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EUROPEAN EXCHANGE REPORT 2010
Published in September 2011
Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 2 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
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, which have a distinct market structure that offers transparent price discovery, the ability to trade at or near to those prices and liquidity for assets admitted to trading on their markets. 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 http://fese.eu/en/?inc=art&id=51 3. Financial figures – Detailed information on earnings, revenues and costs including analysis breakdown of the service offered. As in previous years, this information was compiled on the basis of data gathered by the FESE’s Economics and Statistics Committee in cooperation with the financial departments of every member. The FESE Secretariat would like to thank all those that contributed to this study and especially the members of the FESE’s Economics and Statistics Committee. We hope that you will find this information useful.
Hans‐Ole Jochumsen President of the Federation of European Securities Exchanges
FESE EUROPEAN EXCHANGE REPORT 2010 Page 3 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
TABLE OF CONTENTS
Contents ATHENS EXCHANGE .................................................................................................................................. 4 BOLSAS Y MERCADOS ESPAÑOLES (BME) ............................................................................................ 5 BÖRSE BERLIN AG ..................................................................................................................................... 6 BÖRSE STUTTGART ................................................................................................................................... 7 BRATISLAVA STOCK EXCHANGE ............................................................................................................. 8 BUCHAREST STOCK EXCHANGE ............................................................................................................. 9 BUDAPEST STOCK EXCHANGE .............................................................................................................. 10 BULGARIAN STOCK EXCHANGE – SOFIA .............................................................................................. 11 CYPRUS STOCK EXCHANGE .................................................................................................................. 12 DEUTSCHE BÖRSE GROUP .................................................................................................................... 13 ICE FUTURES EUROPE............................................................................................................................ 14 THE IRISH STOCK EXCHANGE ............................................................................................................... 15 ISTANBUL STOCK EXCHANGE ............................................................................................................... 16 LJUBLJANA STOCK EXCHANGE ............................................................................................................. 17 LONDON METAL EXCHANGE .................................................................................................................. 18 LUXEMBOURG STOCK EXCHANGE ....................................................................................................... 19 MALTA STOCK EXCHANGE ..................................................................................................................... 20 NASDAQ OMX Group Inc. ......................................................................................................................... 21 NYSE EURONEXT ..................................................................................................................................... 22 OSLO BØRS ............................................................................................................................................... 23 PRAGUE STOCK EXCHANGE .................................................................................................................. 24 SIX GROUP ................................................................................................................................................ 25 SIX SWISS EXCHANGE ............................................................................................................................ 25 WARSAW STOCK EXCHANGE ................................................................................................................ 26 WIENER BÖRSE ........................................................................................................................................ 27 NOTES ON METHODOLOGY ................................................................................................................... 28 CONTACT ................................................................................................................................................ 29
FESE EUROPEAN EXCHANGE REPORT 2010 Page 4 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
ATHENS EXCHANGE
Name Athens Exchange Type of Company Joint-stock companyFor profit
Address 110 Athens Ave, Athens 104 42 Listed On Athens Exchange (Hellenic Exchanges S.A)Phone +30 210 3366 800 Sectors Cash EU regulated marketsFax +30 210 3366 101 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.athex.gr Retail bond markets
Clearing houses / CCP services providersYear established 1876 Central Securities Depositories / Settlement companiesYear of current legal status 2000 IT infrastructure and software providersCountry of Incorporation GreeceActive in Greece Number of employees 265 (end of the year)
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 32,564 2,190 0 - - 53 1 39 2Trades 7,876,553 2,625 88 - - 2,537 3 23,874 7Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 16 0 Notional Turnover (EUR m) - -Trades 1,455 0 Contracts Traded - -Listings
Revenues 62,135Costs 27,478EBITDA 37,105EBIT 34,657Net Income 39,104
FootnotesFinancial figures are under IAS financial accounting protocolOn 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
NotesFigures mentioned include subsidiaries.
Financial figures 2010
Sec. Derivatives UCITsETFs
Bonds
EUR '000Main financial results 2010
101
-3
Trading figures 2010Equity
50,379280
Shares
--
8,382,50418,291
5117
Options and FuturesStock/Index
Derivatives
118
161
115
8062
37 45 35 30 27
84
119
83
5337
020406080
100120140160180
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
46%
6%
29%
9%
10%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisation
Other costs
21%
37%3%
14%
10%
1%7%
4% 3%
Revenue Breakdown 2010
Listing (admission + ongoing)Cash Trading
Derivatives Trading
Clearing / CCP
Settlement
Custody & Banking
Info products & services
ICT services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 5 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
BOLSAS Y MERCADOS ESPAÑOLES (BME)
Name Bolsas y Mercados Españoles (BME) Type of Company Joint-stock companyFor profit
Address Plaza de la Lealtad 1, 28014 Madrid Listed On BME Spanish ExchangesPhone +34 91 709 50 00 Sectors Cash EU regulated marketFax +34 91 709 57 09 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.bolsasymercados.es Retail bond markets / Wholesale bond markets
Clearing houses / CCP services providersYear established 1831 Central Securities Depositories / SettlementYear of current legal status 2006 IT infrastructure and software providersCountry of Incorporation Spain Market data / Consulting ServicesActive in Spain Number of employees 711 (average)
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 1,031,319 219,108 - 1,603 n/a 5,968 n/a n/a n/aTrades 40,402,055 198,476 - n/a n/a n/a n/a n/a n/aMarket Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FuturesCommodities
Turnover (EUR m) 237,550 8,122,455 Notional Turnover (EUR m) - -Trades 18,162 954,200 Contracts Traded - -Listings
Revenues 326,249Costs 103,199EBITDA 223,050EBIT 214,997Net Income 154,152
FootnotesFinancial figures are under International Accounting StandardsOn Revenue breakdown, other revenues include corporate unit revenues, capitalization of development costs & consolidation adjustments between segments
NotesFigures mentioned include subsidiaries.
