Stock Exchanges Industry
Insights from D&B Hoovers

Industry Overview

Description

Companies in this industry operate physical or electronic marketplaces to facilitate the buying and selling of stocks, stock options, bonds, or commodity contracts. Major companies include the New York Stock Exchange (owned by Intercontinental Exchange), Nasdaq OMX Group, and CBOE-owned BATS Global Markets (all based in the US), as well as Japan Exchange Group (formed by the merger of the Tokyo Stock Exchange and Osaka Securities Exchange), London Stock Exchange, and Euronext (Netherlands). Regardless of their location, major securities exchanges are global in scope.

Competitive Landscape

Demand is driven by investor confidence and companies seeking access to public capital. The profitability of individual exchanges depends on maximizing transaction and clearing fees while keeping transaction-based expenses low. Large companies have advantages in volume of shares traded, their ability to attract large company listings, and access to public capital in foreign markets. Smaller exchanges can compete effectively by specializing in smaller companies, sectors, such as technology stocks, regions, or specialty financial instruments. Most companies ultimately chose to list on their domestic stock exchanges. The industry in the US is highly concentrated: the four largest firms account for about 85% of revenue.

Products, Operations & Technology

Major services are trade execution, clearing, and settlement services for securities and commodity contracts (about two-thirds of industry revenue), listing services (15%), and trading and clearing systems services (5%). Other sources of revenue may include data products, financial indexes, and information and public company services.

Geographic Segmentation

See where the Stock Exchanges industry is concentrated geographically and research companies by financials and key corporate data.

Try D&B Hoovers for Free

See how easy it is to find qualified sales leads that align to your target markets and be better prepared to engage with decision makers so you can win their business every time with the new D&B Hoovers.Get a Free Trial
Start Live ChatChat

*Required Fields

FREE Alerts to Changes in Your D&B® Credit Scores!* Sign Up. Get CreditSignal® for FREE!*
Try D&B Credit FREE for 30 Days! Get Started. Try D&B Credit FREE for 30 Days