EUROPEAN EXCHANGE REPORT

Transcription

1 EUROPEAN EXCHANGE REPORT Published in July 218 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 the only direct source of integrated information on Europe s exchange industry. The Report, compiled by the Federation of European Securities Exchanges (FESE), includes a onepage statement on each member exchange operating regulated market(s) in Europe and outlines: 1. Company information Contacts information, company details, services, employees, etc. 2. Trading figures 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 of services offered allowing for easy and transparent comparison of key financial data. In line with previous years, this information was compiled on the basis of information gathered by the FESE s Economics and Statistics Committee in cooperation with the finance and data teams of every member. The FESE Secretariat would like to thank all those that contributed to this study and especially the members of the FESE s Economics and Statistics Committee. We hope that you will find this information useful. Deirdre Somers President of the Federation of European Securities Exchanges

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 BUCHAREST STOCK EXCHANGE... 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 221 (end of year) Sec. UCITS 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 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 Cost Breakdown 217 1% 24% 11% 14% Listing (admission + ongoing) Trading Clearing / CCP Settlement 14% 9% 42% ICT 12%,6% 5% 3% 2% Custody & Banking ICT services Other (advert., educat., properties) 29% 6% Other costs Footnotes Financial figures are under IAS financial accounting protocol Net income is calculated before income tax and minority interest. On Revenue breakdown: other revenues include Auxiliary Fund management revenues, OTC revenues, Xnet/DAC project subsidy revenues and Tax rebates. On Cost breakdown: other cost include capital market commission fee.

