Published in August 2014 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

Transcription

1 EUROPEAN EXCHANGE REPORT Published in August 214 Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)

2 FESE EUROPEAN EXCHANGE REPORT 213 Page 2 of 28 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. Dr. Christian Katz President of the Federation of European Securities Exchanges

3 FESE EUROPEAN EXCHANGE REPORT 213 Page 3 of 28 TABLE OF CONTENTS Contents ATHENS EXCHANGE... 4 BOLSAS Y MERCADOS ESPAÑOLES (BME)... 5 BORSA ISTANBUL... 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 LONDON METAL EXCHANGE LUXEMBOURG STOCK EXCHANGE... 2 MALTA STOCK EXCHANGE NASDAQ OMX Group Inc NYSE EURONEXT OSLO BØRS SIX GROUP SIX SWISS EXCHANGE WARSAW STOCK EXCHANGE NOTES ON METHODOLOGY CONTACT... 28

4 FESE EUROPEAN EXCHANGE REPORT 213 Page 4 of 28 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 XNET network Platform for access to internat. securities trading Greece Number of employees 229 (end of the year) Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 1 Notional Turnover (EUR m) Trades 244 Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA 6.51 EBIT Net Income Revenue Breakdown 213 Cost Breakdown 213 1% 5%,4% 3% Listing (admission + ongoing) 6% 7% 17% 48% Trading Clearing / CCP Settlement 46% ICT Custody & Banking 34% 17% ICT services Other costs 2% 7% 7% Footnotes Financial figures are under IAS financial accounting protocol Net income is calculated before income tax and minority interest. On Revenue breakdown: other revenues include Auxiliary Fund management revenues, OTC revenues, Xnet/DAC project subsidy revenues and Tax rebates. On Cost breakdown: other cost include capital market commission fee.

5 FESE EUROPEAN EXCHANGE REPORT 213 Page 5 of 28 BOLSAS Y MERCADOS ESPAÑOLES (BME) Name Bolsas y Mercados Españoles (BME) Type of Company Jointstock company Address Plaza de la Lealtad 1, 2814 Madrid Listed On BME Spanish Exchanges Phone Sectors Cash EU regulated market Fax Cash EU not regulated (exchange regulated) markets InvestorRelations@grupobme.es markets Website Retail bond markets / Wholesale bond markets Clearing houses / CCP services providers Year established 1831 Central Securities Depositories / Settlement Year of current legal status 26 IT infrastructure and software providers Country of Incorporation Spain Market data distribution / Consulting Services Spain Number of employees 733 (average) Sec. Turnover (EUR m) n/a n/a n/a n/a Trades n/a n/a n/a n/a n/a n/a Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA 28.5 EBIT Net Income Revenue Breakdown 213 5% 2% 6% 11% Listing (admission + ongoing) Cost Breakdown 213 7% Fixed Income 26% 38% Trading & Clearing Settlement 35% 58% ICT services 9% 3% Footnotes Financial figures are under International Accounting Standards On Revenue breakdown, other revenues include corporate unit revenues, capitalization of development costs & consolidation adjustments between segments

6 EUR Millions FESE EUROPEAN EXCHANGE REPORT 213 Page 6 of 28 BORSA ISTANBUL Name Borsa Istanbul Type of Company Joint Stock Company Address Reşitpaşa Mah. Tuncay Artun Cd. Emirgan İSTANBUL Listed Not listed Phone +9 (212) Sectors Cash EU not regulated (exchange regulated) markets Fax +9 (212) Wholesale bond markets international@borsaistanbul.com; index@borsaistanbul.com Retail bond markets Website Clearing houses / CCP services providers Central Securities Depositories Year established 1873 Companies managing settlement Year of current legal status 213 markets Country of Incorporation Turkey Commodity markets Turkey Number of employees 634 (end of the year) Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) 8 48 Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown 213 1% 4% 19% 6% 25% Listing (admission + ongoing) Trading Settlement Custody & Banking 4% 21% 51% 6% ICT services Other costs 35% 4% 24% Footnotes Financial figures for years are under GAAP financial accounting protocol In 213 Borsa İstanbul became a joint stock company and the financials accounting protocol changed to IFRS. Figures mentioned do not include subsidiaries.

