EUROPEAN EXCHANGE REPORT

Transcription

1 EUROPEAN EXCHANGE REPORT Published in July 217 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

2 FESE EUROPEAN EXCHANGE REPORT 217 Page 2 of 27 FOREWORD BY FESE PRESIDENT The European Exchange Report is a valuable source of integrated information on Europe s exchange industry. It is compiled by the Federation of European Securities Exchanges (FESE) which represents exchanges operating and meeting the standard of European Regulated Markets under EU law. The European Exchange Report includes key figures of each operator of Regulated Markets which are summarised on a onepage 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 information, company details, services, employees, etc. 2. Trading figures 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 revenues, costs and net income including analysis breakdown of services 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 trust that you will find this information useful. Deirdre Somers President of the Federation of European Securities Exchanges

3 FESE EUROPEAN EXCHANGE REPORT 217 Page 3 of 27 TABLE OF CONTENTS FULL MEMBERS... 4 ATHENS EXCHANGE... 5 BOLSAS Y MERCADOS ESPAÑOLES (BME)... 6 BÖERSE STUTTGART... 7 BORSA ISTANBUL... 8 BUDAPEST STOCK EXCHANGE... 9 CEESEG PRAGUE STOCK EXCHANGE... 1 CEESEG VIENNA STOCK EXCHANGE CYPRUS STOCK EXCHANGE DEUTSCHE BÖRSE GROUP EURONEXT ICE FUTURES EUROPE THE IRISH STOCK EXCHANGE LONDON METAL EXCHANGE LUXEMBOURG STOCK EXCHANGE MALTA STOCK EXCHANGE NASDAQ Group Inc OSLO BØRS SIX GROUP SIX SWISS EXCHANGE WARSAW STOCK EXCHANGE (GPW) AFFILIATE MEMBERS TEL AVIV STOCK EXCHANGE (TASE) on Methodology Contact... 27

4 FESE EUROPEAN EXCHANGE REPORT 217 Page 4 of 27 FULL MEMBERS

5 FESE EUROPEAN EXCHANGE REPORT 217 Page 5 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 / XNET network Country of Incorporation Greece Platform for access to internat. securities trading Greece Number of employees 224 (end of year) Shares Sec. ETFs UCITs Turnover (EUR m) 12,879 2, Trades 4,639,181 1, , , Trading figures , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 5 2 Notional Turnover (EUR m) 2,714 Trades Contracts Traded 15,47, Financial figures 216 Main financial results 216 EUR ' Revenues 26,955 Costs 21,816 EBITDA 8,2 EBIT 5,139 Net Income 3, Revenue Breakdown 216 Cost Breakdown %.6% 11% 31% 2% 19% 1 Listing (admission + ongoing) Trading Clearing / CCP Settlement Custody & Banking ICT services Other (advert., educat., properties) 33% 13% 44% ICT 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.

6 FESE EUROPEAN EXCHANGE REPORT 217 Page 6 of 27 BOLSAS Y MERCADOS ESPAÑOLES (BME) Name Bolsas y Mercados Españoles 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 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 762 (average) Trading figures 216 Shares Sec. ETFs UCITs Turnover (EUR m) 618,93 28, ,4 Trades 54,135, , ,395 3,56 3, ,762 3,337 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 164,472 5,82,532 Notional Turnover (EUR m) 694, Trades 15, ,475 Contracts Traded 45,171,889 2,455 2,984 Financial figures 216 Main financial results 216 EUR ' Revenues 326,834 Costs 11,75 EBITDA 216,84 EBIT 28,433 Net Income 16, Revenue Breakdown 216 Cost Breakdown 216 6% 2% 6% Listing (admission + ongoing) 7% 14% Fixed Income Trading & Clearing 38% Clearing / CCP 3 14% Settlement Custody & Banking 58% 7% ICT services 7% 3% 3% 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