EUR '000Main financial results 2010
4,240
Derivatives
Financial figures 2010
Bonds
-65
Stock/Index
70,224,162
Options and Futures
26,9223,152
772,494
3,345 3,375-
Trading figures 2010Equity
Sec. Derivatives UCITsETFsShares
873,329
288
383353
317 326
96 98 103 107 103
191
285250
210 223
050
100150200250300350400450
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
58%
35%
7%
Cost Breakdown 2010
Personnel
Other operating (*)
Depreciation and amortisation
7%
43%
2%8%
23%
9%
4% 4%
Revenue Breakdown 2010Listing (admission + ongoing)
Cash Trading-Equity
Cash Trading-Fixed Income (**)
Derivatives Trading & Clearing
Settlement (*)
Info products & services
ICT services
Other (advert., educat., properties)(***)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 6 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
BÖRSE BERLIN AG
Name Börse Berlin AG Type of Company Joint-stock companyFor profit
Address Fasanenstraße 85; 10623 Berlin Listed NoPhone +49 (0)30 31 10 91 0 Sectors Cash EU regulated marketsFax +49 (0) 30311091 78 Wholesale bond marketsEmail [email protected] Fund tradingWebsite www.boerse-berlin.de
Year established 1685Year of current legal status 2000Country of Incorporation Germany Number of employees 14 (end of year)Active in Germany
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) - - - - - - - - -Trades - - - - - - - - -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) - - Notional Turnover (EUR m) - -Trades - - Contracts Traded - -Listings
Revenues 3,605Costs 4,521EBITDA 662EBIT 566Net Income -3,041
FootnoteFinancial figures are under Handelsgesetzbuch (HGB) financial accounting protocol
NotesFigures mentioned include subsidiaries.
EUR '000Main financial results 2010
-
Options and Futures
Financial figures 2010
Trading figures 2010
- -
DerivativesStock/Index
---
EquityShares Sec. Derivatives UCITsETFs
Bonds
--
-
-
-
4.6 3.8 3.0 3.3 3.64.4 5.1
9.45.6 4.5
-0.1 -1.5
-6.6
-1.30.7
-10
-5
0
5
10
15
2006 2007 2008 2009 2010EUR
mill
ion
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
43%
4%2%
51%
Cost Breakdown 2010
Personnel
ICT
Depreciation and amortisation
Other costs
27%
50%
6%
17%
Revenue Breakdown 2010 (Xontro)
Listing (admission + ongoing)
Cash Trading
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 7 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
BÖRSE STUTTGART
Name Boerse Stuttgart Holding GmbH Type of Company Corporation (Association)For profit
Address Börsenstraße 4, 70174 Stuttgart ListedPhone +49 (0)711 222 985 0 Sectors Cash EU regulated marketFax +49 (0)711 222 985 555Email [email protected] www.boerse-stuttgart.de
Year established 1861Year of current legal status 2007Country of Incorporation Germany Number of employees 271 (end of year)Active in Germany, Sweden
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 10,401 - - 50,027 - 5,742 - 1,047 -Trades 805,843 - - 3,713,858 - 123,669 - 73,661 -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FuturCommodities
Turnover (EUR m) 26,887 - Notional Turnover (EUR m) - -Trades 407,229 - Contracts Traded - -Listings
Revenues 128,628Costs 120,123EBITDA 13,375EBIT 7,857Net Income 1,461
FootnoteFinancial figures refer to the consolidated annual statement of the Boerse Stuttgart HoldingFinancial figures are under German HGB financial acconting standards
NotesFigures mentioned include subsidiaries.
-
EUR '000Main financial results 2010
n/a
944
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFs
Bonds
Equity
-Options and Futures
Shares
--
DerivativesStock/Index
-520,883
n/a1,941
-
188
131 129151
116 120
3819 13
0
50
100
150
200
2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2008 - 2010
Revenues Costs EBITDA
22%
10%
31%
4%
33%
Cost Breakdown 2010
Personnel
ICT 4) - exchange
Other operating
Depreciation and amortisation
Other costs (incl. interests and other fin. expenses)
81%
1%
9%
4%2% 3%
Revenue Breakdown 2010
Cash Trading
Clearing / CCP
Custody & Banking (financial revs.)
Info products & services
ICT services 4)
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 8 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
BRATISLAVA STOCK EXCHANGE
Name Bratislava Stock Exchange Type of Company Joint-stock companyFor profit
Address P.O.Box 151 Vysoká 17 814 99 Bratislava 1 Listed NoPhone +421 2 49 236 111 Sectors Cash EU regulated marketsFax +421 2 49 236 128 Wholesale bond marketsEmail [email protected] Clearing houses Website www.bsse.sk Central Securities Depositories / Settlement
companiesYear established 1991Year of current legal status 1991Country of Incorporation Slovakia Number of employees 26 (end of year)Active in Slovakia
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 22 209 0 - - - - 0 0Trades 6,276 469 0 - - - - 0 0Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FutureCommodities
Turnover (EUR m) 55 6,509 Notional Turnover (EUR m) - -Trades 348 1,234 Contracts Traded - -Listings
Revenues 1,424Costs 1,513EBITDA 5EBIT -100Net Income -89
FootnoteFinancial figures are under the following financial accounting protocols:2006: SAS2007-2010: IFRS
Financial figures refer to the exchange and not to the parent company owning the exchangeNotesFigures mentioned not include subsidiaries.
