While the Stock and Commodity Exchanges industry has remained essential to the overall financial sector, falling trade volume over the past five years has diminished the industry's revenue. As a result, major players have focused on merger and acquisition activity to trim costs and focused on high-margin trading. Despite the trend toward consolidation, new technology has enabled many smaller firms to enter the industry. Still, revenue has fallen over the past five years. The industry is projected to continue growing in the next five years, though regulatory changes could potentially slow down its expansion.
This industry is composed of financial intermediaries that provide physical trading floors or electronic marketplaces where buyers and sellers arrange trades in securities, commodities and related contracts. This report includes discussion of exchanges and alternative trading systems, as well as broker-dealers who match trades of securities in off-exchange transactions. It excludes discussion of the trading of debt securities, currencies, real assets and physical commodities.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.