7 FESE EUROPEAN EXCHANGE REPORT 217 Page 7 of 27 BÖERSE STUTTGART Name Boerse Stuttgart 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 215 Country of Incorporation Germany Number of employees 299 (end of year) Germany, Sweden Shares Sec. ETFs UCITs Turnover (EUR m) 16,86 44,8 12, Trades 1,392,773 6,78,467 34,369 69,798 Trading figures 216 1,331,22 1,48 1,852 s Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 16,271 Notional Turnover (EUR m) Trades 324,45 Contracts Traded 13,14 Financial figures 216 Main financial results 216 EUR ' Revenues 125,96 Costs 122,254 EBITDA 11,393 EBIT 3,46 Net Income Revenues Costs (ex tax) EBITDA Revenue Breakdown 216 Cost Breakdown 216 1% 3% 1% 1% Listing (admission + ongoing) 28% 26% ICT exchange Clearing / CCP Custody & Banking (financial revs.) 84% ICT services Other (advert., educat., properties) 7% 2 14% Other costs (incl. interests and other fin. expenses) Footnote Financial figures refer to the consolidated annual statement of Boerse Stuttgart GmbH Financial figures are under German HGB financial acconting standards

8 EUR Millions FESE EUROPEAN EXCHANGE REPORT 217 Page 8 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) markets international@borsaistanbul.com; index@borsaistanbul.com Wholesale bond markets Website Retail bond markets Clearing houses / CCP services providers Year established 1873 Central Securities Depositories Year of current legal status 213 Companies managing settlement Country of Incorporation Turkey Turkey Number of employees 541 (end of the year) Shares Sec. ETFs UCITs Turnover (EUR m) 297,98 3,854 1, Trades 16,491,736 1,4 2,64, , ,239 4 Trading figures , , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 16,286 92,518 Notional Turnover (EUR m) 134,84 2,41 Trades 267,66 Contracts Traded 56,459,34 5,195,76 6 Financial figures 216 Main financial results 216 EUR ' Revenues 293,232 Costs 181,132 EBITDA 145,839 EBIT 135,982 Net Income 82, Revenue Breakdown % 1% 21% Listing (admission + ongoing) Trading Settlement 3 Cost Breakdown % Custody & Banking 3% ICT services Other costs 43% Other (advert., educat., properties) 24% Footnotes Financial figures for year 212 are under GAAP financial accounting protocol. In 213 Borsa İstanbul became a joint stock company and the financials accounting protocol changed to IFRS. The mentioned figures include subsidiaries.

9 FESE EUROPEAN EXCHANGE REPORT 217 Page 9 of 27 BUDAPEST STOCK EXCHANGE Name Budapest Stock Exchange Type of Company Jointstock company Address H 154 Budapest, Szabadság tér 7. 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 61 (end of the year) Hungary Trading figures 216 Shares Sec. ETFs UCITs Turnover (EUR m) 7, Trades 1,346, , ,44 21, ,11 14 s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 5 Notional Turnover (EUR m) Trades 25 Contracts Traded 426,51 2, Financial figures 216 Main financial results 216 EUR ' Revenues 7,92 Costs 6,568 EBITDA 1,235 EBIT 961 Net Income Revenue Breakdown 216 Listing (admission + ongoing) Cost Breakdown % 2% 2% 18% Trading XETRA and Licence ICT services 4% 3% 17% 4 Material ICT Other costs 1% 37% Other (advert., educat., properties) 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

10 FESE EUROPEAN EXCHANGE REPORT 217 Page 1 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 75 (end of year) Czech Republic Shares Sec. ETFs UCITs Turnover (EUR m) 6, Trades 895,979 2, Trading figures , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 154 Notional Turnover (EUR m) Trades 2,979 Contracts Traded 115 Financial figures 216 Main financial results 216 EUR ' Revenues 17,132 Costs 9,196 EBITDA 8,928 EBIT 7,936 Net Income 11, Revenues Breakdown 216 Costs Breakdown % 3% 7% Listing (admission + ongoing) 23% ICT 9% 31% 22% Settlement Custody & Banking Other (advert., educat., properties) 11% 1% 13% 52% Other costs Other (advert., educat., properties ) includes services for issuers by the Central Securities Depository Prague (part of PSE).

