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EUROPEAN EXCHANGE REPORT

Published in August 2014

Federation of European Securities Exchanges (FESE)


Economics and Statistics Committee (ESC)

FESE EUROPEAN EXCHANGE REPORT 2013

Page 2 of 28

FOREWORD BY FESE PRESIDENT


The European Exchange Report represents a valuable source of
integrated information on Europes exchange industry and is compiled
by the Federation of European Securities Exchanges (FESE). FESE
represents the operators of European Regulated Markets. FESE
members have a distinct market structure that offers transparent price
discovery and liquidity for assets admitted to trading on their markets,
which is matched according to pre-established rules. This is vetted by
regulators and strictly enforced by market surveillance teams.
The European Exchange Report includes key figures of each operator
of Regulated Markets which are summarised on a one page statement
allowing for easy and transparent comparison of their key financial
figures. In particular, the report contains the following detailed
information:
1. Company information Contacts, products covered, employees,
etc.
2. Trading statistics The best source of comparable securities trading
statistics across Europe in line with the FESE Statistics methodology as
published on the FESE website 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 FESEs 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 FESEs Economics and
Statistics Committee.
We hope that you will find this information useful.

Dr. Christian Katz


President of the Federation of European Securities Exchanges

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 3 of 28

TABLE OF CONTENTS
Contents
ATHENS EXCHANGE .................................................................................................................................. 4
BOLSAS Y MERCADOS ESPAOLES (BME) ............................................................................................ 5
BORSA ISTANBUL ....................................................................................................................................... 6
BRSE STUTTGART ................................................................................................................................... 7
BRATISLAVA STOCK EXCHANGE ............................................................................................................. 8
BUCHAREST STOCK EXCHANGE ............................................................................................................. 9
BULGARIAN STOCK EXCHANGE SOFIA.............................................................................................. 10
CEESEG BUDAPEST STOCK EXCHANGE ........................................................................................... 11
CEESEG LJUBLJANA STOCK EXCHANGE .......................................................................................... 12
CEESEG PRAGUE STOCK EXCHANGE ............................................................................................... 13
CEESEG VIENNA STOCK EXCHANGE ................................................................................................. 14
CYPRUS STOCK EXCHANGE .................................................................................................................. 15
DEUTSCHE BRSE GROUP .................................................................................................................... 16
ICE FUTURES EUROPE............................................................................................................................ 17
THE IRISH STOCK EXCHANGE ............................................................................................................... 18
LONDON METAL EXCHANGE .................................................................................................................. 19
LUXEMBOURG STOCK EXCHANGE ....................................................................................................... 20
MALTA STOCK EXCHANGE ..................................................................................................................... 21
NASDAQ OMX Group Inc........................................................................................................................... 22
NYSE EURONEXT ..................................................................................................................................... 23
OSLO BRS ............................................................................................................................................... 24
SIX GROUP ................................................................................................................................................ 25
SIX SWISS EXCHANGE ............................................................................................................................ 25
WARSAW STOCK EXCHANGE ................................................................................................................ 26
NOTES ON METHODOLOGY ................................................................................................................... 27
CONTACT ............................................................................................................................. 28

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 4 of 28

ATHENS EXCHANGE
Name

Athens Exchange

Type of Company

Address
Phone
Fax
Email
Website

110 Athens Ave, Athens 104 42


+30 210 3366 800
+30 210 3366 607
Information_Services@helex.gr
www.helex.gr

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1876
2000
Greece
Greece

Joint-stock company
For profit
On Athens Exchange (Hellenic Exchanges S.A)
Cash EU regulated markets
Cash EU not regulated (exchange regulated) markets
Derivatives markets
Retail bond markets
Clearing houses / CCP services providers
Central Securities Depositories / Settlement companies
IT infrastructure and software providers
XNET network - Platform for access to internat. securities trading

Number of employees

229 (end of the year)

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Electronic Order
Off
Book Trades
EOB
17.834
3.438
7.243.326
2.053
59.939
251

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
1
244

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
431
979
396
556
353.011
214
3

Off
EOB
0
0

ETFs
Electronic Order
Book Trades
10
1.914
3

Stock/Index
Options and Futures
6.124
9.204.245

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Book Trades
63
53.315
512
3

Off
EOB
0
2

Derivatives
Bond
Options & Futures
-

Off
EOB
22
11

Commodities
-

28

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013

EUR millions

Main financial results 2013


EUR '000
81.466

Revenues
Costs

22.385

EBITDA

60.501

EBIT

59.081

Net Income

63.102

90
80
70
60
50
40
30
20
10
0

81

80
62

61

53

48
37

30

33

27

26 24

2010

2011
Revenues

Revenue Breakdown 2013


1%

22
12

2009

5%

24

Costs

2012

2013

EBITDA

Cost Breakdown 2013

3%

Listing (admission +
ongoing)
Cash Trading

0,4%

7%
Personnel

6%

Derivatives Trading

17%

ICT

Clearing / CCP

48%

Other operating

Settlement

46%

Custody & Banking


Info products & services

17%

Depreciation and
amortisation

34%

Other costs

ICT services

2%

7%

Other (advert., educat.,


properties)

7%

Footnotes
Financial figures are under IAS financial accounting protocol
Net income is calculated before income tax and minority interest.
On Revenue breakdown: other revenues include Auxiliary Fund management revenues, OTC revenues, Xnet/DAC project subsidy revenues and Tax rebates.
On Cost breakdown: other cost include capital market commission fee.
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 5 of 28

BOLSAS Y MERCADOS ESPAOLES (BME)

Name

Bolsas y Mercados Espaoles (BME)

Type of Company

Address
Phone
Fax
Email
Website

Plaza de la Lealtad 1, 28014 Madrid


+34 91 709 50 00
+34 91 709 57 09
InvestorRelations@grupobme.es
www.bolsasymercados.es

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1831
2006
Spain
Spain

Joint-stock company
For profit
On BME Spanish Exchanges
Cash EU regulated market
Cash EU not regulated (exchange regulated) markets
Derivatives markets
Retail bond markets / Wholesale bond markets
Clearing houses / CCP services providers
Central Securities Depositories / Settlement
IT infrastructure and software providers
Market data distribution / Consulting Services
733 (average)

Number of employees

Trading figures 2013


Electronic Order
Book Trades
669.997
48.446.072

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Equity
Sec. Derivatives
ETFs
Reporting Electronic Order
Off
Electronic Order Off
Trades
Book Trades
EOB
Book Trades
EOB
753
n/a
4.284
n/a
n/a
n/a
n/a
n/a
3.480
72

