Date post: | 19-Dec-2015 |
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By: Jesse Scott
European Markets and Trading
Major European Markets
London Stock Exchange
Euronext
Deutsche Boerse
OMX Nordic Exchange
Borsa Italiana
SIX Swiss Exchange
BME Spanish Exchange
London Stock Exchange
Market Capitalization: 2.79 T (USD)
Number of Companies Listed: 2,792
Domestic: 2,179
Foreign: 613
Ran by London Stock Exchange Group
Founded in 1801
2007 Merge with Borsa Italiana; purposed merger with Toronto Exchange
London Stock Exchange
Key Indexes:FTSE 100
Hours of Operation:8am – 4:30pm
Operates EDX London, Derivatives Market
Energy and Natural Resources
EuronextMarket Capitalization: 2.87 T (USD)
Number of Companies Listed: 1,160
Domestic : 990
Foreign: 170
Ran by: NYSE Group
Operates Primarily in France, Belgium, Netherlands, and Portugal
EuronextKey Indexes:
Euronext 100
Hours of Operation:9am – 5:30pm
Euronext LiffeDerivatives Market
Second Largest in Europe
Deutsche BoerseMarket Capitalization: 1.29 T (USD)
Number of Companies Listed: 783
Domestic: 704
Foreign: 79
Ran by: Deutsche Boerse Group
Largest German Stock Exchange - Frankfurt
Deutsche BoerseKey Indexes:
DAX
Hours of Operation:9am – 5:30pm
EurexDerivatives Market
Joint Operations with SIX Swiss
Largest European Derivatives Market
OMX Nordic Exchange
Market Capitalization: 817 B (USD)
Number of Companies Listed: 797
Domestic: 773
Foreign: 24
Ran by: Nasdaq Group
Includes Markets in: Finland, Sweden, Norway, Denmark, Iceland
OMX Nordic Exchange
Key Indexes:Nordic 40
Derivatives Market:Nordic Derivatives Market
Hours of Operation:9am – 4:30pm
Borsa ItalianaMarket Capitalization: 655 B (USD)
Number of Companies Listed: 296
Domestic: 291
Foreign: 5
Ran by: London Stock Exchange Group
Based in Milan
Borsa ItalianaKey Indexes:
FTSE/MIB
Runs Italy’s Derivatives and Fixed Income Markets
Hours of Operation:9am – 5:30pm
Swiss ExchangeMarket Capitalization: 1.05 T (USD)
Number of Companies Listed: 339
Domestic: 275
Foreign: 64
Ran by: SIX Group
Based in Zurich
Swiss ExchangeKey Indexes:
Swiss Market Index (SMI)
Derivatives:Eurex
Joint Operations with Deutsche Boerse
Hours of Operation:9am – 4:30pm
BME Spanish Exchange
Market Capitalization:
Number of Companies Listed: 3,472
Domestic : 3,435
Foreign: 37
Ran by: BME Group
Operates several markets
Madrid, Barcelona, Biboa, and Valencia Stock Exchanges
BME Spanish Exchange
Key Indexes:Ibex 35
Derivatives:MEFF
Focus in Energy and Financial Derivatives
Hours of Operation:9am – 4:30pm
Current EventsDeutsche Boerse proposes merger with NYSE Euronext
Deutsche Boerse will purchase $9.68B worth of stock giving the company a 60% share
Proposed merger said to create $405M in synergies
Will become worlds largest exchange group
Possible regulatory issues
Eurex and Liffe would combine to have 90% European market share in derivatives
Current EventsCounter-offer by Nasdaq OMX and ICE to by NYSE Euronext
$11.3B offer, 16% higher than Deutsche Boerse
Will create $740M in synergies
Nasdaq OMX acquires NYSE Euronext listings, equities, and options.
ICE acquires NYSE Liffe derivatives markets, becomes 4th largest company in terms of global trading volume
Other M&A’s in the Equity Markets2007- NYSE purchases Euronext for $10.2B
London Stock Exchange to purchase TMX (Toronto) for $3.2B
BM&FBovespa (Brazil, 4th largest financial exchange operator) looking to make a move
Hong Kong Exchange
Australia ASX and Singapore Exchange $7.9 B deal maybe?
Why the Consolidation?
Battle On-line RivalsLosing Market Share to Electronic Trading
Increase Product Offerings
Cost Savings
Escape Mature Business for Growth Opportunities
Questions