Index decreases by 17.1 % in June
The FTSE/Mondo Visione Exchanges Index¹ fell by 17.1 % in June, with the value of all publicly-listed exchanges decreasing for the first time since the Index was launched in September 2001.
The Index, which aims to reflect market sentiment and is a key indicator of exchanges’ performance, closed at 26972.32 on 30 June 2008, down from 32551.91 on May 30 2008. Year to date, the Index has decreased by 44.0 %.
Changes in the exchange industry continued in June with the State of Qatar and NYSE Euronext announcing a major strategic partnership with NYSE Euronext acquiring a 25 % stake in the Doha Securities Market for $US250m.
“It is not clear how much of the FTSE Mondo Visione Exchanges Index loss is due to market sentiment and how much is due to the increased competition the sector is seeing.
Herbie Skeete, managing director of Mondo Visione
Herbie Skeete, managing director of Mondo Visione and co-founder of the Index said: ‘It is not clear how much of the FTSE Mondo Visione Exchanges Index loss is due to market sentiment and how much is due to the increased competition the sector is seeing with new entrants such as Chi-X, BATS Trading and Markit BOAT. These factors are all having an impact on key revenue drivers, such as new company listings, equity financing and market data.’
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