European Exchange Report 2006

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1 European Exchange Report 26

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3 26 European Exchange Report 26 Foreword by FESE President The following pages represent a valuable source of integrated information about Europe s diverse exchange industry. Each exchange s key figures are summarised on a one page statement allowing for easy and transparent comparison of exchanges business models. FESE has compiled the information based on the data gathered by the FESE Economics and Statistics Committee in cooperation with the financial departments of every member exchange. The report contains the following detailed information: 1. Company information 2. Trading statistics 3. Financial figures (including revenue and cost information) Trading figures follow the FESE Statistics methodology that is published on the FESE website. Methodology notes can be found at the end of the document. If you require any information please contact us at stats@fese.eu. We hope that you will find this information useful. Jukka Ruuska, President Federation of European Securities Exchanges

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5 26 European Exchange Report 26 table of contents Athens Exchange 4 Bolsas y Mercados Españoles (BME) 5 Borsa Italiana 6 Bratislava Stock Exchange 7 Bucharest Stock Exchange 8 Budapest Stock Exchange 9 Bulgarian Stock Exchange - Sofia Cyprus Stock Exchange Deutsche Börse Group 2 ICE Futures Europe The Irish Stock Exchange 4 Ljubljana Stock Exchange 5 London Metal Exchange 6 London Stock Exchange 7 Luxembourg Stock Exchange 8 Malta Stock Exchange 9 NYSE Euronext 2 OMX 21 OMX Iceland Stock Exchange 22 Oslo Børs 23 Prague Stock Exchange 24 swx Group - SWX Swiss Exchange & Virt-X 25 Warsaw Stock Exchange 26 Wiener Börse 27 Notes on methodology 28

6 Athens exchange Address: Athinon Avenue 11, 1442 Athens, Greece Phone: Fax: Website: Year established: 1876 Year of current legal status: 2 Country of incorporation: Greece Active in: Greece Number of employees: 326 (end of year) Type of company: Joint-stock company Listed: On Athens Exchange Sectors: Cash EU regulated markets Derivatives markets Clearing houses / CCP services provider Central Securities Depositories / Settlement companies IT infrastructure and software providers Turnover (EUR m) Trades n/a n/a Market Cap. (EUR m) Listed companies Turnover (EUR m) 5 Trades n/a n/a Listings 96 Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 7% 1% 3% 8% 12% Cash Trading & Clearing Deriv. Trading & Clearing 5% 15% 32% Other operating costs Other costs Others (adv., educ., prop.,...) 6% 69% 42% Footnotes On Revenue, Costs and EBITDA chart: FY is 2 months data under Greek GAP data under IAS 4 European Exchange Report 26

7 bolsas y Mercados Españoles (BME) Address: Plaza de la Lealtad 1, 2814 Madrid Phone: Fax: internacional@bolsasymercados.es Website: Year established: 1831 Year of current legal status: 22 Country of incorporation: Spain Active in: Spain Number of employees: 723 (average) Type of company: Joint-stock company Listed: On BME Spanish Exchanges Sectors: Cash EU regulated markets Derivatives markets Wholesale bond markets Clearing houses / CCP services provider Central Securities Depositories / Settlement IT infrastructure and software providers Market data / Consulting Services Turnover (EUR m) n/a n/a Trades n/a n/a Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 9% 4% 9% Cash Trading - Equity 41% 7% 52% Other operating costs 22% Cash Trading - Fixed income Deriv. Trading & Clearing Settlement (+ clearing) 8% 2% 46% services Footnotes On Revenue, Costs and EBITDA chart: - 23 figures under Spanish GAAP under IAS 5

8 borsa italiana Address: Piazza degli Affari 6, 2123 Milano Phone: Fax: info@borsaitaliana.it Website: Year established: 188 Year of current legal status: 1997 Country of incorporation: Italy Active in: Italy Number of employees: 472 (end of year) Type of company: Joint-stock company Listed: No (1% controlled by the listed LSE Group) Sectors: Cash EU regulated markets and Exchange Regulated cash market Derivatives markets Clearing houses / CCP services provider Central Securities Depositories / Settlement companies IT infrastructure and software providers and Services for issuers Conference Center, Education Wholesale Cash bond markets Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 544 Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 14% 14% 2% 1% 11% 29% Cash Trading Derivatives Trading Clearing CCP 26% 4% 3% 32% Other operating costs Settlement Other costs Custody & Banking 9% 13% 7% 35% Others (adv., educ., prop.,...) Footnotes Borsa Italiana & LSE merged in October 27. On Revenue, Costs and EBITDA chart: - EBITDA figures pre goodwill - Consolidation are changed in 23 (aquisition of Monte Titoli, the Italian CSD), 25 (MTS partially consolidated since December) - IFRS apllied from 24 6 European Exchange Report 26