11 FESE EUROPEAN EXCHANGE REPORT 217 Page 11 of 27 CEESEG VIENNA STOCK EXCHANGE Name Vienna Stock Exchange Type of Company Jointstock company Address Wallnerstraße 8 Box 192, A11 Vienna Listed Traded OTC 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 87 (end of year) Austria Trading figures 216 Shares Sec. ETFs UCITs Turnover (EUR m) 27, Trades 6,625,672 19, , , s Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 162 Notional Turnover (EUR m) Trades 9,581 Contracts Traded 3,159 Financial figures 216 Main financial results 216 EUR ' Revenues 56,212 Costs 24,165 EBITDA 32,86 EBIT 32,47 Net Income 27, Revenue Breakdown 216 Cost Breakdown % Listing (admission + ongoing) 1 3% 1% 43% ICT Clearing / CCP* % Other (advert., educat., properties) Other costs.2% 38% Footnote Financial figures are under local GAAP financial acconting standards * provided by CCP.A; only revenues from services rendered to clearing house included

12 FESE EUROPEAN EXCHANGE REPORT 217 Page 12 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 7 (end of year) Cyprus Shares Sec. ETFs UCITs Turnover (EUR m) Trades 3, ,819 2, Trading figures s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded 28 Financial figures 216 Main financial results 216 EUR ' Revenues 4,269 Costs 5,77 EBITDA 733 EBIT 1,94 Net Income 88 Revenue Breakdown Cost Breakdown % 19% 49% Listing (admission + ongoing+central depository) &clearing and settlement 23.9% 7.1%.6% ICT & Other Operating ICT services 23% Other (advert., educat., properties,penalties,intere st) 68.4% Other costs 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

13 FESE EUROPEAN EXCHANGE REPORT 217 Page 13 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, Finland, Germany, investment fund industry (directly or indirectly) Ireland, Switzerland & USA Number of employees 5,176 (end of the year) Shares Sec. ETFs UCITs Turnover (EUR m) 1,184,365 16,156 9,42 18,636 18, ,585 2,51 1,112 1,26 Trades 137,827,2 189,23 5,299 2,229,428 2,19,281 3,75,925 47,563 17,258 35,547 Trading figures 216 1,63, ,617,738 1,128 3,5 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 7,346 4,464 Notional Turnover (EUR m) 33,839, ,896,845 Trades 449,899 34,479 Contracts Traded 1,174,512,349 76,151,44 33,591 Financial figures 216 Main financial results 216 EUR ' Revenues 2,388,7 Costs 1,174,2 EBITDA 1,299,7 EBIT 1,22,2 Net Income 81, ,932 1, ,43 1, ,67 1,691,11 2,367 2,389 1,2491,265 1,174 1, Revenue Breakdown 216 Cost Breakdown % Trading 7% 34% Clearing / CCP Settlement Custody & Banking 19% 39% 1% ICT services Other (advert., educat., properties) 9% Volume related costs 26% 1% 33% Footnote Financial figures are under IFRS financial accounting protocol