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFs
--
0
Equity
--
Options and FuturesStock/Index
Derivatives
0--
EUR '000Main financial results 2010
132
Shares
3,380165
Bonds
1.5 1.5 1.6 1.61.41.4 1.4 1.5 1.6 1.5
0.3 0.3 0.30.2
0.00.00.20.40.60.81.01.21.41.61.8
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
54%
4%
34%
7% 1%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisation
Other costs
29%
32%
3%
36%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Custody & Banking
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 9 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
BUCHAREST STOCK EXCHANGE
Name Bucharest Stock Exchange Type of Company Joint-stock companyFor profit
Address Bd.Carol I, 34-36, etaj 14,020922, Bucuresti Listed On Bucharest Stock ExchangePhone (+40)(21) 307 95 00 Sectors Cash EU regulated marketsFax (+40)(21) 307 95 19 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.bvb.ro Clearing houses / CCP services providers
Central Securities Depositories / Companies managingYear established 1995 settlementYear of current legal status 2005Country of Incorporation Romania Number of employees 60 (end of year)Active in Romania
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 542 162 - - - - - 598 12Trades 515,800 140 - - - - - 373,162 23Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FuturesCommodities
Turnover (EUR m) 150 413 Notional Turnover (EUR m) - -Trades 350 190 Contracts Traded - -Listings
Revenues 3,101Costs 3,066EBITDA 238EBIT 71Net Income 1,356
FootnoteFinancial figures are under IV-th EEC Directive for financial accounting
NotesFigures mentioned include subsidiaries.
9,77669
Equity
-10
--
714
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFs
27
-
Options and Futures
Shares
EUR '000Main financial results 2010
55
DerivativesBonds
25,099
Stock/Index
9
16
8
3 346
4 3 3
02468
1012141618
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues and Costs2006 - 2010
Revenues Costs
49%
6%
33%
5%7%
Cost Breakdown 2010
Personnel
ICT (Materials & Services)
Other operating
Depreciation and amortisation
Other costs (financial)
5%
52%
7%
2%
34%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Info products & services
ICT services
Other (financial&members' fees)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 10 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
BUDAPEST STOCK EXCHANGE
Name Budapest Stock Exchange Type of Company Joint-stock companyFor profit
Address H - 1063 Budapest, Andrássy, út 93. Listed Traded OTC regularlyPhone +36 1 429 6857 Sectors Cash EU regulated marketFax +36 1429 6899 Derivatives marketsEmail [email protected] Wholesale bond marketsWebsite www.bse.hu IT infrastructure and software providers
Year established 1990Year of current legal status 2002Country of Incorporation Hungary Number of employees 60 (end of year)Active in Hungary
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 19,925 77 3 205 - 2 - 35 0.3Trades 2,612,330 135 7 166,301 - 569 - 8,647 2Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Future Commodities
Turnover (EUR m) 805 30 Notional Turnover (EUR m) - 126Trades 1,630 12 Contracts Traded - 6,854Listings
Revenues 12,383Costs 6,678EBITDA 6,590EBIT 6,352Net Income 4,795
FootnoteFinancial figures are under GAAP financial accounting protocolFinancial figures refer to the exchange and not to the parent company owning the exchangeNotesFigures mentioned include subsidiaries.
-48
-
Derivatives
Shares
1,08920,62452 1
Trading figures 2010Sec. Derivatives UCITsETFs
Equity
EUR '000Main financial results 2010
107
Financial figures 2010
85
Options and Futures
4,668,5977,524
Stock/Index Bonds
1416
1311 12
7 8 7 7 778
6 6 7
02468
1012141618
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
48%
27%
4%
3%
18%
Cost Breakdown 2010
Personnel
Material
ICT
Depreciation and amortisation
Other costs
18%
51%
5%
3%
21%
2%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Derivatives Trading
Index Licence
Info products & services
ICT services
Other (advert., educat., properties)
0.2%
FESE EUROPEAN EXCHANGE REPORT 2010 Page 11 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
BULGARIAN STOCK EXCHANGE – SOFIA
Name Bulgarian Stock Exchange - Sofia Type of Company Joint-stock companyFor profit
Address 10 Tri ushi St., 1303 Sofia Listed Traded OTC regularlyPhone +359(0)2 937 09 34 Sectors Cash EU regulated marketsFax +359(0)2 937 09 46Email [email protected] http://www.bse-sofia.bg/
Year established 1991Year of current legal status 1991Country of Incorporation Bulgaria Number of employees 34 (end of year)Active in Bulgaria
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 281 0 116 - - - - 1 1Trades 103,180 0 2,424 - - - - 79 29Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FuturesCommodities
Turnover (EUR m) 60 4 Notional Turnover (EUR m) - -Trades 672 29 Contracts Traded - -Listings
Revenues 1,103Costs 1,386EBITDA 49EBIT -147Net Income -145
FootnotesFinancial figures are under IFRS financial accounting protocolOn Revenue breakdown, other revenues include membership fees and financial sanctions imposed on Exchange members
NotesFigures mentioned include subsidiaries.
Shares
5,498390
Equity
60n/a
EUR '000Main financial results 2010
70
-
DerivativesBonds
-
Options and FuturesStock/Index
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFs
--
- -
2.5
4.9
2.4
1.3 1.11.5
2.1 2.31.5 1.41.1
3.1
0.5 0.2 0.00123456
2006 2007 2008 2009 2010
EUR
Mill
ion
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBIDTA
43%
1%
41%
14%
1%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisationOther costs
26%
37%
21%
4%
12%
Revenue Breakdown 2010
Listing (admission + ongoing)Cash Trading
Info products & services
ICT services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 12 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
CYPRUS STOCK EXCHANGE
Name Cyprus Stock Exchange Type of Company Public sector (State) entityAddress 71-73 Lordou Vironos Avenue, 1096, Not for profit
Nicosia 1309 Listed NoPhone +357 22 712300 Sectors Regulated MarketFax +357 22 570308Email [email protected] www.cse.com.cy
Year established 1993Year of current legal status 1996Country of Incorporation Cyprus Number of employees 83 (end of year)Active in Cyprus
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 554 285 0 - - - - 8 0Trades 201,817 48 1 - - - - 7,100 0Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 18 11 Notional Turnover (EUR m) - -Trades 2,161 16 Contracts Traded - -Listings
Revenues 5,305Costs 5,647EBITDA -687EBIT -1,153Net Income -342
FootnotesFinancial figures are under IFRS financial accounting protocolFinancial figures refer to the exchange and not to the parent company owning the exchangeFootnote on Revenue, Costs and EBITDA chartRevenue figures include interest income
NotesFigures mentioned include subsidiaries.