9 bratislava stock exchange Address: P.O. Box 151 Vysoká Bratislava 1 Phone: Fax: info@bsse.sk Website: Year established: 1991 Year of current legal status: 1991 Country of incorporation: Slovakia Active in: Slovakia Number of employees: 33 (end of year) Type of company: Listed: Sectors: Joint-stock company No Cash EU regulated markets Clearing houses Central Securities Depositories / Settlement companies Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 12 National Turnover (EUR m) Contracts Traded Revenues , Costs ,5 EBITDA 323 1, EBIT 175,5 Net income 155, 2, Revenue Breakdown 26 Cost Breakdown 26 18% 23% Cash Trading 14% 3% 6% 14% Custody & Banking 18% Other operating costs Others (adv., educ., prop.,...) Other costs 45% 5% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange. 7

10 bucharest stock exchange Address: Bd. Carol I 34-36, etaj 14, sc 2, 2922 Bucharesti Phone: Fax: bvd@bvd.ro Website: Year established: 1995 Year of current legal status: 25 Country of incorporation: Romania Active in: Romania Number of employees: 72 (end of year) Type of company: Listed: Sectors: Joint-stock company No Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Derivatives markets Clearing houses Central Securities Depositories / Settlement companies Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) 42 Trades 142 Listings 18 National Turnover (EUR m) Contracts Traded Revenues Costs EBITDA - 4 EBIT - 2 Net income Revenues Costs Revenue Breakdown 26 Cost Breakdown 26 12% 1%,3% 1% 6% 1% Cash Trading Registry 32% 43% Custody & Settl./Clearing Other costs (financial) Others (fin. & memb. fees) 79% 25% 8 European Exchange Report 26

11 budapest stock exchange Address: H Budapest, Deák Ferenc u. 5 Phone: Fax: info@bse.hu Website: Year established: 199 Year of current legal status: 22 Country of incorporation: Hungary Active in: Hungary Number of employees: 69 (end of year) Type of company: Joint-stock company Listed: Traded OTC regularly Sectors: Cash EU regulated markets Derivatives markets Wholesale bond markets IT infrastructure and software providers Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 12 National Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 2% 8% 16% 12% Cash Trading Derivatives Trading 47% 45% 2% 11% Index license Other costs Others (adv., educ., prop.,...) 49% 5% 3% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange. 9

12 bulgarian stock exchange - Sofia Address: Tri ushi St. 1, 133 Sofia Phone: +359 () Fax: +359 () bse@bse-sofia.bg Website: Year established: 1991 Year of current legal status: 1991 Country of incorporation: Bulgaria Active in: Bulgaria Number of employees: 36 (end of year) Type of company: Listed: Sectors: Joint-stock company Traded OTC regularly Cash EU regulated markets Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 73 National Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 3% 4% 7% 6% 9% Cash Trading 68% 14% Other operating costs 3% Other costs 86% 1 European Exchange Report 26

13 cyprus stock exchange Address: Kampou St, IMC Strovolos 25427, Nicosia 139 Phone: Fax: Website: Year established: 1993 Year of current legal status: 1996 Country of incorporation: Cyprus Active in: Cyprus Number of employees: 85 (end of year) Type of company: Listed: Sectors: Public sector (State) entity Not for profit No Regulated market Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) 5. Trades 423 Listings 64 National Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 3% 2% 1% 24% Listing (admis. + ongoing + central depository) Cash Trading & Clearing & Settlement (+admn. fee) 2% 4% 2% ICT & Other operating costs Other costs Others (adv., educat., prop., penalties, interest) 74% 61% Footnotes Financial figures refer to the exchange and not to the parent company owning the exchange. On Revenue, Costs and EBITDA chart: - Revenue figures include interest income 11

