July 25, 2013
Share trading value increases 23% while exchange-traded derivative volumes rebound.
The World Federation of Exchanges' (WFE) semi-annual survey of global markets found that the value of share trading on its member exchanges increased 23% during the first half of 2013, while the volume of exchange-trade derivatives increased 14% after a negative performance in 2012.
The WFE report found that the relatively good performance of stock markets in the recent period was largely driven by the Americas. The growth rates of market capitalization observed in the last three semesters in Americas (chronologically +10.3%, +7.4% and +7.4%) enabled this region to significantly surpass the previous peak of market capitalization level observed in June 2011.
The value of bond trading also slightly recovered for the first six months of 2013 (+1.2%) after the 20% decline observed in 2012. Exchange-Traded Funds (ETFs) also saw a sharp increase (+22%) on the turnover realized on the first six months. The increase was mainly the Americas region performance (+19%) which represents more than 88% of the WFE total turnover. European ETFs are mostly traded off-exchanges.
"The WFE thanks our member exchanges for their commitment to providing important data for our statistical reports, which benefit the exchanges and market users worldwide," said Hüseyin Erkan, CEO of the WFE. "We are also pleased that this report shows some very positive trends on a global basis."
ABOUT THE WFE:The World Federation of Exchanges is the trade association for the operators of regulated financial exchanges.With 59 members from around the globe, the WFE develops and promotes standards in markets, supporting reform in the regulation of OTC derivatives markets, international cooperation and coordination among regulators. WFE exchanges are home to more than 46,000 listed companies.