Shares
Off
EOB
202.401
227.738
810.288
3.245

Bonds
Electronic Order
Off
Book Trades
EOB
6.351.299
64.566
79.814
1.385.520

Turnover (EUR m)
Trades

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Book Trades
n/a
n/a
32.152
3.066

Derivatives
Bond
Options & Futures
1.069
13.667

Stock/Index
Options and Futures
585.221
54.610.666

Off
EOB
n/a
n/a

Commodities

3.840

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
Main financial results 2013
EUR '000
EUR millions

307.705

Revenues
Costs

99.205

EBITDA

208.500

EBIT

201.086

Net Income

143.147

350
300
250
200
150
100
50
0

326

317

321
223

210
107

103

2009

2010

Revenue Breakdown 2013

223

2011
Costs

209

197

98

Revenues

308

296

99

99

2012

2013

EBITDA

Cost Breakdown 2013


Listing (admission + ongoing)

5%

2%

6%

7%

Cash Trading-Equity

11%
Cash Trading-Fixed Income

Personnel

Derivatives Trading & Clearing

38%

Other operating

35%
Settlement

58%

Depreciation and amortisation

Info products & services

26%

ICT services

9%

3%

Other (advert., educat., properties)

Footnotes
Financial figures are under International Accounting Standards
On Revenue breakdown, other revenues include corporate unit revenues, capitalization of development costs & consolidation adjustments between segments
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

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BORSA ISTANBUL
Name

Borsa Istanbul

Type of Company

Address
Phone
Fax
Email
Website

Reitpaa Mah. Tuncay Artun Cd. Emirgan 34467 STANBUL


+90 (212) 298 21 00
+90 (212) 298 25 00
international@borsaistanbul.com; index@borsaistanbul.com
www.borsaistanbul.com

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1873
2013
Turkey
Turkey

Joint Stock Company


For profit
Not listed
Cash EU not regulated (exchange regulated) markets
Wholesale bond markets
Retail bond markets
Clearing houses / CCP services providers
Central Securities Depositories
Companies managing settlement
Derivatives markets
Commodity markets
634 (end of the year)

Number of employees

Trading figures 2013


Electronic Order
Book Trades
319.630
77.110.464

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
EOB
302
9
165.643
263

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
2
1.923
222.247
2.810.431
341

Bonds
Electronic Order
Off
Book Trades
EOB
162.471
236.393
284.598
-

Turnover (EUR m)
Trades

ETFs
Electronic Order
Book Trades
3.420
372.675
17

UCITs
Electronic Order
Book Trades
669
1.276.846
112
13

Off
EOB
-

Derivatives
Bond
Options & Futures
-

Stock/Index
Options and Futures
8
3.174

Notional Turnover (EUR m)


Contracts Traded

Off
EOB
-

Commodities
480
48.447

379

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
Main financial results 2013
EUR '000

250
EUR Millions

226.678

Revenues
Costs

152.192

EBITDA

68.348

EBIT

62.386

Net Income

65.963

227

200
152

150
100

119

103
62

50

113

100

78

79

80

68

45
14

22

14

2009

2010
Revenues

Revenue Breakdown 2013

2011
Costs

2012

2013

EBITDA

Cost Breakdown 2013

6%

Listing (admission +
ongoing)
Cash Trading

19%

Personnel

21%

25%
Derivatives Trading
Other operating

1%

Settlement

4%

4%
Custody & Banking

51%

Depreciation and
amortisation

Info products & services

6%
35%

4%

Other costs

ICT services

Other (advert., educat.,


properties)

24%

Footnotes
Financial figures for years 2009 - 2012 are under GAAP financial accounting protocol
In 2013 Borsa stanbul became a joint stock company and the financials accounting protocol changed to IFRS.
Notes
Figures mentioned do not include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 7 of 28

BRSE STUTTGART
Name

Boerse Stuttgart Holding GmbH

Type of Company

Address
Phone
Fax
Email
Website

Brsenstrae 4, 70174 Stuttgart


+49 (0)711 222 985 0
+49 (0)711 222 985 555
info@boerse-stuttgart.de
www.boerse-stuttgart.de

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1861
2007
Germany
Germany, Sweden

Corporation (Association)
For profit
Cash EU regulated markets
Cash EU not regulated (exchange regulated) markets
Securitized derivatives markets
Retail bond markets

Number of employees

277 (end of year)

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
Electronic Order
EOB
Book Trades
15.041
852.317
-

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
25.662
431.305

Equity
Sec. Derivatives
Off
Reporting Electronic Order
EOB
Book Trades
Trades
45.011
3.826.227
1.036.424

Off
EOB
-

ETFs
Electronic Order Off
EOB
Book Trades
7.087
90.794
1.409

UCITs
Electronic Order
Book Trades
984
91.012
n/a
2.154

Off
EOB
-

Derivatives
Bond
Stock/Index
Commodities
Options and Futures Options & Futures
-

Notional Turnover (EUR m)


Contracts Traded

n/a

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013

EUR millions

Main financial results 2013


EUR '000
116.230

Revenues
Costs

109.391

EBITDA

7.580

EBIT

4.685

Net Income

1.441

160
140
120
100
80
60
40
20
0

145

131

129

116

131

120

19

13

2010

2009

Revenues

6%

13

2011
Costs (ex tax)

116 109

2012

2013

EBITDA

Cost Breakdown 2013

Revenue Breakdown 2013


2% 3% 1%

117 111

Listing (admission + ongoing)


Personnel

3%
1%

Cash Trading

28%

28%

ICT - exchange

Clearing / CCP
Other operating

Custody & Banking (financial


revs.)

Info products & services

Depreciation and
amortisation

3%

ICT services

84%

Other (advert., educat.,


properties)

12%

Other costs (incl.


interests and other
fin. expenses)

29%

Footnote
Financial figures refer to the consolidated annual statement of the Boerse Stuttgart Holding
Financial figures are under German HGB financial acconting standards
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 8 of 28

BRATISLAVA STOCK EXCHANGE

Name

Bratislava Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

P.O.Box 151 Vysok 17 814 99 Bratislava 1


+421 2 49 236 111
+421 2 49 236 128
statistics@bsse.sk
www.bsse.sk

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1991
1991
Slovakia
Slovakia

Joint-stock company
For profit
No
Cash EU regulated markets
Wholesale bond markets
Clearing houses
Central Securities Depositories / Companies
managing settlement

Number of employees

24 (end of year)

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Electronic Order
Off
Book Trades
EOB
39
41
8.677
1.400
4.075
131

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
79
1.911

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
-

Off
EOB
8.025
2.280

ETFs
Electronic Order Off
Book Trades
EOB
-

UCITs
Electronic Order
Book Trades
-

Off
EOB
-

Derivatives
Stock/Index
Bond
Options and Futures Options & Futures
Commodities
-

Notional Turnover (EUR m)