14 deutsche Börse Group Address: Neue Börsenstr. 1, 6487 Frankfurt/Main Phone: +49 () Fax: +49 () info@deutsche-boerse.com Website: Year established: 1585 Year of current legal status: 1991 Country of incorporation: Germany Active in: Germany, Austria, Finland, Ireland, Switzerland and USA Number of employees: (end of year) Type of company: Joint-stock company Listed: On Deutsche Börse Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Derivatives markets Wholesale bond markets Clearing houses / CCP services provider Central Securities Depositories / Settlement companies IT infrastructure and software providers Info. Services, ICSD, Repo Market Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 7% 4% 12% 1% 1% 29% Cash Trading Deriv. Trading & Clearing Clearing CCP 12% 13% 38% Other operating costs (+ ITC) Other costs Settlement Custody & Banking 26% 7% 4% 37% Others (adv., educ., prop.) Footnote Derivatives are traded at Eurex, jointly operated by Deutsche Borse AG and SWX Swiss Exchange. 12 European Exchange Report 26

15 ICE Futures Europe Address: International House, St Katharine s Way 1, London, E1W 1UY Phone: +44 () Fax: +44 () info@theice.com Website: Year established: 198 Year of current legal status: 25 Country of incorporation: England & Wales Active in: United Kingdom Number of employees: 58 (end of year) Type of company: Listed: Listed on a regulated market managed by other entities (Intercontinental Exchange Inc. on NYSE) Sectors: Futures & Options Energy Exchange Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) - - Trades - - Listings - Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26,3% Derivatives Trading 2% 2% Other operating costs 99,97% 78% Footnotes On Revenue Breakdown 26: - Fees levied on clearing members for transacting on the exchange have been included in derivatives trading. On Trading Figures 26, source: WFE 13

16 The irish stock exchange Address: Anglesea Street 28, Dublin 2 Phone: +353 (1) Fax: +353 (1) info@ise.ie Website: Year established: 1793 Year of current legal status: 1995 Country of incorporation: Ireland Active in: Ireland Number of employees: 82 (end of year) Type of company: Mutual company (co-operative principle) Listed: No Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Listing of Equity, Debt and Investment Funds Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings Notional Turnover (EUR m) Contracts Traded Revenues, Costs and Ebit Revenues Costs EBITDA - 15 EBIT Net income Revenues Costs Ebit Revenue Breakdown 26 Cost Breakdown 26 5% 3% 13% Cash Trading 25% Other operating costs 9% Others (adv., educ., prop.) 73% 2% 52% Footnotes On Revenue, Costs and EBIT chart: figures under Irish GAAP figures under IFRS 14 European Exchange Report 26

17 Ljubljana stock exchange Address: Slovenska 56, 1 Ljubljana Phone: Fax: info@ljse.si Website: Year established: 1989 Year of current legal status: 1989 Country of incorporation: Slovenia Active in: Slovenia Number of employees: 29 (end of year) Type of company: Joint-stock company Listed: Traded OTC Sectors: Cash EU regulated markets Wholesale bond markets IT infrastructure and software providers Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 93 Notional Turnover (EUR m) Contracts Traded Revenues 3 35 Costs 2 79 EBITDA 691 EBIT 515 Net income Revenue Breakdown 26 Cost Breakdown 26 19% 3% 14% Cash Trading 2% 6% ICT (+ material & serv. costs) Other operating costs 9% Others (adv., educ., prop.) 31% 61% 55% 15

18 london metal exchange Address: Leadenhall St. 56, London, EC3A 2DX, UK Phone: +44 () Fax: +44 () Website: Year established: 1877 Year of current legal status: 1987 Country of incorporation: England Active in: United Kingdom Number of employees: 69 (end of year) Type of company: Mutual company (co-operative principle) Not for profit Listed: No Sectors: Derivatives markets Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) - - Trades - - Listings - Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 25% 41% Derivatives Trading 33% 34% Others (adv., educ., prop.) Other costs 6% 34% 27% 16 European Exchange Report 26

19 london stock exchange Address: Paternoster Square 1, London, EC4M 7LS Phone: +44 () Fax: - info@londonstockexchange.com Website: Year established: 181 Year of current legal status: 21 Country of incorporation: United Kingdom Active in: United Kingdom Number of employees: 444 (end of year) Type of company: Joint-stock company Listed: On London Stock Exchange Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Derivatives markets Wholesale bond markets Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) n/a Trades n/a Listings Notional Turnover (EUR m) Contracts Traded /7 /7 Revenues Costs EBITDA - EBIT Net income / Revenues, Costs and Ebit 22/3-26/ /4 24/5 25/6 Revenues Costs Ebit /7 Revenue Breakdown 26/7 Cost Breakdown 26/7 3% 2% 18% Cash Trading 14% 6% 32% Other operating costs (+ ICT) Derivatives Trading Other costs Others (adv., educ., prop.) 3% 47% 48% Footnotes Fiscal year ends on the last day of March LSE & Borsa Italiana merged in October 27 17