7 FESE EUROPEAN EXCHANGE REPORT 213 Page 7 of 28 BÖRSE STUTTGART Name Boerse Stuttgart Holding GmbH Type of Company Corporation (Association) Address Börsenstraße 4, 7174 Stuttgart Listed Phone +49 () Sectors Cash EU regulated markets Fax +49 () Cash EU not regulated (exchange regulated) markets info@boersestuttgart.de Securitized derivatives markets Website Retail bond markets Year established 1861 Year of current legal status 27 Country of Incorporation Germany Number of employees 277 (end of year) Germany, Sweden Sec. Turnover (EUR m) Trades Trading figures n/a Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded n/a Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA 7.58 EBIT Net Income Revenues Costs (ex tax) EBITDA Revenue Breakdown 213 Cost Breakdown 213 3% 1% 6% 2% 3% 1% Listing (admission + ongoing) Clearing / CCP 28% 28% ICT exchange Custody & Banking (financial revs.) 84% ICT services 3% 29% 12% Other costs (incl. interests and other fin. expenses) Footnote Financial figures refer to the consolidated annual statement of the Boerse Stuttgart Holding Financial figures are under German HGB financial acconting standards

8 FESE EUROPEAN EXCHANGE REPORT 213 Page 8 of 28 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 24 (end of year) Slovakia Sec. Turnover (EUR m) Trades Trading figures 213 Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded 168 Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA 956 EBIT 867 Net Income 822 5, 4, 3, 2, 1,, 1, 2, 3, ,2 1,6 1,6 1,5 1,4 1,6 1,8 1,6 2, 1,2 1,,2,4, ,5 Revenue Breakdown 213 Cost Breakdown 213 4% 18% Listing (admission + ongoing) 8%,1% 43% ICT Custody & Banking 47% Other costs 1% 41% 2% Footnote Financial figures are under the following financial accounting protocols: 29213: 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 213 Page 9 of 28 BUCHAREST STOCK EXCHANGE Name Bucharest Stock Exchange Type of Company Jointstock company Address Bd.Carol I, 3436, etaj 14,2922, Bucuresti Listed On Bucharest Stock Exchange Phone (+4) (21) Sectors Cash EU regulated markets Fax (+4) (21) Cash EU not regulated (exchange regulated) markets foreignaffairs@bvb.ro markets Website Clearing houses / CCP services providers Central Securities Depositories / Companies managing Year established 1995 settlement Year of current legal status 25 Corporate Governance Institute Foundation Country of Incorporation Romania Number of employees 4 (end of year) Romania Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) 5 45 Notional Turnover (EUR m) 1 Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT 1.84 Net Income Revenues and Costs Revenue Breakdown 213 Cost Breakdown % 5% Listing (admission + ongoing) 2% 14% 1% 4% 46% 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