Contracts Traded

168

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
EUR millions

Main financial results 2013


EUR '000
1.991

Revenues
Costs

1.169

EBITDA

956

EBIT

867

Net Income

822

5,0
4,0
3,0
2,0
1,0
0,0
-1,0
-2,0
-3,0

4,2
1,6 1,6

1,4
0,2

2009

1,5

2,0

1,8 1,6

1,6

1,2 1,0

0,4

0,0

2010

2011

2012

2013

-2,5

Revenues

Revenue Breakdown 2013

Costs

EBITDA

Cost Breakdown 2013

8%

18%

0,1%

Personnel

Listing (admission +
ongoing)

ICT

40%

43%

Cash Trading

Other operating
Custody & Banking
Depreciation and
amortisation

47%
Other (advert., educat.,
properties)
1%

Other costs

41%
2%

Footnote
Financial figures are under the following financial accounting protocols:
2009-2013: IFRS
Financial figures refer to the exchange and not to the parent company owning the exchange
Notes
Figures mentioned not include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 9 of 28

BUCHAREST STOCK EXCHANGE

Name

Bucharest Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

Bd.Carol I, 34-36, etaj 14,020922, Bucuresti


(+40) (21) 307 95 00
(+40) (21) 307 95 19
foreignaffairs@bvb.ro
www.bvb.ro

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1995
2005
Romania
Romania

Joint-stock company
For profit
On Bucharest Stock Exchange
Cash EU regulated markets
Cash EU not regulated (exchange regulated) markets
Derivatives markets
Clearing houses / CCP services providers
Central Securities Depositories / Companies managing
settlement
Corporate Governance Institute Foundation
40 (end of year)

Number of employees

Trading figures 2013


Shares
Electronic Order
Off
Book Trades
EOB
1.165
639
610.699
1.094
17.834
83

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Bonds
Electronic Order
Book Trades
50
434
70

Turnover (EUR m)
Trades
Listings

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
120
181.612
96

Off
EOB
45
41

ETFs
Electronic Order Off
Book Trades
EOB
0
746
-

UCITs
Electronic Order
Book Trades
1
4.285
8
3

Stock/Index
Options and Futures
1
2.795

Notional Turnover (EUR m)


Contracts Traded

Off
EOB
-

Derivatives
Bond
Options & FuturesCommodities
-

Financial figures 2013


Revenues and Costs
2009 - 2013
Main financial results 2013
EUR '000

10

8
Revenues
Costs

EUR millions

6.781
4.285

EBITDA

1.764

EBIT

1.840

Net Income

2.146

6
4

-2

2009-0

2010

Revenues

2011

Costs

2012

2013

EBITDA

Cost Breakdown 2013

Revenue Breakdown 2013


5%

14%
Listing (admission + ongoing)

19%

Personnel
-2%

Cash Trading

1%
4%

46%

Info products & services

ICT (Materials &


Services)
Other operating

ICT services

Depreciation and
amortisation
37%

71%

Other costs (financial)

Other (financial&members'
fees)
1%

Footnote
Financial figures are under IV-th EEC Directive for financial accounting
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 10 of 28

BULGARIAN STOCK EXCHANGE SOFIA


Name

Bulgarian Stock Exchange - Sofia

Type of Company

Address
Phone
Fax
Email
Website

6 Tri ushi St., 1000 Sofia


+359(0)2 937 09 34
+359(0)2 937 09 46
bse@bse-sofia.bg
http://www.bse-sofia.bg/

Listed
Sectors

Joint-stock company
For profit
Regulated market managed by itself
Cash EU regulated markets

Year established
Year of current legal status
Country of Incorporation
Active in

1991
1991
Bulgaria
Bulgaria

Number of employees

35 (end of year)

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Electronic Order
Off
Book Trades
EOB
657
81.432
5.093
381

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
108
441

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
202
0
0
1.676
68
1
2

Off
EOB
47
51

ETFs
Electronic Order Off
Book Trades
EOB
-

UCITs
Electronic Order
Book Trades
4
24
n/a
45

Off
EOB
0
2

Derivatives
Stock/Index
Bond
Options and Futures Options & FuturesCommodities
-

Notional Turnover (EUR m)


Contracts Traded

59

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009- 2013
Main financial results 2013
EUR '000
EUR Million

1.707

Revenues
Costs

1.288

EBITDA

680

EBIT

594

Net Income

535

2
2
1
1
1
1
1
0
0
0

1,7

1,5
1,3

1,1

1,4

1,4

1,6 1,4

1,4

1,3

0,7
0,5

0,3

0,2
0,0

2009

2010
Revenues

Revenue Breakdown 2013

2011
Costs

2012

2013

EBITDA

Cost Breakdown 2013

3%

12%
19%
1%

7%

Listing (admission +
ongoing)
Cash Trading

Personnel
ICT

50%

Info products & services

12%

Other operating
ICT services
Other (advert., educat.,
properties)

56%

Depreciation and
amortisation

39%

Other costs

1%

Footnotes
Financial figures are under IFRS financial accounting protocol
On Revenue breakdown, other revenues include membership fees and financial sanctions imposed on Exchange members
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 11 of 28

CEESEG BUDAPEST STOCK EXCHANGE

Name

Budapest Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

H - 1063 Budapest, Andrssy, t 93.


+36 1 429 6857
+36 1429 6800
info@bse.hu
www.bet.hu

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1990
2002
Hungary
Hungary

Joint-stock company
For profit
Traded OTC regularly
Cash EU regulated market
Derivatives markets
Wholesale bond markets
IT infrastructure and software providers

Number of employees

52 (end of the year)

Trading figures 2013


Shares
Electronic Order
Off
Book Trades
EOB
7.830
33
1.347.787
199
14.355
50

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Bonds
Electronic Order
Book Trades
15
366
201

Turnover (EUR m)
Trades
Listings

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
0
202
3
173.161
93

Off
EOB
-

ETFs
Electronic Order Off
Book Trades
EOB
1
0
220
0
1

UCITs
Electronic Order
Book Trades
23
9.677
1.678
108

Off
EOB
-

Derivatives
Stock/Index
Bond
Options and Futures Options & FuturesCommodities
2.279
105
1.088.292
4.913

Notional Turnover (EUR m)


Contracts Traded

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
Main financial results 2013
EUR '000
EUR millions