20 luxembourg stock exchange Address: av. de la Porte-Neuve 11, L-2227 Luxembourg Phone: Fax: info@bourse.lu Website: Year established: 1927 Year of current legal status: 1928 Country of incorporation: Luxembourg Active in: Luxembourg Number of employees: 132 (end of year) Type of company: Joint-stock company Listed: No Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Wholesale bond markets IT infrastructure and software providers Turnover (EUR m) Trades Market Cap. (EUR m) n/a Listed companies Turnover (EUR m) Trades Listings Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 7% 4% Cash Trading,6% 22% 35% Others (adv., educ., prop.) Other operating costs Other costs 13% 89% 29% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange. 18 European Exchange Report 26

21 malta stock exchange Address: Garrison Chapel Castille Place Valetta CMR1 Phone: Fax: Website: Year established: 199 Year of current legal status: 27 Country of incorporation: Malta Active in: Malta Number of employees: 42 (end of year) Type of company: Public sector (State) entity Not for profit Listed: No Sectors: Cash EU regulated markets Wholesale bond markets Central Securities Depositories / Settlement companies Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 62 Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT 1 62 Net income Revenue Breakdown 26 Cost Breakdown 26 1% 32% Membersh. (cash trad. incl.) Other operating costs Clearing / Settlement / CSD 49% 8% 6% 41% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange. 19

22 NYSE Euronext Address: rue Cambon 39, F-7539 Paris cedex 1 Phone: +33 () Fax: +33 () info@euronext.com Website: Year of current legal status: 2 Country of incorporation: The Netherlands Active in: Belgium, France, Netherlands, Portugal and United Kingdom Number of employees: Type of company: Joint-stock company Listed: On NYSE Euronext Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Derivatives markets IT infrastructure and software providers Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies 1 27 n/a 16 n/a Turnover (EUR m) Trades Listings Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA 49 8 EBIT - Net income Revenues, Costs and EBITDA Revenues Costs EBITDA Revenue Breakdown 26 Cost Breakdown 26 17% 5% 5% 26% Cash Trading 32% 39% ICT Derivatives Trading Settlement Other costs 1% 1% ICT services Others (adv., educ., prop.) 5% 36% 24% Footnotes Euronext & NYSE have merged in April 27. Notes Figures mentioned include subsidiaries. Electronic Order Books Trades contains all transfers of ownership by way of trades automatically executed through the Exchanges electronic order book. Negotiated includes 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. 2 European Exchange Report 26

23 OMX Address: Tullvaktsvägen 15, Stockholm Phone: Fax: info@omxgroup.com Website: Year established: 1984 Year of current legal status: 27 Country of incorporation: Sweden Active in: Sweden, Finland, Denmark, Estonia, Latvia, Lithuania, Iceland (from December 26) Number of employees: 1 42 (end of year) Type of company: Joint-stock company Listed: On OMX Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Derivatives markets Clearing houses / CCP services provider Central Securities Depositories / Settlement companies IT infrastructure and software providers Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades n/a Listings Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 9% 1% Cash Trading (+ deriv. trad.) 9% 11% 47% ICT 33% ICT services incl. license and project revenues Other operating costs Others (adv., educ., prop.,...) Other costs 36% 23% 12% 1% Footnote OMX Nordic Exchange merged with OMX Iceland Stock Exchange in December

24 OMX iceland stock exchange Address: Laugavegur 182, IS-15 Reykjavik Phone: Fax: Website: Year established: 1985 Year of current legal status: 1999 Country of incorporation: Iceland Active in: Iceland Number of employees: 2 (end of year) Type of company: Joint-stock company Listed: No Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 35 Notional Turnover (EUR m) Contracts Traded Revenues 7 25 Costs EBITDA EBIT 1 44 Net income Revenue Breakdown 26 Cost Breakdown 26 4% 8% 3% 22% Cash Trading 41%,4% 35% ICT Other operating costs ICT Services Others (adv., educ., prop.) 63% 24% Footnotes OMX Iceland Stock Exchange merged with OMX Nordic Exchange in December 26. Hence, December 26 trading figures are not included above since they are included in OMX Nordic Exchange. 22 European Exchange Report 26