14 FESE EUROPEAN EXCHANGE REPORT 217 Page 14 of 27 EURONEXT Name Euronext N.V. Jointstock company Address Listed On Euronext (European Corp. Headquarter) 14, place des Reflets 9254 Paris La Défense Cedex Sectors Cash EU regulated markets Phone +33 () Cash EU not regulated (exchange regulated) markets Fax markets info@euronext.com IT infrastructure and software providers Website Year of Incorporation 214 Country of Incorporation The Netherlands Number of employees 574 (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) 1,61,434 31, ,48 9,66 82,249 64,152 1,15 Trades 222,889, ,73 359,313 2,912, ,267,28 11,5 186,95 2 Listed Domestic companies 3,287,23 1,51 Trading figures , s Book EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 6,647 6 Notional Turnover (EUR m) 2,979,32 126,564 Trades 376,17 27 Contracts Traded 112,427,736 13,758,816 5,525 Financial figures 216 Main financial results 216 EUR ' Revenues 496,436 Costs 222,579 EBITDA 273,857 EBIT 258,768 Net Income 197, Revenue Breakdown 216 Cost Breakdown 216 7%.3% 14% Listing (admission + ongoing) 11% 21% Trading 13% Clearing / CCP ICT Settlement and Custody 4% 1% 8% 36% ICT services Other (Activity assessment, regulatory and others) 76% 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.

15 FESE EUROPEAN EXCHANGE REPORT 217 Page 15 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 168 (end of the year) United Kingdom Shares Sec. ETFs UCITs Turnover (EUR m) Trades Trading figures 216 s Book Trades EOB Options & Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 8,318,66 283,927,852 15,281,281 Trades Contracts Traded 122,752, ,562,784 42,153,536 Financial figures 216 Main financial results 216 EUR ' Revenues 87,438 Costs 121,447 EBITDA 9,85 EBIT 86,263 Net Income 69,186 Revenue Breakdown Cost Breakdown % 27% Trading 7% 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

16 FESE EUROPEAN EXCHANGE REPORT 217 Page 16 of 27 THE IRISH STOCK EXCHANGE Name The Irish Stock Exchange PLC 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 124 (end of year) Ireland, Malta Shares Sec. ETFs UCITs Turnover (EUR m) 23,543 21, Trades 3,217,679 72, , Trading figures ,765 s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 12,6 Notional Turnover (EUR m) Trades 53,485 Contracts Traded 29,39 Financial figures 216 Main financial results 216 EUR ' Revenues 29,22 Costs 2,12 EBITDA 9,653 EBIT 9,28 Net Income 7, Revenues, Costs and EBIT Revenue Breakdown 216 Cost Breakdown % 7% Listing (admission + ongoing) 21% 2% ICT 4) 11% 6% Other (advert., educat., properties) 17% 68% Footnotes Financial figures are under IFRS financial accounting protocol

17 EUR Millions FESE EUROPEAN EXCHANGE REPORT 217 Page 17 of 27 LONDON METAL EXCHANGE Name The 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 229 (end of year) United Kingdom Shares Sec. ETFs UCITs Turnover (EUR m) Trades Trading figures 216 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 8,88,951 Trades Contracts Traded 149,41,176 Financial figures 216 Main financial results 216 EUR ' Revenues 183,128 Costs 69,793 EBITDA 113,335 EBIT 93,877 Net Income 74, Revenue Breakdown 216 Cost Breakdown 216 9% Trading 21% 13% 37% ICT ICT services Other (advert., educat., properties) 22% Other costs 78% 2% Footnotes Financial figures under IFRS financial accounting protocol

18 FESE EUROPEAN EXCHANGE REPORT 217 Page 18 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 Retail bond markets IT infrastructure and software providers Year established 1927 Year of current legal status 1928 Country of Incorporation Luxembourg Number of employees 145 (end of year) Luxembourg Trading figures 216 Shares Sec. ETFs UCITs Turnover (EUR m) 74 3 Trades 9, (shares) / listings 57, , ,591 s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 18 Notional Turnover (EUR m) Trades 5,569 Contracts Traded 3,55 Financial figures 216 Main financial results 216 EUR ' Revenues 45,3 Costs 31,214 EBITDA 14,87 EBIT 11,568 Net Income 12, Revenue Breakdown 216 Cost Breakdown 216 1% 7% Listing (admission + ongoing) 41% 47% ICT 58% 31% Other (advert., educat., properties).2% 1 Footnote Financial figures are under LUXGAAP financial accounting protocol

