The FTSE Mondo Visione Exchanges Index, which aims to reflect market sentiment and is a key indicator of exchanges performance closed at 58,387.4 on July 31 – up 2.2 percent on the month, up 18.2 percent year-to-date and 18.7 percent over 12 months (all in US dollar terms), reflecting booming market sentiment.
The index set a new closing all-time high of 59,714.84 on July 11.
The FTSE Mondo Visione Exchanges Index best performer by capital returns was the Dubai Financial Market, with a whopping 33.9 percent increase in share price from June 28 to July 31.
The next best performer was London Stock Exchange Group with a 16.2 percent increase, followed by Brazil’s B3 SA with a 14.7 percent increase over the same period.
At the other end of the scale, the FTSE Mondo Visione Exchanges Index worst performer was India’s BSE with a 16.8 percent decrease in share price from 28 June 2019 to 31 July 2019.
This was followed by Warsaw Stock Exchange with a 12.3 percent decline and Mexico’s Bolsa Mexicana de Valores SAB de CV with a 11 percent decrease over the same period.
Recent market turmoil however may mean a different analysis is highlighted when it comes to compiling the exchanges data for August.
Herbie Skeete, managing director at Mondo Visione and co-founder of the index, focused on recent innovative exchange developments, saying in a statement: ‘Deutsche Boerse’s recent acquisition of Axioma and Nasdaq’s acquisition of Quandl at the end of last year – and now the London Stock Exchange Group’s acquisition of Refinitiv indicate that a strategic repositioning of exchange groups is now well underway.’
The Refinitiv deal ‘is but the latest indicator of the direction of travel with exchange groups morphing from utility-like trading centers to being hubs of financial data and technology,’ adds Skeete.