Exchange Market Data & Index revenue growth tops 9%; Intercontinental Exchange edges CME Group as largest industry player; ASX and HKEx deliver highest operating margin
Revenue for Exchanges grew 0.72% in 2015 to USD27.6 billion, according to a report published today by Burton-Taylor International Consulting LLC, as US Dollar strength cost the industry nearly 9.00% growth.
“Market Data & Index revenue was the market driver, with all other segments showing negative USD growth”, says Douglas B. Taylor, Founder & Managing Partner of Burton-Taylor, a recognized leader in information industry market research, strategy and business consulting.
“With the Intercontinental Exchange (ICE) purchase of IDC, and other deals on the horizon, the battle lines are clearly being drawn between Exchanges and traditional Market Data vendors for ownership of the pricing and valuation market”, Taylor said. “It will be interesting to see how other exchanges, Bloomberg, Thomson Reuters and Markit respond.”
The study shows that Trading, Clearing & Settlement remained by far the largest segment, followed by fast-growing Market Data & Indexes, Listings & Issuer Services, and finally Market Technology & Access.
“The Americas and Asia saw particularly strong performance in 2015, while EMEA felt significant currency impact,” says report contributor Chris Porter, Director at Porter Walford Consulting and Burton-Taylor Associate.
“Hong Kong Exchanges and Clearing stood out as the fastest-growing company in the market in 2015, increasing its revenue by over a third and opening a significant gap between it and the next-largest exchanges in Asia; Japan’s JPX and ASX in Australia”, Porter said.
Burton-Taylor International Consulting LLC is a recognized leader in information industry market research, strategy and business consulting. B-T Exchange, Market Data, Credit, Risk, Compliance, Media Intelligence and PR share figures are seen as standards globally. Burton-Taylor clients command an estimated 80% share of global revenue in the Market Data space and include the world’s largest information companies and exchange groups, key government organizations and regulatory bodies on multiple continents, the largest advisory firms serving the industry, and more than 30 of the most active private equity and investment companies around the world…all of which using Burton-Taylor data as their industry benchmark.