LONDON and NEW YORK, May 4, 2021 /PRNewswire/ -- Global exchange revenues continue a years-long trend of strong growth, gaining 6.7% for a record $38 Billion in 2020. Diversification strategies are trending towards information services, though trading, clearing, and settlement continue to account for the majority of exchanges revenues, according to a new report published today by Burton-Taylor International Consulting, part of TP ICAP's Data & Analytics division.
COVID-19 reshaped revenue distribution among the exchange segments, with trading, clearing, and settlement accounting for even more of the revenue pie than previously. Listing and Issuer Services revenues were stunted, showing little year-on-year growth, while Information Services and Market Technology and Access continue steady growth.
ICE continues to secure market share, accounting for 15.9% of global exchange revenues. London Stock Exchange Group owns 8.1% of the market, and its blockbuster 2021 acquisition of Refinitiv is designed to propel them to the top of the exchange industry. SIX group saw the greatest year-over-year growth in 2020, aided by their 2020 acquisition of Bolsas y Mercados Españoles.
EMEA is seeing the greatest revenue growth, adding 12.2%, outpacing Americas at 8.5% and Asia at 7.0% growth. EMEA based exchanges are battling for market share through aggressive M&A campaigns, expanding largely into information services. Americas accounted for 40.4% of global exchange revenues, while EMEA and Asia account for 35.2% and 24.5%, respectively.
"Expanding Information Services offerings continues to be at the forefront of diversification strategies among global exchanges, as firms look to capitalize on seemingly endless demand for data solutions," says Sean Eskildsen, an analyst at Burton-Taylor. "Exchanges are looking beyond traditional transaction-based revenue streams towards data offerings, leveraging current infrastructure as well as deploying M&A activity to gain a strong foothold in the data space."
The 76-page Exchange Global Share & Segment Sizing 2021 report is available for immediate download by Burton-Taylor research members through the website. A detailed information kit for the report can be downloaded HERE or the report can be purchased by visiting https://burton-taylor.com/exchangereport-2021/ or by contacting [email protected], +1 646 225-6696.
About Burton-Taylor International Consulting (www.burton-taylor.com) Burton-Taylor International Consulting, part of TP ICAP group, is the recognized leader in information industry market research, strategy and business consulting. Burton-Taylor Exchange, Credit, Risk, Compliance, Media Intelligence, PR and Market Data share figures are seen as industry benchmark standard globally. For further information see www.burton-taylor.com.
About TP ICAP (www.tpicap.com) TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology. For further information see www.tpicap.com.