7.921

Revenues
Costs

5.812

EBITDA

2.957

EBIT

2.789

Net Income

1.903

14
12
10
8
6
4
2
0

12

11

11
8

7
6

2010
Revenues

Revenue Breakdown 2013


0.2%

6
3

2009

5%

2011
Costs

2012

2013

EBITDA

Cost Breakdown 2013


Listing (admission + ongoing)
Personnel

16%

21%

Cash Trading

40%

Material

Derivatives Trading
Index Licence

33%

ICT

3%

Depreciation and
amortisation

Info products & services


7%

ICT services

Other costs

33%
Other (advert., educat.,
properties)
5%

5%

29%

Footnote
Financial figures are under GAAP financial accounting protocol
Financial figures refer to the exchange and not to the parent company owning the exchange
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 12 of 28

CEESEG LJUBLJANA STOCK EXCHANGE

Name

Ljubljana Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

Slovenska 56 1000 Ljubljana


+ 386 1 471 0211
+ 386 1 471 0213
info@ljse.si
www.ljse.si

Listed
Sectors

Joint-stock company
For profit
No
Cash EU regulated market
Retail bond markets
IT infrastructure and software providers

Year established
Year of current legal status
Country of Incorporation
Active in

1989
1989
Slovenia
Slovenia

Number of employees

12 (end of year)

Trading figures 2013


Electronic Order
Book Trades
299
49.683

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
EOB
5.173
55

Bonds
Electronic Order
Book Trades
86
1.941

Turnover (EUR m)
Trades

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
11
10
-

Off
EOB
-

ETFs
Electronic Order
Book Trades
-

Off
EOB
-

Stock/Index
Options and Futures
-

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Reporting
Book Trades
Trades
2
906
14
1

Derivatives
Bond
Options & Futures Commodities
-

49

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
Main financial results 2013
EUR '000

3
3

1.701

Revenues
Costs
EBITDA

166

EBIT

-48

Net Income

-31

EUR millions

1.750

2,5
2,2

2,1 2,0

2,1

2,3
1,8 1,9

1,7 1,7

2
1
0,3

0,2

0,1

0
-1

2009-0,1

2010

2011
Revenues

Costs

2012

2013

EBITDA

Cost Breakdown 2013

Revenue Breakdown 2013


3%

18%
18%

25%
Listing (admission + ongoing)
Cash Trading

Personnel

2%
39%

ICT

Info products & services


Other operating

ICT services

27%

27%

Other (advert., educat.,


properties)

41%

Depreciation and
amortisation

Footnotes
Financial figures are under Slovenian Accounting Standards (SAS) protocol
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 13 of 28

CEESEG PRAGUE STOCK EXCHANGE


Name

Prague Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

Rybna 14 110 05 Prague 1


+420 221 831 111
info@pse.cz
www.pse.cz

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1993
1993
Czech Republic
Czech Republic

Joint-stock company
For profit
No
Cash EU regulated markets
Cash EU not regulated (exchange regulated) markets
Derivatives markets
Clearing houses / CCP services providers
Central Securities Depositories
Companies managing settlement

Number of employees

84 (end of year)

Trading figures 2013


Shares
Electronic Order
Off
Book Trades
EOB
6.724
606.989
21.991
26

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Bonds
Electronic Order
Book Trades
74
1.333
109

Turnover (EUR m)
Trades
Listings

Equity
Sec. Derivatives
ETFs
Reporting Electronic Order
Off
Electronic Order
Trades
Book Trades
EOB
Book Trades
5
967
103

Off
EOB
-

UCITs
Electronic Order
Book Trades

Off
EOB
-

Derivatives
Bond
Options & Futures

Stock/Index
Options and Futures
-

Notional Turnover (EUR m)


Contracts Traded

Off
EOB

Commodities

Financial figures 2013


Revenues, Costs and EBITDA
2009- 2013

EUR millions

Main financial results 2013


EUR '000
19.778

Revenues
Costs

14.393

EBITDA

9.373

EBIT

6.436

Net Income

5.385

25

22
21

20

15

17

10

20
15

15

13

14

11

14
10

5
0

2009

2010

2011

Revenues

Revenue Breakdown 2013

Costs

2012

2013

EBITDA

Cost Breakdown 2013

2%
Listing (admission +
ongoing)

13%
33%

Personnel

26%

Cash Trading
35%

ICT

Settlement
Other operating

19%

Custody & Banking


Depreciation and
amortisation

Info products & services

Other costs
Other (advert., educat.,
properties)

11%
22%

20%
0,5%

18%

Notes
Figures mentioned include subsidiaries.
Other (advert., educat., properties ) includes services for issuers by the Central Securities Depository Prague (part of PSE).

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 14 of 28

CEESEG VIENNA STOCK EXCHANGE

Name

Vienna Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

Wallnerstrae 8 Box 192, A-1014 Vienna


+43 1 531 65-0
+43 1 532 97 40
info@wienerborse.at
www.wienerboerse.at

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1771
1997
Austria
Austria

Joint-stock company
For profit
OTC traded regularly
Cash EU regulated market
Cash EU not regulated (exchange regulated) markets
Derivatives markets
Wholesale bond markets
Retail bond markets
Clearing houses / CCP services providers*
98 (end of year)

Number of employees

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
Electronic Order
EOB
Book Trades
19.425
3.896.287
85.394
102

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
127
9.684

Equity
Sec. Derivatives
Off
Reporting Electronic Order
EOB
Book Trades
Trades
225
17.908
5.921

Off
EOB
-

UCITs
Electronic Order
Book Trades
0
0
1

ETFs
Electronic Order Off
EOB
Book Trades
4
352
20

Off
EOB
-

Derivatives
Bond
Stock/Index
Commodities
Options and Futures Options & Futures
16.859
485.847

Notional Turnover (EUR m)


Contracts Traded

3.418

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013

EUR millions

Main financial results 2013


EUR '000
45.121

Revenues
Costs

29.643

EBITDA

16.535

EBIT

15.478

Net Income

12.163

60

54

52

50

50

40
30

45

43

27 28

27 27

30

28

27 24

17

16

20
10
0
Revenues

Revenue Breakdown 2013

Costs

2013

EBITDA

Cost Breakdown 2013


4%

10%

15%

2012

2011

2010

2009

3%

Listing (admission + ongoing)


21%

34%

Cash Trading

Personnel
ICT

Derivatives Trading
Other operating
Clearing / CCP
41%

31%

Depreciation and
amortisation

Info products & services

Other costs
Other (advert., educat.,
properties)
2% 1%

38%

Footnote
Financial figures refer to the exchange and not to the parent company owning the exchange
Financial figures are under local GAAP financial acconting standards
*The CEESEG Holding, parent company of the Wiener Brse AG, does control CCP services and CSD indirectly via the stock exchanges in Prague and Budapest; the Wiener Brse AG does control only 50% of the Austrian CCP
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 15 of 28

CYPRUS STOCK EXCHANGE

Name
Address
Phone
Fax
Email
Website

Cyprus Stock Exchange


71-73 Lordou Vironos Avenue, 1096,
Nicosia 1309
+357 22 712300
+357 22 570308
info@cse.com.cy
www.cse.com.cy