Shares
5,094110
Derivatives
12
Stock/Index
--
Options and Futures--
EUR '000Main financial results 2010
58
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFs
Bonds
Equity
--
108
8.2
12.0
6.8 6.45.3
8.3
5.3 6.2 5.8 5.6
-0.4
6.0
0.0
0
0-202468
101214
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
63%
28%
8% 1%
Cost Breakdown 2010
Personnel
ICT & Other Operating
Depreciation and amortisation
Other costs
32%
39%
2%
5%
22%
Revenue Breakdown 2010
Listing (admission + ongoing+central depository)
Cash Trading&clearing and settlement
Info products & services
ICT services
Other (advert., educat., properties,penalties,interest)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 13 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
DEUTSCHE BÖRSE GROUP
Name Deutsche Börse AG Type of Company Joint-stock companyFor profit
Address Neue Börsenstr. 1 60487 Frankfurt/Main Listed On Deutsche BörsePhone +49 (0) 69 2 11 0 Sectors Cash EU regulated marketFax +49 (0) 69 2 11 1 10 21 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.deutsche-boerse.com Retail bond market; Wholesale bond markets
Clearing houses / CCP services providersYear established 1585 Central Securities Depositories / Settlement companiesYear of current legal status 1991 IT infrastructure and software providersCountry of Incorporation Germany Info. Services, ICSD, Repo Market, Services for Markets managed Austria, Bulgaria, Finland, Germany, Ireland, investment fund industry(directly or indirectly) Switzerland & USA Number of employees 3,490 (end of year)
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 1,236,940 188,818 318,178 23,355 36,980 156,712 14,344 1,696 6,494Trades 99,900,496 15,646,501 1,678,165 2,604,045 2,664,316 1,761,532 263,426 199,176 175,250Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 18,403 64,966 Notional Turnover (EUR m) 69,676,622 -Trades 275,853 1,231,680 Contracts Traded 574,810,256 -Listings
Revenues 2,225,900Costs 1,147,100EBITDA 1,221,200EBIT 1,091,000Net Income 721,500
FootnoteFinancial figures are under IFRS financial accounting protocolDerivatives traded at Eurex, jointly operated by Deutsche Börse and SIX Swiss Exchange. Total statistics shown in both exchanges.NotesFigures mentioned include subsidiaries.
EUR '000Main financial results 2010
24,839
Financial figures 2010
28,527,0411,316,165,584
Bonds
-618,362
Options and FuturesStock/Index
UCITsETFs
Derivatives
Shares
1,065,713765
Trading figures 2010
-2,833
-760
EquitySec. Derivatives
2,113
2,665 2,787 2,323 2,226
1,092 1,324 1,284 1,264
1,147 1,160
1,472 1,646
1,207 1,221
0500
10001500200025003000
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
35%
35%
11%
19%
Cost Breakdown 2010
Personnel
Other operating
Depreciation and amortisation
Volume related costs
7%
39%
2%5%
29%
10%
8%
Revenue Breakdown 2010
Cash Trading
Derivatives Trading
Clearing / CCP
Settlement
Custody & Banking
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 14 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
ICE FUTURES EUROPE
Name ICE Futures Europe Type of Company For profitListed Listed on a regulated market managed by other entities
Address Milton Gate, 60 Chiswell Street, London EC1Y4SA (IntercontinentalExchange Inc on NYSE)Phone +44 (0)20 7065 7700 Sectors Futures & Options Energy ExchangeFax +44 (0)20 7638 4964Email [email protected] www.theice.com
Year established 1980Year of current legal status 2005Country of Incorporation England & Wales Number of employees 72 (end of year)Active in United Kingdom
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) - - - - - - - - -Trades - - - - - - - - -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Future Commodities
Turnover (EUR m) - - Notional Turnover (EUR m) - 12,436,345Trades - - Contracts Traded - 217,191,797Listings
Revenues 170,671Costs 43,576EBITDA 137,697EBIT 136,241Net Income 104,274
FootnotesFinancial figures are under UK GAAP financial accounting protocolMain financial results are based on UK Filed statutory accounts (functional currency changed from GBP to USD on 30 June 2006) converted at correspondent exchange rates.On Revenue Breakdown:
*Fees levied on clearing members for transacting on the exchange have been included in derivatives tradingNotesFigures mentioned include subsidiaries.
Bonds
EUR '000Main financial results 2010
-
Options & Futures
Financial figures 2010
-
UCITsETFs
--
-
DerivativesStock/Index
Trading figures 2010Equity
-
Shares
- --
--
Sec. Derivatives
99
132 131150
171
42 36 35 42 4463
110 105132 138
020406080
100120140160180
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBIDTA
15%
82%
3%
Cost Breakdown 2010
Personnel
Other operating
Depreciation and amortisation
100%
Revenue Breakdown 2010
Derivatives Trading*
FESE EUROPEAN EXCHANGE REPORT 2010 Page 15 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
THE IRISH STOCK EXCHANGE
Name The Irish Stock Exchange Type of Company Mutual company (co-operative principle)For profit
Address 28 Anglesea Street Dublin 2 Listed NoPhone +353 (1) 617 4200 Sectors Cash EU regulated marketFax +353 (1) 677 6045 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Listing of Equity, Debt and Investment FundsWebsite www.ise.ie
Year established 1793Year of current legal status 1995Country of Incorporation Ireland Number of employees 87 (end of year)Active in Ireland
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 6,752 16,018 - - - 12 23 - -Trades 899,791 157,728 - - - 778 112 - -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FutureCommodities
Turnover (EUR m) - 115,681 Notional Turnover (EUR m) - -Trades - 58,271 Contracts Traded - -Listings
Revenues 20,484Costs 14,844EBITDA -EBIT 5,479Net Income 4,485
FootnotesFinancial figures are under IFRS financial accounting protocolNotesFigures mentioned include subsidiaries.