10 EUR Million FESE EUROPEAN EXCHANGE REPORT 213 Page 1 of 28 BULGARIAN STOCK EXCHANGE SOFIA Name Bulgarian Stock Exchange Sofia Type of Company Jointstock company Address 6 Tri ushi St., 1 Sofia Listed Regulated market managed by itself Phone +359() Sectors Cash EU regulated markets Fax +359() bse@bsesofia.b Website Year established 1991 Year of current legal status 1991 Country of Incorporation Bulgaria Number of employees 35 (end of year) Bulgaria Sec. Turnover (EUR m) Trades Trading figures n/a 45 Book Trades EOB Options and Futures Options & FuturesCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded 59 Financial figures 213 Main financial results 213 EUR ' Revenues 1.77 Costs EBITDA 68 EBIT 594 Net Income ,5 1,3, ,4 1,1, 1,4 1,6 1,4 1, ,3,5 1,7 1,3,7 Revenue Breakdown 213 Cost Breakdown % 1% 12% 19% Listing (admission + ongoing) 7% 3% 5% ICT ICT services 39% Other costs 56% 1% 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 213 Page 11 of 28 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 52 (end of the year) Hungary Trading figures 213 Sec. Turnover (EUR m) Trades Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 15 Notional Turnover (EUR m) Trades 366 Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown 213 5%.2% 16% Listing (admission + ongoing) Trading 21% 4% Material 33% Index Licence 3% ICT 33% ICT services 7% Other costs 5% 5% 29% 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 213 Page 12 of 28 CEESEG LJUBLJANA STOCK EXCHANGE Name Ljubljana Stock Exchange Type of Company Jointstock company Address Slovenska 56 1 Ljubljana Listed No Phone Sectors Cash EU regulated market Fax Retail bond markets info@ljse.si IT infrastructure and software providers Website Year established 1989 Year of current legal status 1989 Country of Incorporation Slovenia Number of employees 12 (end of year) Slovenia Sec. Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order Reporting Book Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades Trades Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 86 Notional Turnover (EUR m) Trades Contracts Traded 49 Financial figures 213 Main financial results 213 EUR ' Revenues 1.71 Costs 1.75 EBITDA 166 EBIT 48 Net Income 31 Revenue Breakdown ,5 2,2 2,1 2, ,3 2,3 2,1 1,8 1,9 1,7 1,7 29, ,1 Cost Breakdown 213,2 18% 3% 25% Listing (admission + ongoing) 2% 18% 39% ICT 27% 27% ICT services 41% Footnotes Financial figures are under Slovenian Accounting Standards (SAS) protocol

13 FESE EUROPEAN EXCHANGE REPORT 213 Page 13 of 28 CEESEG PRAGUE STOCK EXCHANGE Name Prague Stock Exchange Type of Company Jointstock company Address Rybna Prague 1 Listed No Phone Sectors Cash EU regulated markets Fax Cash EU not regulated (exchange regulated) markets info@pse.cz markets Website Clearing houses / CCP services providers Central Securities Depositories Year established 1993 Companies managing settlement Year of current legal status 1993 Country of Incorporation Czech Republic Number of employees 84 (end of year) Czech Republic Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 74 Notional Turnover (EUR m) Trades Contracts Traded 19 Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown % 2% 13% 19% Listing (admission + ongoing) Settlement Custody & Banking 26% 35% ICT 11% 22% 2%,5% 18% Other costs properties ) includes services for issuers by the Central Securities Depository Prague (part of PSE).

14 FESE EUROPEAN EXCHANGE REPORT 213 Page 14 of 28 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 98 (end of year) Austria Trading figures 213 Sec. Turnover (EUR m) Trades Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) 127 Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown % 1% 4% 3% Listing (admission + ongoing) 21% 34% ICT 31% 41% Trading Clearing / CCP Other costs 2% 1% 38% 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 213 Page 15 of 28 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 79 (end of year) Cyprus Sec. Turnover (EUR m) 31 1,3 2 3,5 Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 9 19 Notional Turnover (EUR m) Trades Contracts Traded 56 Financial figures Main financial results 213 EUR ' Revenues 3.84 Costs 6.49 EBITDA EBIT 3.18 Net Income ,4 5,8,2 5,3 5, ,3 6,3 4,4 5,8 6, , ,3 3,8 Revenue Breakdown 213 Cost Breakdown % Listing (admission + ongoing+central depository)1 6%,3% 5% 6% 49% &clearing and settlement4 ICT services 41% ICT & Other Operating Other costs 21% properties,penalties,interest)2 53% 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

16 FESE EUROPEAN EXCHANGE REPORT 213 Page 16 of 28 DEUTSCHE BÖRSE GROUP Name Deutsche Börse AG Type of Company Jointstock company Address Mergenthalerallee 61, 6576 Eschborn Germany Listed On Deutsche Börse Phone +49 () Sectors Cash EU regulated market Fax +49 () Cash EU not regulated (exchange regulated) markets info@deutscheboerse.com markets Website Retail bond market; Wholesale bond markets Clearing houses / CCP services providers Year established 1585 Central Securities Depositories / Settlement companies Year of current legal status 1992 IT infrastructure and software providers Country of Incorporation Germany Info. Services, ICSD, Repo Market, Services for Markets managed Austria, Bulgaria, Czech Republic, Germany, Hungary, investment fund industry (directly or indirectly) Ireland, Slovenia, Switzerland & USA Number of employees 3,811 (end of year) Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT 954. Net Income Revenue Breakdown 213 Cost Breakdown 213 7% 12% 5% 35% Trading Clearing / CCP 24% 32% Settlement 11% Custody & Banking ICT services 9% Volume related costs 23% 1% 6% 35% Footnote Financial figures are under IFRS financial accounting protocol