Year established
Year of current legal status
Country of Incorporation
Active in

1993
1996
Cyprus
Cyprus

Type of Company

Public sector (State) entity


Not for profit
No
Cash EU regulated markets
Cash EU not regulated (exch. regulated) markets
Retail bond markets
Central Securities Depositories / Companies
managing settlement
IT infrastructure and software providers

Listed
Sectors

Number of employees

79 (end of year)

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Electronic Order
Off
Book Trades
EOB
31
1,3
30.970
11
1.527
95

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
9
2.187

Reporting
Trades
2
160

Off
EOB
19
7

Equity
Sec. Derivatives
Electronic Order
Off
Book Trades
EOB
-

ETFs
Electronic Order
Book Trades
-

Off
EOB
-

UCITs
Electronic Order
Book Trades
3,5
2.808
90
8

Off
EOB
-

35.983
Derivatives
Stock/Index
Bond
Options and Futures
Options & Futures Commodities
-

Notional Turnover (EUR m)


Contracts Traded

56

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
Main financial results 2013
EUR '000

8
EUR millions

3.804

Revenues
Costs

6.409

EBITDA

-2.631

EBIT

-3.018

Net Income

-2.605

6,4

5,8

6,3

5,3 5,6

6,4

5,8

4,4

4,3

3,8

2
0,2

0
-2

2009

2010 -0,7

2011

2012

2013
0

-2,3

-4
Revenues

Revenue Breakdown 2013

Costs

EBITDA

Cost Breakdown 2013


6%

Listing (admission +
ongoing+central depository)1

19%

0,3%
Personnel

ICT & Other Operating

Cash Trading&clearing and


settlement4

5%
49%

Info products & services

41%

Depreciation and
amortisation

6%
Other costs

ICT services

53%
Other (advert., educat.,
properties,penalties,interest)2

21%

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
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 16 of 28

DEUTSCHE BRSE GROUP

Name

Deutsche Brse AG

Type of Company

Address
Phone
Fax
Email
Website

Mergenthalerallee 61, 65760 Eschborn - Germany


+49 (0) 69 2 11 0
+49 (0) 69 2 11 0
info@deutsche-boerse.com
www.deutsche-boerse.com

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Markets managed
(directly or indirectly)

1585
1992
Germany
Austria, Bulgaria, Czech Republic, Germany, Hungary,
Ireland, Slovenia, Switzerland & USA

Joint-stock company
For profit
On Deutsche Brse
Cash EU regulated market
Cash EU not regulated (exchange regulated) markets
Derivatives markets
Retail bond market; Wholesale bond markets
Clearing houses / CCP services providers
Central Securities Depositories / Settlement companies
IT infrastructure and software providers
Info. Services, ICSD, Repo Market, Services for
investment fund industry
3,811 (end of year)

Number of employees

Trading figures 2013


Electronic Order
Book Trades
1.003.945
104.079.648

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
EOB
31.373
205.899
1.405.032
733

Reporting
Trades
52.956
1.190.224

Equity
Sec. Derivatives
Electronic Order
Off
Book Trades
EOB
20.362
33.478
1.994.108
2.796.262
1.306.745

Bonds
Electronic Order
Off
Book Trades
EOB
14.062
9.611
704.255
73.638

Turnover (EUR m)
Trades

ETFs
Electronic Order
Off
Book Trades
EOB
117.253
5.324
2.172.366
13.315
1.029

Notional Turnover (EUR m)


Contracts Traded

Stock/Index
Options and Futures
25.581.279
1.027.080.432

UCITs
Electronic Order
Book Trades
1.178
130.917
2.926

Derivatives
Bond
Options & Futures
66.106.672
509.567.048

Off
EOB
2.728
108.211

Commodities
-

22.785

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
Main financial results 2013
EUR '000

2500
EUR millions

1.912.300

Revenues
Costs

967.600
1.067.400

EBITDA
EBIT

954.000

Net Income

636.800

2000
1500

2.121

2.039

1.932

2.016
1.221
936

1.207
981

1.912
1.108

1.336
879

922

1000

1.067
968

500
0

2009

2010
Revenues

Revenue Breakdown 2013


12%

Costs

2012

2013

EBITDA

Cost Breakdown 2013

Cash Trading

5%

2011

Derivatives Trading

24%
7%

35%

32%

Personnel

Clearing / CCP

Other operating
Settlement
11%

Depreciation and
amortisation

Custody & Banking

9%
Info products & services

Volume related
costs

ICT services
23%

1%
6%

Other (advert., educat.,


properties)

35%

Footnote
Financial figures are under IFRS financial accounting protocol
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 17 of 28

ICE FUTURES EUROPE

Name

ICE Futures Europe

Type of Company
Listed

Address
Phone
Fax
Email
Website

Milton Gate, 60 Chiswell Street, London EC1Y4SA


+44 (0)20 7065 7700
+44 (0)20 7638 4964
info@theice.com
www.theice.com

Year established
Year of current legal status
Country of Incorporation
Active in

1980
2005
England & Wales
United Kingdom

Sectors

For profit
Listed on a regulated market managed by other entities
(IntercontinentalExchange Inc on NYSE)
Energy Futures Exchange

Number of employees

83 (end of year)

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Electronic Order
Off
Book Trades
EOB
-

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
-

Reporting
Trades
-

Equity
Sec. Derivatives
Electronic Order
Off
Book Trades
EOB
-

Off
EOB
-

ETFs
Electronic Order
Book Trades
-

Stock/Index
Options & Futures
-

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Book Trades
-

Off
EOB
-

Off
EOB
-

Derivatives
Bond
Options & Futures Commodities
22.193.327
315.711.452

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
260
240
220
200
180
160
140
120
100
80
60
40
20
0

Main financial results 2013


EUR '000
73.847
-46.043

EBITDA

48.426

EBIT

47.168

Net Income

36.886

EUR millions

Revenues
Costs

240
199

195
178

161

150
132

133

59

42

51

2009

2010

2011

Revenues

Costs

74 46

63

2012

48

2013

EBITDA

Cost Breakdown 2013

Revenue Breakdown 2013

3%
26%
Personnel

Other operating

Derivatives Trading*

Depreciation and
amortisation
71%
100%
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 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 trading
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 18 of 28

THE IRISH STOCK EXCHANGE

Name

The Irish Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

28 Anglesea Street Dublin 2


+353 (1) 617 4200
+353 (1) 677 6045
info@ise.ie
www.ise.ie

Listed
Sectors

Mutual company (co-operative principle)


For profit
No
Cash EU regulated market
Cash EU not regulated (exchange regulated) markets
Listing of Equity, Debt and Investment Funds