Bonds
--
Derivatives
-
EUR '000Main financial results 2010
-
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFsShares
-22,480
14
Equity
44,99959
Stock/Index
-
Options and Futures
-
26 30
24 20 20
1520
17 16 15
21
0
15
65
05
101520253035
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBIT2006 - 2010
Revenues Costs EBIT
54%
22%
18%
6%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisation
69%
7%
18%
6%
Revenues Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 16 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
ISTANBUL STOCK EXCHANGE
Name Istanbul Stock Exchange Type of Company Public sector (State) entityNot for profit
Address Reşitpaşa Mah. Tuncay Artun Cd. Emirgan 34467 – İSTANBUL Listed Not listedPhone +90 (0 212) 298 21 00 Sectors Cash EU not regulated (exchange regulated) marketsFax +90 (0 212) 298 25 00 Wholesale bond marketsEmail [email protected] Retail bond marketsWebsite www.ise.org Clearing houses / CCP services providers
Central Securities Depositories Year established 1985 Companies managing settlementYear of current legal status 1985Country of Incorporation TurkeyActive in Turkey Number of employees 489 (end of the year)
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 313,570 308 5 275 - 7,086 - 3,244 3Trades 81,133,552 16 335,173 158,487 - 207,504 - 4,876,719 2Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 1,738,475 354,904 Notional Turnover (EUR m) - -Trades 1,157,355 - Contracts Traded - -Listings
Revenues 103,440Costs 80,173EBITDA 26,952EBIT 63,167Net Income 62,268
FootnotesFinancial figures are under GAAP financial accounting protocol
NotesFigures mentioned do not include subsidiaries.
EUR '000Main financial results 2010
434
-12
229,824264
Shares
-14
Financial figures 2010
Sec. Derivatives UCITsETFs
Bonds
Trading figures 2010
--
27431
Options and FuturesStock/Index
Derivatives
Equity
105 98 97119
103
67 59
87
6280
39 40
12
61
27
020406080
100120140
2006 2007 2008 2009 2010
EUR
Mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
58%
23%
3%
16%
Cost Breakdown 2010
Personnel
Other operating
Depreciation and amortisation
Other costs
14%
47%7%
4%
28%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Info products & services
ICT services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 17 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
LJUBLJANA STOCK EXCHANGE
Name Ljubljana Stock Exchange Type of Company Joint-stock companyFor profit
Address Slovenska 56 1000 Ljubljana Listed Traded OTCPhone + 386 1 471 0211 Sectors Cash EU regulated marketFax + 386 1 471 0213 Retail bond marketsEmail [email protected] IT infrastructure and software providersWebsite www.ljse.si
Year established 1989Year of current legal status 1989Country of Incorporation Slovenia Number of employees 21 (end of year)Active in Slovenia
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order ReportingBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades Trades
Turnover (EUR m) 361 - 96 - - 0 - 23 9Trades 101,912 - 218 - - 54 - 17,295 14Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 109 - Notional Turnover (EUR m) - -Trades 3,783 - Contracts Traded - -Listings
Revenues 2,118Costs 2,038EBITDA 288EBIT 80Net Income 117
FootnotesFinancial figures are under Slovenian Accounting Standards (SAS) protocol
NotesFigures mentioned include subsidiaries.
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFsEquity
-262
5
Options and Futures-
EUR '000Main financial results 2010
80
Bonds
-
Shares
7,02872
Stock/Index Derivatives
31
-
3.6
4.7
3.1
2.2 2.12.8 2.9 2.7 2.5
2.0
0.9
2.1
0.5
-0.1
0.3
-1
0
1
2
3
4
5
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
48%
41%
1%10%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisation
23%
28%
24%
19%
6%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Info products & services
ICT services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 18 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
LONDON METAL EXCHANGE
Name London Metal Exchange Type of Company Joint stock companyFor profit with explicit profit-cap
Address 56 Leadenhall Street, London, EC3A 2DX, UKPhone +44 (0)20 7264 5555 Listed No listedFax +44 (0)20 7680 0505 Sectors Derivatives marketsEmailWebsite www.lme.com
Year established 1877Year of current legal status 1987Country of Incorporation England Number of employees 90 (end of year)Active in United Kingdom
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) - - - - - - - - -Trades - - - - - - - - -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) - - Notional Turnover (EUR m) - 8,760,829 Trades - - Contracts Traded - 120,258,119 Listings
Revenues 50,763Costs 38,619EBITDA 18,327EBIT 12,144Net Income 9,441
FootnotesFinancial figures under IFRS financial accounting protocol
NotesFigures mentioned include subsidiaries.
EquityTrading figures 2010
-
-- - - -
Shares Sec. Derivatives UCITsETFs
-- -
Options and Futures
DerivativesStock/Index
Bonds
EUR '000Main financial results 2010
--
Financial figures 2010
2734 39
48 51
25 27 26 3139
4 814
20 18
0102030405060
2006 2007 2008 2009 2010
EUR
Mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
23%
35%
16%
26%
Cost Breakdown 2010
Personnel
ICT
Depreciation and amortisation
Other costs
54%
23%
23%
Revenue Breakdown 2010
Derivatives Trading
ICT services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 19 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
LUXEMBOURG STOCK EXCHANGE
Name Luxembourg Stock Exchange Type of Company Joint-stock companyFor profit
Address 11, av de la Porte-Neuve L-2227 Luxembourg Listed NoPhone +352 47 79 36 1 Sectors Cash EU regulated marketFax +352 47 32 98 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Wholesale bond marketsWebsite www.bourse.lu IT infrastructure and software providers
Year established 1927Year of current legal status 1928Country of Incorporation Luxembourg Number of employees 131 (end of year)Active in Luxembourg
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 163 - - - - - - 1 -Trades 11,890 - - - - - - 51 -Market Cap. (EUR m)Listed companies (shares) / listing
Electronic Order Off Bond Book Trades EOB Options & Future Commodities
Turnover (EUR m) 55 - Notional Turnover (EUR m) - -Trades 512 - Contracts Traded - -Listings
Revenues 41,228Costs 24,614EBITDA 16,614EBIT 11,041Net Income 10,520
FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial figures are under LUXGAAP financial accounting protocolNotesFigures mentioned include subsidiaries.
