While the role of the Stock and Commodity Exchanges industry in the financial sector has remained essential, falling trade volume over the past five years, particularly for the largest exchanges, has tempered industry performance, especially in the first half of the period. As a result of growing trade volumes, cost savings associated with mergers and acquisitions and an increasing penchant for high-margin derivatives, industry revenue is expected to grow over the five years to 2016. Over the five years to 2021, industry revenue is forecast to increase. Increased trade volume is forecast to raise clearing and transaction fees, while growing corporate profit is anticipated to increase demand for the provision of market data.
This industry is composed of financial intermediaries that provide physical trading floors or electronic marketplaces where buyers and sellers arrange trades in securities, commodities and related contracts. This report includes discussion of exchanges and alternative trading systems, as well as broker-dealers who match trades of securities in off-exchange transactions. It excludes discussion of the trading of debt securities, currencies, real assets and physical commodities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.