Year established
Year of current legal status
Country of Incorporation
Active in

1793
1995
Ireland
Ireland, Malta

Number of employees

86 (average)

Trading figures 2013


Electronic Order
Book Trades
10.883
1.616.159

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
EOB
17.905
98.993
123.458
50

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
2
4
-

Bonds
Electronic Order
Off
Book Trades
EOB
46.207
35.019

Turnover (EUR m)
Trades

ETFs
Electronic Order Off
Book Trades
EOB
11
4
356
80
1

UCITs
Electronic Order
Book Trades
-

Off
EOB
-

Derivatives
Stock/Index
Bond
Options and Futures Options & Futures
Commodities
-

Notional Turnover (EUR m)


Contracts Traded

21.700

Listings

Financial figures 2013


Revenues, Costs and EBIT
2009 - 2013

EUR millions

Main financial results 2013


EUR '000
22.896

Revenues
Costs

16.527

EBITDA

7.854

EBIT

7.167

Net Income

6.089

25
20

20
18

16

17

15

15
10

23

21

20

20

15

7
5

0
2009

2010

2011
Revenues

Revenues Breakdown 2013

Costs

2012

2013

EBITDA

Cost Breakdown 2013

9%

4%

Listing (admission +
ongoing)

Personnel
23%

20%
Cash Trading

ICT

Info products &


services

53%

Other (advert., educat.,


properties)

7%
64%

Other operating

Depreciation and
amortisation
20%

Footnotes
Financial figures are under IFRS financial accounting protocol
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 19 of 28

LONDON METAL EXCHANGE

Name

London Metal Exchange

Type of Company

Private Limited Company


For profit

Address
Phone
Fax
Email
Website

56 Leadenhall Street, London, EC3A 2DX, UK


+44 (0)20 7264 5555
+44 (0)20 7680 0505

Listed
Sectors

Parent Company Listed on Hong Kong Stock Exchange


Derivatives markets

Year established
Year of current legal status
Country of Incorporation
Active in

1877
1987
England
United Kingdom

Number of employees

117 (end of year)

www.lme.com

Trading figures 2013


Shares
Electronic Order
Book Trades
-

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Bonds
Electronic Order
Book Trades
-

Turnover (EUR m)
Trades
Listings

Off
EOB
-

Equity
Sec. Derivatives
ETFs
Reporting Electronic Order
Off
Electronic Order
Trades
Book Trades
EOB
Book Trades
-

Off
EOB
-

Off
EOB
-

Stock/Index
Options and Futures
-

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Book Trades
-

Derivatives
Bond
Options & Futures
-

Off
EOB
-

Commodities
10.524.712
171.099.643

Financial figures 2013


Revenues, Costs and EBITDA
2009- 2013
Main financial results 2013
EUR '000
EUR Millions

142.796

Revenues
Costs

63.785

EBITDA

79.011

EBIT

63.369

Net Income

48.600

160
140
120
100
80
60
40
20
0

143
100

31

2009

18
2010
Revenues

Revenue Breakdown 2013

64

60

39
20

79

82

73

51

48

27

18

2011
Costs

2012

2013

EBITDA

Cost Breakdown 2013

14%

Personnel

20%

Derivatives Trading

25%
ICT

15%

ICT services
Depreciation and
amortisation

Other (advert., educat.,


properties)

20%
Other costs

71%
35%

Footnotes
Financial figures under IFRS financial accounting protocol
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 20 of 28

LUXEMBOURG STOCK EXCHANGE

Name

Luxembourg Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

11, av de la Porte-Neuve L-2227 Luxembourg


+352 47 79 36 1
+352 47 32 98
info@bourse.lu
www.bourse.lu

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1927
1928
Luxembourg
Luxembourg

Joint-stock company
For profit
No
Cash EU regulated market
Cash EU not regulated (exchange regulated) markets
Wholesale bond markets
IT infrastructure and software providers

Number of employees

105 (end of year)

Trading figures 2013

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies (shares) / listings

Electronic Order
Book Trades
105
11.778

Shares
Off
EOB
57.070
274

Bonds
Electronic Order
Book Trades
366
7.123

Turnover (EUR m)
Trades

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
7.036

Off
EOB
-

ETFs
Electronic Order Off
Book Trades
EOB
1
39
134

Notional Turnover (EUR m)


Contracts Traded

Stock/Index
Options and Futures
-

UCITs
Electronic Order
Book Trades
9
391
n/a
6.274

Off
EOB
-

Derivatives
Bond
Options & FuturesCommodities
-

26.684

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
EUR millions

Main financial results 2013


EUR '000
37.827

Revenues
Costs

23.291
14.536

EBITDA
EBIT

9.256

Net Income

9.661

50
45
40
35
30
25
20
15
10
5
0

43

41
27

42

41

25

2009

17

2010

Costs

23
16

2011

Revenues

Revenue Breakdown 2013

26

24

17

16

38

2012

15

2013

EBITDA

Cost Breakdown 2013

1%
18%

Personnel

Listing (admission + ongoing)

28%

44%
Cash Trading

ICT

ICT services

0.2%

Other operating

21%
71%

Other (advert., educat.,


properties)

Depreciation and
amortisation

17%
Footnote
Financial figures are under LUXGAAP financial accounting protocol
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 21 of 28

MALTA STOCK EXCHANGE

Name

Malta Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

Garrison Chapel Castille Place Valetta CMR01


+356 21244051
+356 25696316
borza@borzamalta.com.mt
www.borzamalta.com.mt

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1990
2007
Malta
Malta

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Electronic Order
Off
Book Trades
EOB
53
7.908
3.245
24

Turnover (EUR m)
Trades

Bonds
Electronic Order
Book Trades
724
9.558

Public sector (State) entity - MSE Plc is now a company


Not for profit
No
Cash EU regulated market
Cash EU not regulated (exchange regulated) markets
Wholesale bond markets
Retail bond market
Central Securities Depositories / Settlement companies

Number of employees

58 (end of year)

Trading figures 2013


Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
-

Off
EOB
-

Notional Turnover (EUR m)


Contracts Traded

ETFs
Electronic Order
Book Trades
-

Off
EOB
-

Stock/Index
Options and Futures
-

UCITs
Electronic Order
Book Trades
-

Off
EOB
-

Derivatives
Bond
Options & FuturesCommodities
-

112

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013
Main financial results 2013
EUR '000

5.090

Revenues
Costs

2.015

EBIT

2.015

Net Income

1.456

EUR millions

3.075

EBITDA

3
2

5,1

4,8

4,5

4,4
3,9
2,7

2,7

1,2

1,7

3,1

2,9

2,6

2,0

1,9

1,8

1
0
2009

2010
Revenues

Revenue Breakdown 2013

2011
Costs

2012

2013

EBITDA

Cost Breakdown 2013


8%

26%
49%

Listing (admission +
ongoing)

Personnel
Other operating

Membership

Clearing /
Settlement / CSD

6%

43%

Depreciation and
amortisation

68%

Footnote
Financial figures refer to the exchange and not to the parent company owning the exchange
Financial figures are under IFRS financial accounting standards
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 22 of 28

NASDAQ OMX GROUP INC.