Bonds
EUR '000Main financial results 2010
29,566
Options and Futures
Financial figures 2010
-
UCITsETFs
-7,581
-
DerivativesStock/Index
Trading figures 2010Equity
289
Shares
75,381 n/a7,445
--
Sec. Derivatives
3540 42 43 41
23 26 28 27 25
12 14 15 16 17
0
10
20
30
40
50
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
39%
29%
18%
14%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisation
72%
0.2%
26%
2%
Revenue Breakdown 2010
Cash Trading
Listing (admission + ongoing)
ICT services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 20 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
MALTA STOCK EXCHANGE
Name Malta Stock Exchange Type of Company Public sector (State) entityNot for profit
Address Garrison Chapel Castille Place Valetta CMR01 Listed NoPhone +356 21244051 Sectors Cash EU regulated marketFax +356 25696316 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Wholesale bond marketsWebsite www.borzamalta.com.mt Retail bond market
Central Securities Depositories / Settlement companiesYear established 1990Year of current legal status 2007Country of Incorporation Malta Number of employees 50 (end of year)Active in Malta
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 36 - - - - - - - -Trades 8,767 - - - - - - - -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Future Commodities
Turnover (EUR m) 479 - Notional Turnover (EUR m) - -Trades 10,850 - Contracts Traded - -Listings
Revenues 4,381Costs 2,730EBITDA 1,651EBIT 1,651Net Income 1,083
FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial accounts were audited in October 2007. The Exchange became MSE Plc as from 1 November 2007.Financial figures are under IFRS financial accounting standardsNotesFigures mentioned include subsidiaries.
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFs
--
--
Bonds
Equity
--
Shares
3,22221
Stock/Index
--
Options and Futures
Derivatives
EUR '000Main financial results 2010
103
3.6 3.54.2 3.9
4.4
2.3 2.22.8 2.7 2.7
1.3 1.3 1.4 1.21.7
0
1
2
3
4
5
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
47%
45%
8%
Cost Breakdown 2010
Personnel
Other operating
Depreciation and amortisation
61%
5%
34%
Revenue Breakdown 2010
Listing (admission + ongoing)Membership
Clearing / Settlement / CSD
FESE EUROPEAN EXCHANGE REPORT 2010 Page 21 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
NASDAQ OMX GROUP INC.
Name NASDAQ OMX Nordic Ltd Type of Company Joint-stock companyConsolidated figures For profit
Address Listed Since 2008 sub-group of The NASDAQ OMX Group Inc.(European Corp. Headquarter) Babianinkatu 14 Sectors Cash EU regulated marketPhone +358 9 616671 Cash EU not regulated (exchange regulated) marketsFax +358 9 298 2340 Derivatives marketsEmail [email protected] Central Securities Depositories / Settlement companiesWebsite www.nasdaqomx.com in Iceland, Estonia and LatviaYear established 1997 Year of current legal status 1997
Country of Incorporation Finland Number of employees 524 (average in Europe)Active in Europe in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden and the UK
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 568,050 44,656 15,910 1,743 0 12,462 4,771 6,343 20,547Trades 68,799,152 729,710 1,436,058 538,723 15 638,440 4,305 359,391 1,243,382Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 6,604 1,978,723 Notional Turnover (EUR m) 2,921,976 -Trades 167,198 n/a Contracts Traded 27,613,844 -Listings
1452635.813450664
Revenues 261,000Costs 113,000EBITDA 148,000EBIT 108,000Net Income 63,000
FootnotesFinancial figures are under Finnish accounting protocol (quite in line with IFRS)NotesFigures are NASDAQ OMX Ltd consolidated figures
EUR '000Main financial results 2010
5,062
Trading figures 2010
Financial figures 2010
Sec. Derivatives UCITsETFs
Bonds
Equity
542,443Options and Futures
81,365,096
DerivativesStock/Index
691441
-64
Shares
776,821778
-3,053
247299
269218
261
86 107 115 104 113161
192154
114148
050
100150200250300350
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
27 %
19 %
26 %
28 %
Cost Breakdown 2010
Personnel
ICT
Depreciation and amortisation
Other costs
18 %
57 %
20 %
5 %
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading incl derivatives trading
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 22 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
NYSE EURONEXT
Name NYSE EURONEXT Type of Company Joint-stock companyFor profit
Address Listed On NYSE Euronext(European Corp. Headquarter) 39, rue Cambon - 75039 Paris cedex 01 Sectors Cash EU regulated marketsPhone +33 (0)1 49 27 10 00 Cash EU not regulated (exchange regulated) marketsFax +33 (0)1 49 27 11 71 Derivatives marketsEmail [email protected] IT infrastructure and software providersWebsite www.nyx.com
Year of Incorporation 2007Country of Incorporation USA Number of employees 3,968 (end of year)Active in Belgium, France, Netherlands, Portugal, United Kingdom and USA
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book EOB Book EOB Book EOB
Turnover (EUR m) 1,532,631 129,320 1,117,119 25,728 667 97,859 20,050 15,530 22Trades 180,371,472 845,539 533,591 4,615,377 728 2,269,666 13,185 371,890 56Market Cap. (EUR m)Listed Domestic companies
Electronic Order Off Bond Book EOB Options & Futures Commodities
Turnover (EUR m) 13,942 6,652 Notional Turnover (EUR m) 357,648,120 232,195Trades 739,867 1,626 Contracts Traded 501,474,224 16,652,653Listings
Revenues 3,344,061Costs 2,569,840EBITDA 774,222EBIT 562,314Net Income 436,722
FootnotesEuronext & NYSE have merged in April 2007.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 2007 converted at correspondent exchange rates.On Revenues, Cost and EBIDTA:
* 2007-2010 Data are not fully comparable with previous year data since they include figures of the holding company Euronext N.V.NotesFigures mentioned include subsidiaries.