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 775 (average) 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 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income % 2% Revenue Breakdown 217 8% Listing (admission + ongoing) Cost Breakdown 217 7% 12% Fixed Income 15% 37% Trading & Clearing Clearing / CCP Settlement Custody & Banking 35% 58% 5% ICT services 8% 3% 3% Footnotes Other (advert., educat., properties) 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 29 (end of year) Germany, Sweden Trading figures 217 Sec. Turnover (EUR m) Trades Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenues Costs (ex tax) EBITDA Revenue Breakdown 217 Cost Breakdown 217 3% 1% 2% 6% 3% 1% Listing (admission + ongoing) 24% 3% ICT exchange Clearing / CCP Custody & Banking (financial revs.) 7% 84% ICT services Other (advert., educat., properties) 26% 13% 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 FESE EUROPEAN EXCHANGE REPORT 217 Page 8 of 27 BUCHAREST STOCK EXCHANGE Name Bucharest Stock Exchange Type of Company Jointstock company Address Bd.Carol I, 3436, etaj 14,2922, Bucuresti Listed On Bucharest Stock Exchange Phone (+4) (21) Sectors Cash EU regulated markets Fax (+4) (21) Cash EU not regulated (exchange regulated) markets foreignaffairs@bvb.ro markets; wholesale and retail bond 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 11 (end of year) Romania Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 62 Notional Turnover (EUR m) Trades 78 Contracts Traded 75 Financial figures 217 Main financial results 217 EUR ' Revenues 9.59 Costs EBITDA EBIT Net Income Revenues and Costs Revenue Breakdown 217 Cost Breakdown % 5% Listing (admission + ongoing) 6% 2% Registry 3% Custody & settlement/clearing** 57% ICT (Materials & Services) 22% 43% ICT services Other (financial&members' fees) 32% 9% 5% Footnote Financial figures are under IFRS, for the parent company s group Figures mentioned do 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 59 (end of the year) Hungary Trading figures 217 Sec. Turnover (EUR m) Trades Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 2 Notional Turnover (EUR m) Trades 139 Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA 1.57 EBIT Net Income Revenue Breakdown 217 Listing (admission + ongoing) Cost Breakdown 217 2% 1% 16% Trading XETRA and Licence 3% 5% 11% 49% Material ICT 31% ICT services Other costs 36% Other (advert., educat., properties) 32% 1% 4% 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 Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 234 Notional Turnover (EUR m) Trades Contracts Traded 117 Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenues Breakdown 217 Costs Breakdown % 3% 6% 2% Listing (admission + ongoing) 24% ICT 9% 33% Settlement Custody & Banking Other (advert., educat., properties) 11% 1% 14% 5% 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 97 (end of year) Austria Trading figures 217 Sec. Turnover (EUR m) Trades Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) 113 Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 Cost Breakdown 217 1% 3% 9% 4% % Listing (admission + ongoing) 19% 43% ICT Clearing / CCP* 3% 48% Other (advert., educat., properties) Other costs % 34% 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 69 (end of year) Cyprus Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) 4 3 Notional Turnover (EUR m) Trades Contracts Traded 26 Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA 33 EBIT 258 Net Income , ,,8, ,7 Revenue Breakdown 217 Cost Breakdown 217 3% 5% 18% 5% Listing (admission + ongoing+central depository) &clearing and settlement 29,6% 4,6%,3% ICT & Other Operating ICT services 24% Other (advert., educat., properties,penalties,intere st) 65,5% 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 5,64 (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) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown % 1% 5% Listing (admission + ongoing) Trading Cost Breakdown % 13% 3% Clearing / CCP Settlement Custody & Banking 1% 4% 26% 6% 2% Info products & services Other (advert., educat., properties) 28% Volume related costs 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 Central Securities Depositories / Companies managing Website settlement IT infrastructure and software providers Year of Incorporation 214 Spot FX trading market United States Country of Incorporation The Netherlands Number of employees 671 (end of year) Belgium, France, Netherlands, Portugal, United Kingdom, United States Sec. Book Trades EOB Trades EOB Book EOB Book EOB Turnover (EUR m) Trades Listed Domestic companies Trading figures Book EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 Cost Breakdown 217 4% 2% 6% % 16% Listing (admission + ongoing) Trading Clearing / CCP Settlement and Custody 15% 12% ICT 1% 36% Spot FX Trading ICT services 1% 7% Other (Activity assessment, regulatory and others) 73% 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 Fax +44 () Interest rates info@theice.com Ags and softs Website Emmissions derivatives Year established 198 Year of current legal status 25 Country of Incorporation England & Wales Number of employees 178 (end of the year) United Kingdom Sec. Turnover (EUR m) Trades Trading figures 217 Book Trades EOB Options & Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 7% Cost Breakdown 217 2% Trading 27% 53% Info products & services 4% Other (advert., educat., properties) 71% 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 133 (end of year) 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 Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA 4.22 EBIT 4.37 Net Income Revenue Breakdown 217 Cost Breakdown % 9% Listing (admission + ongoing) 14% 1% ICT 4) 9% 11% Other (advert., educat., properties) 74% 71% 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 for profit company Address 1 Finsbury Square, London EC2A 1AJ, UK Phone +44 () Listed Parent Company Listed on Hong Kong Stock Exchange Fax Sectors markets Website Year established 1877 Year of current legal status 1987 Country of Incorporation England Number of employees 24 (end of year) United Kingdom Sec. Turnover (EUR m) Trades Trading figures 217 Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 Cost Breakdown % Trading 15% 13% ICT services 48% ICT Other (advert., educat., properties) 2% Other costs 76% 17% 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 154 (end of year) Luxembourg Trading figures 217 Sec. Turnover (EUR m) 78 1 Trades (shares) / listings Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 119 Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 Cost Breakdown 217 1% Listing (admission + ongoing) 1% 43% 48% ICT 56% Other (advert., educat., properties) 29%.2% 13% 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 VLT 163 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 55 (end of year) Malta Sec. Turnover (EUR m) 88 Trades Trading figures 217 Book Trades EOB Options and Futures Options & Future Commodities Turnover (EUR m) 48 Notional Turnover (EUR m) Trades Contracts Traded 123 Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 3% Cost Breakdown 217 5% 29% Listing (admission + ongoing) 51% 5% 63% Membership Clearing / Settlement / CSD Other (advert., educat., properties) 44% 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 411 (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 Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues 332. Costs 129. EBITDA 23. EBIT 173. Net Income , Revenues Costs excl depriciation and amortization EBITDA Revenue Breakdown 217 Cost Breakdown % 2 % 18 % Listing (admission + ongoing) 28 % 3 % incl derivatives trading ICT 56 % Other (advert., educat., properties) 19 % 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 225 (end of year) Norway Trading figures year 217 Sec. Turnover (EUR m) Trades Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures year 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown year 217 Cost Breakdown year % 3% 21% Listing (admission + ongoing) 6% 1% Trading Settlement 56% 2.5% 38% 48% 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 Hardturmstrasse 21, 85 Zurich Sectors Cash CH regulated market / Cash EU regulated markets / Cash non EU 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 SIX Swiss Exchange) Country of Incorporation Switzerland Data vending, credit card solutions, electronic payment processing CH, UK, IE, DE, F, NL and SE Number of employees 171 (end of the year and SIX Swiss Exchange only) Sec. Turnover (EUR m) Trades (Swiss Exch.) (shares) / listings Trading figures Book Trades EOB Options and Futures Options & Futures Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA 6.37 EBIT Net Income n/a Revenue Breakdown Revenues Costs (excl. Depreciation) EBITDA Cost Breakdown 217 5% 1% 22% Listing (admission + ongoing) 28% Other (advert., educat., properties) 71% 1% Other costs 63%

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 328 (end of the year) Poland Sec. Turnover (EUR m) Trades Trading figures Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Financial figures 217 Main financial results 217 EUR ' Revenues Costs EBITDA EBIT Net Income Revenue Breakdown 217 Cost Breakdown 217 7% Listing (admission + ongoing) 16% 41% 37% Trading 37% 12% 3% Other (advert., educat., properties) 47% 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 Profit company Address 2 Ahuzat Bayit St. Tel Aviv, Listed On a regulated market managed by itself Phone TASE has completed the demutualisation process Fax Sectors Cash Markets, 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 Nominee company Israel Number of employees 249 (end of year) Sec. Turnover (EUR m) Trades Trading figures year companies, 695 series Book Trades EOB Options and Futures Options & Futur Commodities Turnover (EUR m) Notional Turnover (EUR m) Trades Contracts Traded Securities 695 Financial figures year 217 Main financial results 217 EUR ' Revenues Costs EBITDA 4.6 EBIT 2.76 Net Income Revenue Breakdown year 217 1% 16% 17% Listing (admission + ongoing) Cost Breakdown year % 3% Trading 17% ICT 12% 2% Clearing / CCP Custody & Banking 1% 61% 48% Other (advert., educat., properties) 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 217 are taken from the FESE Statistics Database: General information and financial figures for year 217 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