m) 6,376 11, Trades 1,11,341 17, , Trading figures s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 3,755 Notional Turnover (EUR m) Trades 29,897 Contracts Traded 21,95 Financial figures 211 Main financial results 211 EUR ' Revenues 21,262 Costs 17,91 EBITDA 5,326 EBIT 4,628 Net Income 4, Revenues, Costs and EBIT Revenues Costs EBIT Revenues Breakdown 211 Cost Breakdown % 1% Listing (admission + ongoing) 17% 4% ICT 56% 7% Other (advert., educat., properties) 23% 66% Footnotes Financial figures are under IFRS financial accounting protocol

19 FESE EUROPEAN EXCHANGE REPORT 211 Page 19 of 29 ISTANBUL MENKUL KIYMETLER BORSASI Name Istanbul Menkul Kıymetler Borsası Type of Company Public sector (State) entity Not for profit 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 Retail bond markets Website Clearing houses / CCP services providers Central Securities Depositories Year established 1985 Companies managing settlement Year of current legal status 1985 Country of Incorporation Turkey Turkey Number of employees 452 (end of the year) Sec. Turnover (EUR m) 299, ,27 3,769 1,94 Trades 11,294, ,996 1,358,186 34,442 3,46,877 Trading figures , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 29, ,981 Notional Turnover (EUR m) Trades 361,483 Contracts Traded 12 Financial figures 211 Main financial results 211 EUR ' Revenues 1,285 Costs 78,998 EBITDA 25,43 EBIT 22,191 Net Income 21,287 EUR Millions Revenue Breakdown 211 Cost Breakdown 211 3% 12% Listing (admission + ongoing) 15% 4% 4% 7% 47% ICT services Other (advert., educat., properties) 24% 57% Other costs Footnotes Financial figures are under GAAP financial accounting protocol Figures mentioned do not include subsidiaries.

20 FESE EUROPEAN EXCHANGE REPORT 211 Page 2 of 29 LONDON METAL EXCHANGE Name London Metal Exchange Type of Company Joint stock company with explicit profitcap Address 56 Leadenhall Street, London, EC3A 2DX, UK Phone +44 () Listed No listed Fax +44 () Sectors markets Website Year established 1877 Year of current legal status 1987 Country of Incorporation England Number of employees 95 (end of year) United Kingdom Trading figures 211 Sec. Turnover (EUR m) Trades s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 12,2, Trades Contracts Traded 146,597,565 Financial figures 211 Main financial results 211 EUR ' Revenues 73,415 Costs 59,928 EBITDA 27,124 EBIT 16,165 Net Income 9,2 EUR Millions Revenue Breakdown 211 Cost Breakdown % 59% Trading 25% 26% ICT services ICT 2% Other (advert., educat., properties) 18% Other costs 31% Footnotes Financial figures under IFRS financial accounting protocol

21 FESE EUROPEAN EXCHANGE REPORT 211 Page 21 of 29 LUXEMBOURG STOCK EXCHANGE Name Luxembourg Stock Exchange Type of Company Jointstock company Address 11, av de la PorteNeuve L2227 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 135 (end of year) Luxembourg Sec. Turnover (EUR m) Trades 9, (shares) / listings Trading figures ,93 n/a 298 8,346 6,44 s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 144 Notional Turnover (EUR m) Trades 1,283 Contracts Traded 29,243 Financial figures 211 Main financial results 211 EUR ' Revenues 4,54 Costs 23,629 EBITDA 16,91 EBIT 12,486 Net Income 1, Revenue Breakdown 211 2% Cost Breakdown % 27% Listing (admission + ongoing) 21% 44% ICT.2% 71% ICT services Other (advert., educat., properties) 24% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange Financial figures are under LUXGAAP financial accounting protocol

22 FESE EUROPEAN EXCHANGE REPORT 211 Page 22 of 29 MALTA STOCK EXCHANGE Name Malta Stock Exchange Type of Company Public sector (State) entity 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 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 52 (end of year) Malta Sec. Turnover (EUR m) 38 Trades 7,742 2, Trading figures 211 s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 472 Notional Turnover (EUR m) Trades 9,576 Contracts Traded 113 Financial figures 211 Main financial results 211 EUR ' Revenues 4,468 Costs 2,648 EBITDA 1,82 EBIT 1,82 Net Income 1, Revenue Breakdown 211 Cost Breakdown 211 9% 8% 7% Listing (admission + ongoing) Membership Clearing / Settlement / CSD 43% 49% 84% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange Financial accounts were audited in October 27. The Exchange became MSE Plc as from 1 November 27. Financial figures are under IFRS financial accounting standards

23 FESE EUROPEAN EXCHANGE REPORT 211 Page 23 of 29 NASDAQ OMX GROUP INC. Name NASDAQ OMX Nordic Ltd Type of Company Jointstock company Consolidated figures Address Listed Since 28 subgroup of The NASDAQ OMX Group Inc. (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 462 (average in Europe) Europe in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden and the UK Sec. Turnover (EUR m) 59,446 49,533 16, ,993 5,336 5,651 22,426 Trades 89,737,952 64,745 1,6, , ,979 6,1 345,66 1,549, , Trading figures 211 2, s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 8,96 1,897,973 Notional Turnover (EUR m) 635,45 3,673,672 Trades 122,294 n/a Contracts Traded 83,796,132 33,175,64 5,627 Financial figures 211 Main financial results 211 EUR ' Revenues 275, Costs 119, EBITDA 156, EBIT 115, Net Income 7, Revenue Breakdown 211 Cost Breakdown % 17 % 22 % Listing (admission + ongoing) 28 % 29 % incl derivatives trading ICT Clearing / CCP incl settlement & depository 57 % Clearing / CCP incl settlement & depository 26 % 18 % Other costs Footnotes Financial figures are under Finnish accounting protocol (quite in line with IFRS) Figures are NASDAQ OMX Ltd consolidated figures