Name

NASDAQ OMX Nordic Ltd


Consolidated figures

Type of Company

Address
(European Corp. Headquarter)
Phone
Fax
Email
Website
Year established
Year of current legal status

Fabianinkatu 14
+358 9 616671
+358 9 298 2340
communications@nasdaq.com
www.nasdaqomx.com
1997
1997

Listed
Sectors

Country of Incorporation
Active in Europe in

Finland
Number of employees
Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, Sweden

Joint-stock company
For profit
Since 2008 sub-group of The NASDAQ OMX Group Inc.
Cash EU regulated market
Cash EU not regulated (exchange regulated) markets
Derivatives markets
Wholesale bond markets
Clearing houses / CCP services providers
Central Securities Depositories
Companies managing settlement
IT infrastructure and software providers
457 (average in Europe)

Trading figures 2013


Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
7.873
425
52
674.918
161.560
10
3.784

Shares
Electronic Order
Off
Book Trades
EOB
470.418
57.396
72.790.640
1.107.503
921.069
755

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Bonds
Electronic Order
Off
Book Trades
EOB
7.264
1.897.058
149.153
n/a
7.086

Turnover (EUR m)
Trades
Listings

ETFs
Electronic Order
Book Trades
8.182
397.342
55

Off
EOB
3.539
2.428

Stock/Index
Options and Futures
588.735
85.497.023

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Off
Book Trades
EOB
7.405
29.478
397.970
1.777.435
788
432

Derivatives
Bond
Options & Futures Commodities
3.366.249
27.370.322
-

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013

1452635,8
13450664

Main financial results 2013


EUR '000
EUR millions

293.000

Revenues
Costs

136.000

EBITDA

158.000

EBIT

119.000
85.000

Net Income

350
300
250
200
150
100
50
0

293

148
104 114

113

2009

2010
Revenues

Revenue Breakdown 2013


4%

282

275

261
218

119

158

156

2011
Costs*

158

124

136

2012

2013

EBITDA

Cost Breakdown 2013

18 %
Listing (admission +
ongoing)

21 %

26 %

30 %

Personnel

Cash Trading incl


derivatives trading

ICT

Info products & services

Depreciation and
amortisation

Other (advert., educat.,


properties)

Other costs

22 %

22 %

56 %

Footnotes

Financial figures are under Finnish accounting protocol (quite in line with IFRS)
*Costs do not include depreciation and amortisation
Notes
Figures are NASDAQ OMX Ltd consolidated figures

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 23 of 28

NYSE EURONEXT

Name

NYSE EURONEXT

Type of Company

Joint-stock company
For profit
On NYSE Euronext
Cash EU regulated markets
Cash EU not regulated (exchange regulated) markets
Derivatives markets
IT infrastructure and software providers

Address
(European Corp. Headquarter)
Phone
Fax
Email
Website

39, rue Cambon - 75039 Paris cedex 01


+33 (0)1 49 27 10 00
+33 (0)1 49 27 11 71
info@euronext.com
www.nyx.com

Year of Incorporation
Country of Incorporation
Active in

2007
USA
Number of employees
Belgium, France, Netherlands, Portugal, United Kingdom and USA

Listed
Sectors

3,074 (end of year)

Trading figures 2013 - Only for European markets

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed Domestic companies

Shares
Electronic Order
Off
Book Trades
EOB
1.249.884
40.924
168.811.408
159.879
2.600.836
1.062

Bonds
Electronic Order
Book
10.151
591.709
4.417

Turnover (EUR m)
Trades
Listings

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book
EOB
975.527
16.373
7
1.920.052
3.763.282
26
32.751

Off
EOB
16
55

ETFs
Electronic Order
Off
Book
EOB
58.682
17.199
1.709.788
5.013
654

Stock/Index
Options and Futures
7.789.681
343.077.270

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Book
15.137
241.293
46.947
210

Off
EOB
0
2

Derivatives
Bond
Options & Futures Commodities
466.302.677
304.902
574.878.559
23.847.358

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013

Main financial results 2013


EUR '000

5000
EUR millions

2.806.637

Revenues
Costs

2.231.623

EBITDA

575.014

EBIT

383.191

Net Income

121.838

4000
3000

4552
3344

33712981

3422

2915

2570

2239

2000
1000

1130

774

390

2807
2232

676

575

0
2009

2010
Revenues

Revenue Breakdown 2013


14%

2011
Costs

2012

2013

EBITDA

Cost Breakdown 2013


11%

Listing (admission + ongoing)


24%

Personnel

Cash Trading

8%

Derivatives Trading
10%

31%

63%

ICT

Info products & services


Depreciation and
amortisation

ICT services
13%
26%

Other (Activity assessment,


regulatory and others)

Footnotes
All the information refers to NYSE Euronext except for trading figures which only refer to the European trading.
Main financial results are based on US GAAP since April 2007 converted at correspondent exchange rates.
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 24 of 28

OSLO BRS

Name

Oslo Brs VPS Holding ASA

Type of Company

Address
Phone
Fax
Email
Website

PO.Box. 460, Sentrum N-0105 Oslo


+47 22 34 17 00
+47 22 34 19 25
communications@oslobors.no
www.osloborsvps.no

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1819
2001
Norway
Norway

Joint-stock company
For profit
Traded OTC regularly
Cash EU regulated market
Derivatives markets
Wholesale bond markets
Clearing houses / CCP services providers
Central Securities Depositories / Companies
managing settlement

Number of employees

250 (end of year)

Trading figures year 2013


Electronic Order
Book Trades
92.013
17.775.132

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
EOB
13.333
35.467
191.089
216

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
258
50
0
10.104
9.966
1
122

Bonds
Electronic Order
Off
Book Trades
EOB
23.489
485.032
1.882
41.390

Turnover (EUR m)
Trades

ETFs
Electronic Order
Book Trades
3.045
176.146
67

Off
EOB
-

UCITs
Electronic Order
Book Trades
-

Off
EOB
-

Derivatives
Stock/Index
Bond
Options and Futures
Options & Futures
Commodities
4.427
11.786.076
-

Notional Turnover (EUR m)


