The FTSE Mondo Visione Exchanges Index*, started 2009 on a low base, but it had a strong finish up 49.4 per cent year to date, with the majority of exchanges showing recovery in their share price.
The FTSE Mondo Visione Exchanges Index, which tracks the performance of 18 publicly-listed exchanges and trading platforms, increased 1.8 per cent in December 2009.
The Index, which aims to reflect market sentiment and is a key indicator of exchanges’ performance, closed at 23,582.49 on 31 December 2009, compared to 23,165.99 on 30 November 2009.
Herbie Skeete, Managing Director of Mondo Visione and co-founder of the Index said:
“In 2009 we saw exchanges launch new products, pay attention to their bottom line and seek out efficiencies which has been reflected in the strong 2009 close of the Index. However, we are still a long way off the high seen in 2007 as trading volumes are still not where they were.
“Looking forward to 2010, the competitive environment is going to be just as intense as 2009. Established exchanges will continue to battle with the new players and will need to adapt to continue to prosper. In Asia, we are going to see the competitive environment increase as new entrants make a push into centre stage and the latest trading technologies spread beyond the major Asia exchanges.
“As we see more activity in the markets, the exchanges sector remains strong for investors to consider when establishing their portfolios,” he said.
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was NZX Ltd, New Zealand, with a 22.5 per cent increase in the share price from 30 November to 31
December 2009. The best overall performer in 2009 was BM&F Bovespa with 171.7 per cent increase in share price throughout the year.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Hellenic Exchanges SA, Greece, with a 16 per cent decrease in share price from 30 November to 31 December 2009. The worst performer of 2009 was NASDAQ OMX Group with 19.8 per cent fall in share price throughout the year.
*The FTSE Mondo Visione Exchanges Index is compiled by FTSE Group from data based on the share price performance of listed exchanges and trading platforms.