24 FESE EUROPEAN EXCHANGE REPORT 211 Page 24 of 29 NYSE EURONEXT Name NYSE EURONEXT Type of Company Jointstock company Address Listed On NYSE 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 27 Country of Incorporation USA Number of employees 3,77 (end of year) Belgium, France, Netherlands, Portugal, United Kingdom and USA Sec. Book Trades EOB Trades Book EOB Book EOB Book EOB Turnover (EUR m) 1,52,313 18,689 1,175,97 3, ,799 26,477 14, Trades 21,739,54 212,731 1,22,532 5,324, ,633,177 14,429 36,35 97 Listed Domestic companies Trading figures 211 Only for European markets 1,884,745 1,112 24, , s Book EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 8, Notional Turnover (EUR m) 8,374, ,19,92 293,991 Trades 64,351 1,151 Contracts Traded 549,513, ,72,185 2,729,526 4,497 Financial figures 211 Main financial results 211 EUR ' Revenues 4,551,511 Costs 3,421,92 EBITDA 1,129,69 EBIT 849,614 Net Income 619, Revenue Breakdown 211 Cost Breakdown % 1% 8% Listing (admission + ongoing) 25% 8% 38% Trading ICT services 58% ICT 23% Other (Activity assessment, regulatory and others) 17% Footnotes Euronext & NYSE have merged in April 27. All the information refers to NYSE Euronext except for trading figures which only refer to the European trading. Main financial results are based on US GAAP since April 27 converted at correspondent exchange rates.

25 FESE EUROPEAN EXCHANGE REPORT 211 Page 25 of 29 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 253 (end of year) Norway Sec. Turnover (EUR m) 174,762 11, ,889 Trades 22,413,812 45,941 11,515 87, ,571 17, Trading figures year s Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 16,715 46,92 Notional Turnover (EUR m) 8,118 Trades 2,231 25,112 Contracts Traded 12,8,635 1,211 Financial figures year 211 Main financial results 211 EUR ' Revenues 118,34 Costs 8,319 EBITDA 61,119 EBIT 37,985 Net Income 29, Revenue Breakdown year 211 Cost Breakdown year % 17% Listing (admission + ongoing) 29% 17% 42% Trading 42% 8% 3.5% Clearing / CCP Settlement 29% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange Financial figures are under IFRS financial accounts standards

26 FESE EUROPEAN EXCHANGE REPORT 211 Page 26 of 29 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 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 Scoach CH) Year of current legal status 28 Data vending, credit card solutions, electronic payment processing Country of Incorporation Switzerland Number of employees 252 (end of year) Switzerland & Germany Sec. Turnover (EUR m) 629,467 6,143 35,951 35,576 6,42 61,231 22,28 3, Trades 36,734,773 6,211 21,28 1,349,55 3, ,6 1, ,146 1,19 (Swiss Exchange (shares) / listings 835,9 28 Trading figures , n/a 24 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 35,565 17,756 Notional Turnover (EUR m) 31,919,124 75,39,57 Trades 468,323 75,717 Contracts Traded 1,44,311,568 63,356,492 1,498 Financial figures 211 Main financial results 211 EUR ' Revenues 36,116 Costs 17,28 EBITDA 169,542 EBIT 161,37 Net Income n/a Revenues Costs (excl. Depreciation) EBITDA Revenue Breakdown 211 Cost Breakdown 211 1% 7% 11% 22% Listing (admission + ongoing) 73% 5% Other (advert., educat., properties) Other costs 72% Footnotes Financial data for 2627 under IFRS. Financial data for according to Management Accounts (not IFRS and not approved by auditors). traded at Eurex, jointly operated by SIX Swiss Exchange and Deutsche Börse. Total statistics shown in both exchanges.

27 FESE EUROPEAN EXCHANGE REPORT 211 Page 27 of 29 WARSAW STOCK EXCHANGE Name Warsaw Stock Exchange Type of Company Jointstock company Address Ksiazeca 4, 498 Warsaw Listed on Warsaw Stock Exchange Phone Sectors Cash EU regulated market Fax Cash alternative (exchange regulated) market markets Website Wholesale bond markets Retail bond markets Year established 1991 Commodity exchange Year of current legal status 1991 Commodity clearing house Country of Incorporation Poland Number of employees 261 (end of year) Poland Sec. Turnover (EUR m) 61,571 8, Trades 14,97,571 4,441 31, , , , Trading figures s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) Notional Turnover (EUR m) 92,36 Trades 29, Contracts Traded 15,357, Financial figures 211 Main financial results 211 EUR ' Revenues 65,351 Costs 32,99 EBITDA 39,989 EBIT 32,442 Net Income 32,56 EUR million Revenue Breakdown 211 Cost Breakdown % 2% 9% 12% Listing (admission + ongoing) 38% 15% Trading 6% Other (advert., educat., properties) 5% Footnotes Operating revenues and costs (excluding financial revenues and costs) Figures are under International Financial Reporting Standards (IFRS) protocol

28 FESE EUROPEAN EXCHANGE REPORT 211 Page 28 of 29 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, Amortization. ICT Information and Communication Technologies Information sources Trading figures 211 taken from FESE Statistics Database: General information and Financial figures 211 provided by FESE members.

29 FESE EUROPEAN EXCHANGE REPORT 211 Page 29 of 29 CONTACT FESE Secretariat Rosa Armesto Head of Economics and Statistics & Fixed Income Tel: stats@fese.eu Sara Baldi Junior Policy Advisor Tel: sara@fese.eu