19 FESE EUROPEAN EXCHANGE REPORT 217 Page 19 of 27 MALTA STOCK EXCHANGE Name Malta Stock Exchange PlC Type of Company Public sector (State) entity MSE Plc is now a company 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 59 (end of year) Malta Shares Sec. ETFs UCITs Turnover (EUR m) 78 Trades 1,92 4, Trading figures 216 s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 61 Notional Turnover (EUR m) Trades 23,92 Contracts Traded 128 Financial figures 216 Main financial results 216 EUR ' Revenues 7,281 Costs 3,76 EBITDA 3,522 EBIT 3,522 Net Income 2,349 Revenue Breakdown Cost Breakdown % Listing (admission + ongoing) 7% 48% Membership 9% 67% Clearing / Settlement / CSD 4 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

20 FESE EUROPEAN EXCHANGE REPORT 217 Page 2 of 27 NASDAQ GROUP INC. Name NASDAQ Nordic Ltd Type of Company Jointstock company Consolidated figures Listed Listed on a regulated market managed by itself (The Address NASDASQ 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 381 (average in Europe) Europe in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden Shares Sec. ETFs UCITs Turnover (EUR m) 643,951 62,841 19,381 1,385 8,672 2,434 6,183 3,853 Trades 115,437,776 1,257,76 741,348 89, ,631 3, ,857 1,363,921 1,185, Trading figures 216 6, , s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 6,6 1,545,949 Notional Turnover (EUR m) 762,958 2,231,448 Trades 95,786 Contracts Traded 81,337,1 21,81,89 7,691 Financial figures 216 Main financial results 216 EUR ' Revenues 332, Costs 128, EBITDA 24, EBIT 171, Net Income 13, Revenues Costs excl depriciation and amortization EBITDA Revenue Breakdown 216 Cost Breakdown % 2 % 17 % Listing (admission + ongoing) 28 % 29 % incl derivatives trading ICT 58 % Other (advert., educat., properties) 21 % 23 % Other costs Footnotes Financial figures are under Finnish accounting protocol (quite in line with IFRS) *Costs do not include depreciation and Figures are NASDAQ Ltd consolidated figures

21 FESE EUROPEAN EXCHANGE REPORT 217 Page 21 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 Central Securities Depositories / Companies managing settlement Year established 1819 IT infrastructure and software providers Year of current legal status 21 Country of Incorporation Norway Number of employees 236 (end of year) Norway Trading figures year 216 Shares Sec. ETFs UCITs Turnover (EUR m) 98,41 1, ,88 Trades 22,98,398 39,268 8,31 13, , , s Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 18,71 628,361 Notional Turnover (EUR m) 4,243 Trades 1,57 46,129 Contracts Traded 11,41,667 1,911 Financial figures year 216 Main financial results 216 EUR ' Revenues 96,993 Costs 59,47 EBITDA 46,36 EBIT 37,586 Net Income 29,2 Revenue Breakdown year Cost Breakdown year % 2% 17% Listing (admission + ongoing) 1 1 Trading Settlement 2. 3 Other (advert., educat., properties) 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