17 FESE EUROPEAN EXCHANGE REPORT 213 Page 17 of 28 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 Energy Futures Exchange Fax +44 () info@theice.com Website Year established 198 Year of current legal status 25 Country of Incorporation England & Wales Number of employees 83 (end of year) United Kingdom Sec. Turnover (EUR m) Trades Trading figures 213 Book Trades EOB Options & Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown Cost Breakdown 213 3% 26% Trading* 71% 1% Footnotes Financial figures are under UK GAAP financial accounting protocol Main financial results are based on UK Filed statutory accounts (functional currency changed from GBP to USD on 3 June 26) converted at correspondent exchange rates. On Revenue Breakdown: *Fees levied on clearing members for transacting on the exchange have been included in derivatives trading

18 FESE EUROPEAN EXCHANGE REPORT 213 Page 18 of 28 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 86 (average) Ireland, Malta Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded 21.7 Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenues, Costs and EBIT Revenues Breakdown 213 Cost Breakdown 213 2% 9% Listing (admission + ongoing) 23% 4% ICT Info products & services 53% 7% 64% 2% Footnotes Financial figures are under IFRS financial accounting protocol

19 EUR Millions FESE EUROPEAN EXCHANGE REPORT 213 Page 19 of 28 LONDON METAL EXCHANGE Name London Metal Exchange Type of Company Private Limited Company Address 56 Leadenhall Street, London, EC3A 2DX, UK 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 117 (end of year) United Kingdom Sec. Turnover (EUR m) Trades Trading figures 213 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown % Trading 2% 25% 15% ICT services ICT 71% 2% 35% Other costs Footnotes Financial figures under IFRS financial accounting protocol

20 FESE EUROPEAN EXCHANGE REPORT 213 Page 2 of 28 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 15 (end of year) Luxembourg Trading figures 213 Sec. Turnover (EUR m) Trades (shares) / listings n/a Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 366 Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown % 1% Listing (admission + ongoing) 18% 44% ICT ICT services.2% 71% 21% 17% Footnote Financial figures are under LUXGAAP financial accounting protocol

21 FESE EUROPEAN EXCHANGE REPORT 213 Page 21 of 28 MALTA STOCK EXCHANGE Name Malta Stock Exchange Type of Company Public sector (State) entity MSE Plc is now a company Not for profit Address Garrison Chapel Castille Place Valetta CMR1 Listed No Phone Sectors Cash EU regulated market Fax Cash EU not regulated (exchange regulated) markets borza@borzamalta.com.mt Wholesale bond markets Website Retail bond market Central Securities Depositories / Settlement companies Year established 199 Year of current legal status 27 Country of Incorporation Malta Number of employees 58 (end of year) Malta Sec. Turnover (EUR m) 53 Trades Trading figures 213 Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 724 Notional Turnover (EUR m) Trades Contracts Traded 112 Financial figures 213 Main financial results 213 EUR ' Revenues 5.9 Costs 3.75 EBITDA 2.15 EBIT 2.15 Net Income Revenue Breakdown ,9 2,7 1, ,4 4,5 4,8 2,7 2,6 1,7 2,9 3,1 1,8 1,9 2, Cost Breakdown 213 5,1 26% Listing (admission + ongoing) 8% 49% Membership 6% Clearing / Settlement / CSD 43% 68% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange Financial figures are under IFRS financial accounting standards

22 FESE EUROPEAN EXCHANGE REPORT 213 Page 22 of 28 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 457 (average in Europe) Europe in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades n/a Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues 293. Costs 136. EBITDA 158. EBIT 119. Net Income , Revenues Costs* EBITDA Revenue Breakdown 213 Cost Breakdown % 18 % 21 % Listing (admission + ongoing) 26 % 3 % incl derivatives trading ICT 56 % 22 % 22 % Other costs Footnotes Financial figures are under Finnish accounting protocol (quite in line with IFRS) *Costs do not include depreciation and Figures are NASDAQ OMX Ltd consolidated figures

