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Aug 06, 2019

Exchanges index highlights July boom in market sentiment

Performance indicator FTSE Mondo Visione Exchanges Index shows success on exchange performance

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.