22 FESE EUROPEAN EXCHANGE REPORT 217 Page 22 of 27 SIX GROUP SIX SWISS EXCHANGE Name SIX Group Type of Company Jointstock company SIX Swiss Exchange Listed No Address Pfingstweidstrasse Zürich Sectors Cash CH regulated market / Cash EU not regulated (exchange regulated) markets statistics@sixgroup.com markets (securitised derivatives only) Websites Retail bond markets Year established 1993 CCP, Central Securities Depository and Custodian Services Year of current legal status 28 IT infrastructure and software providers (for Country of Incorporation Switzerland SIX Swiss Exchange and SIX Structured Products Exchange AG) Switzerland, Germany Data vending, credit card solutions, electronic payment processing Number of employees 163 (end of the year) Shares Sec. ETFs UCITs Turnover (EUR m) 782,51 6,667 12,855 1,659 4,361 53,95 42,158 5, Trades 44,668,529 2,46 567,35 652,482 14, ,489 23, ,77 1,51 (Swiss Exch.) (shares) / listings 1,331, Trading figures ,47 1,98 33 s Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 17, ,527 Notional Turnover (EUR m) Trades 314,784 86,964 Contracts Traded 1'788 Financial figures 216 Main financial results 216 EUR ' Revenues 172,923 Costs 18,634 EBITDA 64,363 EBIT 63,541 Net Income n/a Revenue Breakdown Revenues Costs (excl. Depreciation) EBITDA Cost Breakdown 216 6% 11% 2% Listing (admission + ongoing) 28% Other (advert., educat., properties) 71% 1% Other costs 63% Footnotes Figures from 212 do not include EUREX business.

23 EUR million FESE EUROPEAN EXCHANGE REPORT 217 Page 23 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 markets Wholesale bond markets Website Retail bond markets Clearing houses / CCP services providers Year established 1991 Commodity exchange / Commodity clearing house Year of current legal status 1991 Country of Incorporation Poland Number of employees 34 (end of the year) Poland Shares Sec. ETFs UCITs Turnover (EUR m) 43,665 4, Trades 18,433,84 8, ,113 12,883 6,141 8 Trading figures , s Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) Notional Turnover (EUR m) 43, Trades 68, Contracts Traded 6,78,494 4, Financial figures 216 Main financial results 216 EUR ' Revenues 71,656 Costs 35,463 EBITDA 42,15 EBIT 36,193 Net Income 3, Revenue Breakdown 216 Cost Breakdown 216 8% Listing (admission + ongoing) 17% 41% 34% Trading 39% 13% 4% Other (advert., educat., properties) 44% 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 TGE (the company operating the commodity exchange) from Certificate of Origin Register and trading of property rights in Certificates of Origin

24 FESE EUROPEAN EXCHANGE REPORT 217 Page 24 of 27 AFFILIATE MEMBERS

25 FESE EUROPEAN EXCHANGE REPORT 217 Page 25 of 27 TEL AVIV STOCK EXCHANGE (TASE) Name TelAviv Stock Exchange Type of Company Mutual company (cooperative principle) Not for profit Address 2 Ahuzat Bayit St. Tel Aviv, Listed On a regulated market managed by itself Phone TASE is currently undergoing a demutualisation process Fax Sectors markets info@tase.co.il Wholesale bond markets Website Retail bond markets Central Securities Depositories / Companies Year established 1953 managing settlement Year of current legal status 1953 Clearing houses / CCP services providers Country of Incorporation Israel Number of employees 234 (end of year) Israel Shares Sec. ETFs UCITs Turnover (EUR m) 46,918 6,284 3,225 1,55 Trades 12,44,273 7,382 2,58,61 2, , Trading figures year , s Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 176,82 28,79 Notional Turnover (EUR m) 1,422,174 Trades 9,365,842 17,1 Contracts Traded 52,11,84 Securities 685 Financial figures year 216 Main financial results 216 EUR ' Revenues 56,995 Costs 55,465 EBITDA 9,789 EBIT 1,53 Net Income Revenue Breakdown year % 17% Listing (admission + ongoing) Cost Breakdown year 216.1% 14.9% 3% Trading ICT 12% Clearing / CCP 19.6% 52.9% 2. Custody & Banking Other costs 48% Other (advert., educat., properties) 12.4% Footnote Financial figures are under IFRS financial accounts standards

26 FESE EUROPEAN EXCHANGE REPORT 217 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 215 (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 for year 216 are taken from the FESE Statistics Database: General information and financial figures for year 216 are provided by FESE members.

27 FESE EUROPEAN EXCHANGE REPORT 217 Page 27 of 27 CONTACT FESE Secretariat Sara Baldi Senior Policy Adviser Tel: baldi@fese.eu