Contracts Traded

1.569

Listings

Financial figures year 2013


Revenues, Costs and EBITDA
2009- 2013

EUR millions

Main financial results 2013


EUR '000
117.735

Revenues
Costs

85.643

EBITDA

54.343

EBIT

33.499

Net Income

25.942

250

205

200

150

118

118

106

100

71 53

53

118

111
80

78

61

86
55

54

50
0

2009

2010
Revenues

Costs

2012

2013

EBITDA

Cost Breakdown year 2013

Revenue Breakdown year 2013


1.5%

2011

12%

Listing (admission + ongoing)


24%
Cash Trading

14%

39%
14%

Derivatives Trading
Clearing / CCP

2.5%
5%
41%

Personnel

Other operating

Settlement
Depreciation and
amortisation

Info products & services


Other (advert., educat.,
properties)

37%

Footnote
Financial figures refer to Oslo Brs 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
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 25 of 28

SIX GROUP
SIX SWISS EXCHANGE

Name

SIX Group
SIX Swiss Exchange

Type of Company

Address
Phone
Fax
Email
Websites
Year established
Year of current legal status
Country of Incorporation
Active in

Selnaustrasse 30 8021 Zrich


+41(0)58 854 54 54
+41(0)58 854 54 55

Listed
Sectors

www.six-swiss-exchange.com
1993
2008
Switzerland
Switzerland

Number of employees

Joint-stock company
For profit
No
CH regulated cash markets/CH not regulated (exchange reg.) markets
Derivatives markets (securitized derivativs only)
Retail bond markets
CCP, Central Securities Depository and Custodian Services
IT infrastructure and software providers (for
SIX Swiss Exchange and SIX Structured Products Exchange AG)
Data vending, credit card solutions, electronic payment processing
262 (end of year)

Trading figures 2013


Shares
Electronic Order
Off
Book Trades
EOB
509.032
4.836
Turnover (EUR m)
31.167.152
2.267
Trades
1.117.516
Market Cap. (EUR m) (Swiss Exchange)
272
Listed companies (shares) / listings

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
60.750
18.701
5.931
742.272
844.908
17.268
34.283

Bonds
Electronic Order
Off
Book Trades
EOB
27.322
108.142
441.589
83.422

Turnover (EUR m)
Trades

ETFs
Electronic Order
Off
Book Trades
EOB
26.942
46.798
910.464
21.105
794

Stock/Index
Options and Futures
-

Notional Turnover (EUR m)


Contracts Traded

UCITs
Electronic Order
Book Trades
4.405
246.150
n/a
30

Off
EOB
729
1.688

Derivatives
Bond
Options & Futures Commodities
-

1.582

Listings

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013

Main financial results 2013


EUR '000
EUR millions

400

161.267

Revenues
Costs

104.349

EBITDA

81.520

EBIT

77.084
n/a

Net Income

306

300

271

253

170

200

148

159

170

161

158

105

104

113

82

100

69

82

0
2009

2010
Revenues

Revenue Breakdown 2013


12%

2011

2012

Costs (excl. Depreciation)

2013

EBITDA

Cost Breakdown 2013


16%
Listing (admission + ongoing)

16%

Cash Trading

Personnel
41%
55%

Depreciation and
amortisation

Info products & services


Other costs
Other (advert., educat.,
properties)

56%

4%
Footnotes
Financial data for 2008-2011 according to Management Accounts (not IFRS and not approved by auditors).
Figures 2008 2011 are including Eurex business, from 2012 without EUREX business.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 26 of 28

WARSAW STOCK EXCHANGE

Name

Warsaw Stock Exchange

Type of Company

Address
Phone
Fax
Email
Website

Ksiazeca 4, 00-498 Warsaw


+48 22 628 32 32
+48 22 628 17 54
gpw@gpw.pl
www.wse.com.pl

Listed
Sectors

Year established
Year of current legal status
Country of Incorporation
Active in

1991
1991
Poland
Poland

Number of employees

Joint-stock company
For profit
on Warsaw Stock Exchange
Cash EU regulated market
Cash alternative (exchange regulated) market
Derivatives markets
Wholesale bond markets / Retail bond markets
Commodity exchange / Commodity clearing house
Subsidiaries: The Polish Power Exchange (PolPX);
BondSpot; WSEInfoEngine; IRK WSE RESEARCH
347 (end of year)

Trading figures 2013


Electronic Order
Book Trades
52.629
13.533.256

Turnover (EUR m)
Trades
Market Cap. (EUR m)
Listed companies

Shares
Off
EOB
9.102
118.348
148.678
895

Bonds
Electronic Order
Book Trades
658
60.145
442

Turnover (EUR m)
Trades
Listings

Equity
Sec. Derivatives
Reporting Electronic Order
Off
Trades
Book Trades
EOB
67
0
33.972
1
629

Off
EOB
376
397

ETFs
Electronic Order Off
Book Trades
EOB
40
0
10.608
0
3

UCITs
Electronic Order
Book Trades
11
8.455
665
37

Off
EOB
2
8

Derivatives
Stock/Index
Bond
Options and Futures Options & Futures
Commodities
54.278
9.769.952
-

Notional Turnover (EUR m)


Contracts Traded

Financial figures 2013


Revenues, Costs and EBITDA
2009 - 2013

Main financial results 2013


EUR '000
EUR million

68.371

Revenues
Costs

40.107

EBITDA

37.368

EBIT

28.264

Net Income

27.050

80
70
60
50
40
30
20
10
0

68

68

65
57
47
28

34 31

24

2009

2010
Revenues

40

38 36

33

2011
Costs

2012

40 37

2013

EBITDA

Cost Breakdown 2013

Revenue Breakdown 2013


Listing (admission + ongoing)

8%

29%

15%

Cash Trading

38%

Other operating

Derivatives Trading

44%

Personnel

Depreciation and
amortisation

Info products & services

12%
Other (advert., educat.,
properties)

47%

7%
Footnotes
Operating revenues and costs (excluding financial revenues and costs)
Figures are under International Financial Reporting Standards (IFRS) protocol
Other Revenues: data for 2013 include revenues of TGE, the company operating the commodity exchange.
Other Revenues: revenues from WSE's subsidiary IRK-WSE Research (IR/PR support services to companies listed on WSE and organisation of capital market training), promotion, education, and properties.
Notes
Figures mentioned include subsidiaries.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 27 of 28

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 2013 taken from FESE Statistics Database:
http://www.fese.eu/en/?inc=page&id=10
General information and Financial figures 2013 provided by FESE members.

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.

FESE EUROPEAN EXCHANGE REPORT 2013

Page 28 of 28

CONTACT
FESE Secretariat
Sara Baldi
Communications & Policy Advisor
Tel: +32 2 551 01 86
Email: baldi@fese.eu

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.

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