Trading figures 2010 - Only for European marketsEquity
Financial figures 2010
Sec. Derivatives UCITsETFs
-
8,754,817618,226,024
50,421189
EUR '000Main financial results 2010
3,957
-561
Shares
2,184,0761,135
Stock/Index Bonds
Options and Futures
18,661
Derivatives
1102
2993 3214 3371 3344
693
2339 23692981
2570
409 654 845390
774
0500
1000150020002500300035004000
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
56%
19%
25%
Cost Breakdown 2010
Personnel
ICT
Depreciation and amortisation
10%
41%
23%
8%
7%
11%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Derivatives Trading
Info products & services
ICT services
ICT services
FESE EUROPEAN EXCHANGE REPORT 2010 Page 23 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
OSLO BØRS
Name Oslo Børs VPS Holding ASA Type of Company Joint-stock companyFor profit
Address PO.Box. 460, Sentrum N-0105 Oslo Listed Traded OTC regularlyPhone +47 22 34 17 00 Sectors Cash EU regulated marketFax +47 22 34 19 25 Derivatives marketsEmail [email protected] Wholesale bond marketsWebsite www.oslobors.no Clearing houses / CCP services providers
Central Securities Depositories / Companies Year established 1819 managing settlementYear of current legal status 2001Country of Incorporation Norway Number of employees 265 (end of year)Active in Norway
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 198,753 18,448 173 402 20 11,793 - - -Trades 18,735,452 53,082 13,765 45,321 88 564,350 - - -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FuturCommodities
Turnover (EUR m) 11,936 410,869 Notional Turnover (EUR m) - -Trades 1,940 22,022 Contracts Traded - -Listings
Revenues 117,686Costs 71,292EBITDA 64,285EBIT 46,394Net Income 34,640
FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial figures are under IFRS financial accounts standards
NotesFigures mentioned include subsidiaries.
Trading figures year 2010Equity
Financial figures year 2010
Sec. Derivatives UCITsETFs
-
7,99413,731,283
--
EUR '000Main financial results 2010
1,154
-6
Shares
219,512239
Stock/Index Bonds
Options and Futures
257
Derivatives
6183
140106 118
25 34
120
205
7139 11
7953 64
0
50
100
150
200
250
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
45%
30%
25%
Cost Breakdown year 2010
Personnel
Other operating
Depreciation and amortisation
12%
17%
1.5%
5%
45%
17%
0.5%
Revenue Breakdown year 2010
Listing (admission + ongoing)
Cash Trading
Derivatives Trading
Clearing / CCP
Settlement
Info products & services
ICT services
FESE EUROPEAN EXCHANGE REPORT 2010 Page 24 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
PRAGUE STOCK EXCHANGE
Name Prague Stock Exchange Type of Company Joint-stock companyFor profit
Address Rybna 14 110 05 Prague 1 Listed NoPhone +420 221 831 111 Sectors Cash EU regulated marketsFax - Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.pse.cz Clearing houses / CCP services providers
Central Securities DepositoriesYear established 1993 Companies managing settlementYear of current legal status 1993Country of Incorporation Czech Republic Number of employees 90 (end of year)Active in Czech Republic
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 15,258 133 - 7 - - - - -
Trades 1,162,508 135 - 914 - - - - -
Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 0 20,915 Notional Turnover (EUR m) - -
Trades 28 6,495 Contracts Traded - -
Listings
Revenues 17,288Costs 13,221EBITDA 7,441EBIT 4,991Net Income 4,067
NotesFigures mentioned include subsidiaries.
Trading figures 2010
-
-
-
-
EquitySec. Derivatives UCITs
Bonds
-44
Options and FuturesStock/Index
Shares
31,92227
ETFs
Derivatives
EUR '000Main financial results 2010
106
Financial figures 2010
81,736
14
1818
14
17
911
139
13
810
96 7
0
5
10
15
20
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
36%
12%1%18%
33%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisationOther costs
3%
29%
26%
41%
1%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Settlement
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 25 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
SIX GROUP
SIX SWISS EXCHANGE
Name SIX Group Type of Company Joint-stock companySIX Swiss Exchange For profit
Listed NoAddress Selnaustrasse 30 8021 Zürich Sectors CH regulated cash markets/CH not regulated (exchange regulated) marketsPhone +41(0)58 854 54 54 Derivatives marketsFax +41(0)58 854 54 55 Retail bond marketsEmail CCP, Central Securities Depository and Custodian ServicesWebsites www.six-swiss-exchange.com IT infrastructure and software providers (forYear established 1993 SIX Swiss Exchange and Scoach CH)Year of current legal status 2008 Data vending, credit card solutions, electronic payment processingCountry of Incorporation Switzerland Number of employees 249 (end of year) Active in Switzerland & Germany
Electronic Order Off Reporting Electronic Order Off Electronic Order Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 595,339 14,876 44,834 26,808 1,927 39,762 12,141 3,344 904Trades 32,103,416 6,933 118,051 1,365,971 30,036 692,231 4,339 134,859 1,292Market Cap. (EUR m) (Swiss ExchangListed companies (shares) / listings
Electronic Order Off Bond Book Trades EOB Options & Futures Commodities
Turnover (EUR m) 32,029 86,871 Notional Turnover (EUR m) 69,676,622 -Trades 454,921 65,912 Contracts Traded 574,810,256 -Listings
Revenues 271,484Costs 148,109EBITDA 105,224EBIT 94,593Net Income n/a
FootnotesFinancial data for 2006-2007 under IFRS.Financial data for 2008-2010 according to Management Accounts (not IFRS and not approved by auditors).Derivatives traded at Eurex, jointly operated by SIX Swiss Exchange and Deutsche Börse. Total statistics shown in both exchanges.
