THE GLOBAL STOCK MARKET INDUSTRY

MARKET ANALYSIS IN THE LIGHT OF THE COVID-19 CRISIS

In addition to a comprehensive view of the sector's environment and demand (global market capitalisation, index performance, new IPOs, etc.), the study provides our exclusive analysis of the past evolution of the global stock market industry and its prospects. In particular, it outlines the impact of the health crisis and the lessons to be learned from the current situation.

COMPANIES' BUSINESS STRATEGIES

Migrating stock exchange platforms to the cloud, developing new financial products, strengthening the service portfolio such as with the acquisition of Refinitiv by London Stock Exchange Group, etc.: the report details the growth levers prioritised by the world leaders in the stock market industry, after analysing their main strengths and weaknesses.

EXPLANATION OF THE CHANGES IN THE COMPETITIVE LANDSCAPE

This report also provides an individualised and aggregated financial analysis of the operators' financial performance. In particular, it deciphers the evolution of sales and operating profit rate for the analysed companies.

1. EXECUTIVE SUMMARY

SUMMARY AND KEY PAGES OF THE REPORT

The summary provides all the elements needed to understand the major trends in the sector and foreseeable developments, drawing on analyses of the market outlook and the strategies of the companies.

2. MARKET FUNDAMENTALS

SCOPE OF THE REPORT

OVERVIEW

MARKET FUNDAMENTALS

3. THE MARKET AND LEADERS' ACTIVITY

SECTORAL ENVIRONMENT

• PESTEL analysis

• The business climate

• The regulation of stock markets

• Technology

THE GLOBAL MARKET FOR STOCK EXCHANGE SERVICES

• Stock exchanges' revenue

• Index performance

• Global market capitalisation

• Listed companies and new IPOs

• The equity market

• Exchange-traded funds

• Derivative products

LEADERS' ACTIVITY AND PERFORMANCES

• Leaders' cumulative revenue

• Ranking by market capitalisation

• Leaders' operating profit rate

• Individualised activity and performance

4. COMPETITION AND LEADERS' STRATEGIES

COMPETITIVE ENVIRONMENT

• Overview

• Competitive intensity

• Threat of substitutes

• Bargaining power of customers

• Government's influence

• Bargaining power of suppliers

LEADERS' STRATEGIES

• Overview

• Migration to the cloud

• Development of new tradable products

• Increasing recurring revenues

5. SOURCES

6. ANNEXES

7. FORCES AT WORK

• Rankings of the 10 world leaders in the global stock market industry

• Key performance indicators of the 10 leaders (revenue growth and EBIT rate)

• SWOT analysis of the 10 leaders

8. LEADERS' PROFILES

• LONDON STOCK EXCHANGE GROUP (LSEG)

• INTERCONTINENTAL EXCHANGE (ICE)

• NASDAQ

• CHICAGO MERCANTILE EXCHANGE GROUP (CME GROUP

• DEUTSCHE BÖRSE GROUP

• HONG KONG EXCHANGES & CLEARING (HKEX)

• B3 – BRASIL BOLSA BALCÃO

• EURONEXT

• JAPAN EXCHANGE GROUP (JPX)

• SINGAPORE EXCHANGE (SGX)

LONDON STOCK EXCHANGE GROUP (LSEG)

INTERCONTINENTAL EXCHANGE (ICE)

NASDAQ

CHICAGO MERCANTILE EXCHANGE GROUP (CME GROUP

DEUTSCHE BÖRSE GROUP

HONG KONG EXCHANGES & CLEARING (HKEX)

B3 – BRASIL BOLSA BALCÃO

EURONEXT

JAPAN EXCHANGE GROUP (JPX)

SINGAPORE EXCHANGE (SGX)