25 oslo BØrs Address: P.O. Box 46, Sentrum N-15 Oslo Phone: Fax: Website: Year established: 1819 Year of current legal status: 21 Country of incorporation: Norway Active in: Norway Number of employees: 122 (end of year) Type of company: Joint-stock company Listed: Traded OTC regularly Sectors: Cash EU regulated market Derivatives markets Wholesale bond markets Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 744 Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 27% 4% 24% Cash Trading Derivatives Trading 2% 8% Other operating costs Others (adv., educ., prop.,...) 4% 51% 41% 21% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange. 23

26 Prague stock exchange Address: Rybna 14, 11 5 Prague 1 Phone: Fax: info@pse.cz Website: Year established: 1992 Year of current legal status: 1992 Country of incorporation: Czech Republic Active in: Czech Republic Number of employees: 69 (end of year) Type of company: Joint-stock company Listed: No Sectors: Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings 11 Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 11% 6% 3% Cash Trading (+ deriv. trad.) 39% ICT Settlement 51% Other operating costs Others (adv., educ., prop.,...) Other costs 22% 58% 5% 1% 4% 24 European Exchange Report 26

27 swx Group SWX Swiss Exchange & virt-x SWX Swiss Exchange Address: Selnaustrasse 3, 821 Zürich Phone: +41 () Fax: +41 () Website: virt-x Address: 34 th Floor, One Canada Square London E14 5AA Phone: +44 () Fax: +44 () Website: Year established: 1993 Year of current legal status: 22 Country of incorporation: Switzerland Active in: Switzerland, UK & Germany Number of employees: 424 (end of year) Type of company: Joint-stock company Listed: No Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Wholesale bond markets IT infrastructure and software providers (only for virt-x and SWX Swiss Exchange, not for third parties) Data vending Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings Notional Turnover (EUR m) Contracts Traded Revenues, Costs and Ebit Revenues Costs EBITDA EBIT Net income Revenues Costs Ebit Revenue Breakdown 26 Cost Breakdown 26 11% 6% 36% Cash Trading (deriv. trad.) 8% 5% Other costs (+ ICT) Others (adv., educ., prop.,...) 75% 14% Footnotes data under Swiss GAAP FER data under IFRS 25

28 Warsaw stock exchange Address: Ksiazeca, 4, -498 Warsaw Phone: Fax: Website: Year established: 1991 Year of current legal status: 1991 Country of incorporation: Poland Active in: Poland Number of employees: 187 (end of year) Type of company: Joint-stock company Not for profit Listed: No Sectors: Cash EU regulated markets Derivatives markets Central Depository for Securities Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) 75 6 Trades Listings 65 Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 13% 9% 3%,1% 8% Cash Trading Derivatives Trading 36% 14% 39% Other operating costs Others (adv., educ., prop.,...) 67% 11% Footnote Operating revenues and costs (excluding financial revenues and costs) 26 European Exchange Report 26

29 Wiener Börse Address: Wallnerstraße 8, P.O. Box 192, A-114 Vienna Phone: Fax: info@wienerborse.at Website: Year established: 1771 Year of current legal status: 1997 Country of incorporation: Austria Active in: Austria Number of employees: 93 (end of year) Type of company: Joint-stock company Listed: OTC traded regularly Sectors: Cash EU regulated markets Cash EU not regulated (exchange regulated) markets Derivatives markets Clearing houses / CCP services provider Turnover (EUR m) Trades Market Cap. (EUR m) Listed companies Turnover (EUR m) Trades Listings Notional Turnover (EUR m) Contracts Traded Revenues Costs EBITDA EBIT Net income Revenue Breakdown 26 Cost Breakdown 26 4% 11% 6% Listing (admis. + ongoing 8% + clearing/ccp) 3% 27% Cash Trading Derivatives trading (+ clearing/ccp) 27% Other operating costs Others (adv., educ., prop.,...) 71% 43% Footnote Financial figures refer to the exchange and not to the parent company owning the exchange. 27

30 Notes on Methodology Trading figures Trading statistics follow FESE Statistics Methodology: Electronic Order contain all transfers of ownership by way of trades automatically executed through the Exchanges electronic order book. Negotiated 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. 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. See FESE Statistics Methodology for complete technical definition ( All trading figures (value and number of transactions) are single counted in order to ensure data comparability. General information and financial figures: Financial figures are consolidated for the parent company owning the exchange unless otherwise indicated. Figures mentioned include subsidiaries. EBIT - Earnings Before Interest and Taxes. EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization. ICT Information and Communication Technologies Information sources Trading figures 26 taken from FESE Statistics Database: General information and Financial figures 26 provided by FESE member exchanges. Contact Tel: Fax: stats@fese.eu 28 European Exchange Report 26

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