Trading figures 2010
n/a21
-497
EquitySec. DerivativesShares UCITsETFs
Bonds
-30,604
Options and FuturesStock/Index
916,707296
Derivatives
28,527,0411,316,165,584
EUR '000Main financial results 2010
1,425
Financial figures 2010
263323 337
253 271
141 147176 159 148142
191 173
82 105
0
100
200
300
400
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
24%
7%69%
Cost Breakdown 2010
Personnel
Depreciation and amortisation
Other costs
10%
74%
10%
6%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 26 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
WARSAW STOCK EXCHANGE
Name Warsaw Stock Exchange Type of Company Joint-stock companyListed Yes
Address Ksiazeca 4 00-498 Warsaw Sectors Cash EU regulated marketPhone +4822 628 32 32 Cash alternative (exchange regulated) marketFax +4822 628 17 54 Derivatives marketsEmail [email protected] Wholesale bond markets Website www.gpw.pl Retail bond markets
Year established 1991Year of current legal status 1991Country of Incorporation Poland Number of employees 209 (end of year)Active in Poland
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 52,260 7,467 - 71 0 18 4 27 1Trades 13,120,775 5,076 - 23,480 4 2,629 5 16,150 3Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & Futur Commodities
Turnover (EUR m) 320 74 Notional Turnover (EUR m) - -Trades 21,793 51 Contracts Traded - -Listings
Revenues 56,769Costs 33,800EBITDA 30,692EBIT 22,969Net Income 23,739
FootnotesOperating revenues and costs (excluding financial revenues and costs)Figures are under International Financial Reporting Standards (IFRS) protocol
NotesFigures mentioned include subsidiaries.
Trading figures 2010Equity
Financial figures 2010
Sec. Derivatives UCITsETFs
-
88,60514,601,479
1,015
EUR '000Main financial results 2010
137
-1
Shares
142,272585
Stock/Index Bonds
Options and Futures
Derivatives
58
49
6153
4757
19 2232 28
3437
49
26 2431
010203040506070
2006 2007 2008 2009 2010
EUR
mill
ion
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
33%
55%
12%
Cost Breakdown 2010
Personnel
Other operating
Depreciation and amortisation
9%
57%
18%
14%2%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Derivatives Trading
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 27 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
WIENER BÖRSE
Name Vienna Stock Exchange Type of Company Joint-stock companyFor profit
Address Wallnerstraße 8 Box 192, A-1014 Vienna Listed OTC traded regularlyPhone +43 1 531 65-0 Sectors Cash EU regulated marketFax +43 1 532 97 40 Cash EU not regulated (exchange regulated) marketsEmail [email protected] Derivatives marketsWebsite www.wienerboerse.at
Year established 1771Year of current legal status 1997Country of Incorporation Austria Number of employees 100 (end of year)Active in Austria
Electronic Order Off Reporting Electronic Order Off Electronic Orde Off Electronic Order OffBook Trades EOB Trades Book Trades EOB Book Trades EOB Book Trades EOB
Turnover (EUR m) 36,815 - - 299 - 57 - 9 -Trades 4,783,239 - - 30,735 - 1,946 - 705 -Market Cap. (EUR m)Listed companies
Electronic Order Off Bond Book Trades EOB Options & FuturCommodities
Turnover (EUR m) 1,070 - Notional Turnover (EUR m) - -Trades 26,287 - Contracts Traded - -Listings
Revenues 51,764Costs 26,840EBITDA 26,602EBIT 24,924Net Income 21,849
FootnoteFinancial figures refer to the exchange and not to the parent company owning the exchangeFinancial figures are under local GAAP financial acconting standards
NotesFigures mentioned include subsidiaries.
Trading figures 2010
-22
Shares
93,944
Sec. Derivatives UCITsETFsEquity
110
Options and Futures
-34
Derivatives
-
EUR '000Main financial results 2010
3,657
Bonds
Financial figures 2010
838,93817,018
Stock/Index
57
7870
54 52
31 3527 27 2726
44 44
28 27
0102030405060708090
2006 2007 2008 2009 2010
EUR
mill
ions
Revenues, Costs and EBITDA2006 - 2010
Revenues Costs EBITDA
37%
34%
23%
6%
Cost Breakdown 2010
Personnel
ICT
Other operating
Depreciation and amortisation
9%
55%
1%1%
24%
10%
Revenue Breakdown 2010
Listing (admission + ongoing)
Cash Trading
Derivatives Trading
Clearing / CCP
Info products & services
Other (advert., educat., properties)
FESE EUROPEAN EXCHANGE REPORT 2010 Page 28 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
NOTES ON METHODOLOGY Trading figures:
• Trading statistics follow the FESE Statistics Methodology: http://www.fese.eu/en/?inc=art&id=51 • 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 2010 (FESE Statistics Methodology: http://www.fese.eu/en/?inc=art&id=51 ).
• 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:
• 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 2010 taken from FESE Statistics Database: http://www.fese.eu/en/?inc=page&id=10
• General information and Financial figures 2010 provided by FESE members.
FESE EUROPEAN EXCHANGE REPORT 2010 Page 29 of 29
Federation of European Securities Exchanges AISBL (FESE) shall not be liable for any errors or omissions nor for the use of the information contained in this document.
CONTACT FESE Secretariat Rosa Armesto Head of Economics and Statistics & Fixed Income Tel: +32 2 551 01 85 Email: [email protected]
Sara BaldiAdministrative Assistant Tel: +32 2 551 01 80 Email: [email protected]