23 FESE EUROPEAN EXCHANGE REPORT 213 Page 23 of 28 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 3,74 (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) Trades Listed Domestic companies Trading figures 213 Only for European markets Book EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown 213 8% 14% 11% Listing (admission + ongoing) 24% Trading 63% ICT 1% 26% 31% ICT services Other (Activity assessment, regulatory and others) 13% Footnotes 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.

24 FESE EUROPEAN EXCHANGE REPORT 213 Page 24 of 28 OSLO BØRS Name Oslo Børs VPS Holding ASA Type of Company Jointstock company Address PO.Box. 46, Sentrum N15 Oslo Listed Traded OTC regularly Phone Sectors Cash EU regulated market Fax markets Wholesale bond markets Website Clearing houses / CCP services providers Central Securities Depositories / Companies Year established 1819 managing settlement Year of current legal status 21 Country of Incorporation Norway Number of employees 25 (end of year) Norway Sec. Turnover (EUR m) Trades Trading figures year Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures year 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown year Cost Breakdown year % 12% Listing (admission + ongoing) 14% 14% Trading 24% 39% Clearing / CCP 2.5% 5% Settlement 41% 37% 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

25 FESE EUROPEAN EXCHANGE REPORT 213 Page 25 of 28 SIX GROUP SIX SWISS EXCHANGE Name SIX Group Type of Company Jointstock company SIX Swiss Exchange Listed No Address Selnaustrasse Zürich Sectors CH regulated cash markets/ch not regulated (exchange reg.) markets Phone +41() markets (securitized derivativs only) Fax +41() Retail bond markets CCP, Central Securities Depository and Custodian Services Websites IT infrastructure and software providers (for Year established 1993 SIX Swiss Exchange and SIX Structured Products Exchange AG) Year of current legal status 28 Data vending, credit card solutions, electronic payment processing Country of Incorporation Switzerland Number of employees 262 (end of year) Switzerland Sec. Turnover (EUR m) Trades (Swiss Exchang (shares) / listings Trading figures n/a 3 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs EBITDA EBIT Net Income n/a Revenues Costs (excl. Depreciation) EBITDA Revenue Breakdown 213 Cost Breakdown % 16% 16% Listing (admission + ongoing) 55% 41% 56% Other costs Footnotes Financial data for according to Management Accounts (not IFRS and not approved by auditors). Figures are including Eurex business, from 212 without EUREX business. 4%

26 EUR million FESE EUROPEAN EXCHANGE REPORT 213 Page 26 of 28 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 Commodity exchange / Commodity clearing house Year established 1991 Subsidiaries: The Polish Power Exchange (PolPX); Year of current legal status 1991 Spot; WSEInfoEngine; IRK WSE RESEARCH Country of Incorporation Poland Number of employees 347 (end of year) Poland Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & FutureCommodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 213 Main financial results 213 EUR ' Revenues Costs 4.17 EBITDA EBIT Net Income Revenue Breakdown 213 Cost Breakdown 213 8% Listing (admission + ongoing) 15% 29% 38% Trading 44% 12% 7% 47% Footnotes Operating revenues and costs (excluding financial revenues and costs) Figures are under International Financial Reporting Standards (IFRS) protocol Other Revenues: data for 213 include revenues of TGE, the company operating the commodity exchange. Other Revenues: revenues from WSE's subsidiary IRKWSE Research (IR/PR support services to companies listed on WSE and organisation of capital market training), promotion, education, and properties.

27 FESE EUROPEAN EXCHANGE REPORT 213 Page 27 of 28 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 213 taken from FESE Statistics Database: General information and Financial figures 213 provided by FESE members.

28 FESE EUROPEAN EXCHANGE REPORT 213 Page 28 of 28 CONTACT FESE Secretariat Sara Baldi Communications & Policy Advisor Tel: baldi@fese.eu