2010 Cost & Revenue Survey
2010 Cost and Revenue Key Conclusions
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ð Total revenues reached USD 27.4 bn, a still modest increase (+1.8% in constant USD terms) compared to growth rates observed between 2002 and 2008. ð Profitability increased for the second consecutive year: - Net income was up 22% at USD 8.4 billion - Average net profit margin was 30% (against 26% in 2009) ð Globally, members continued to improve their net income in 2010 after the record losses experienced in 2008, when some exchanges posted major impairment charges. ð Average PER for listed exchanges was down 16% to 20.3 ð 84% of members are for-profit, and 45% are publicly listed. Two exchanges were newly listed in 2010. ð Trading revenues from cash markets remained the top contributor to revenues (36%), despite the sharp increase of trading and clearing fees from derivatives (+14%) |
