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The WFE is the association of 52 regulated exchanges around the world. We develop and promote standards in markets.
A 10 year review
this month WFE publishes its annual statistics, and looks back over the past decade.
Current topics
Latest news
Tokyo Commodity Exchange introduces Block Trading to enhance market convenience
Tokyo Commodity Exchange, Inc. (“TOCOM” or the “Exchange”) announced that the Exchange ...
5 February 2010
CME Group Inc. reports solid fourth-quarter 2009 financial results
CME Group Inc. (Nasdaq: CME) reported that fourth-quarter GAAP total revenues were $667 million and ...
4 February 2010
The Palestine Securities Exchange (PSE) and leading Palestinian listed companies aim to attract investment opportunities
The Palestine Securities Exchange (PSE) announced its upcoming road show to take place in London on ...
4 February 2010
International Securities Exchange and Hanweck Associates, LLC announce strategic partnership
The International Securities Exchange (ISE) and Hanweck Associates, LLC, a premier ...
4 February 2010
Bursa Malaysia posts 70% increased net profit of RM177.6 million for 2009
Bursa Malaysia Berhad (Bursa Malaysia) reported a healthy net profit of RM177.6 million for the ...
4 February 2010
RTS Stock Exchange to buy shares in Depository Clearing Company from National Depository Center
On February 2, 2010 the Board of Directors of RTS Stock Exchange passed a resolution accepting the ...
4 February 2010
In the English language at least, the period of the last ten years does not have a catchy name like ‘the nineties’ or ‘the eighties’. But as this decade ends, the economic indicators of many advanced economies are in a strange harmony with ‘the “zeros” : near zero inflation rates, near zero interest rates, near zero growth rates.
Fortunately, the tables in this edition of Focus reveal a more contrasted world for equity and derivative investors. Over the decade, market capitalization rose 33% on WFE markets, and the number of trades increased seven times.
For the year, major indices advanced by nearly 45%, leading a rebound in the overall market capitalization of equal amplitude.
Of particular note both this year and during the decade has been the rising importance of the Asian equity markets. A strong trend this year is the sound performance of ‘emerging markets’, in raising capital, in the size of the market capitalization, and in the liquidity of their markets as measured by trading velocity.
WFE FOCUS:
the monthly newsletter of regulated exchanges, with key market figures
WFE Reports
Summary of key market indicators Year 2009 v. year 2008 Market capitalization (year-on-year) December 2009 % change / (USD bn) December 2008 Americas 18 865 35,8% Asia Pacific 14 628 58,6% Europe Middle East Africa 13 032 37,6% Total WFE 46 525 42,8% Share turnover value (year-on-year) Jan. - Dec. 2009 % change / (USD bn) Jan. - Dec. 2008 Americas 48 778 -33,5% Asia Pacific 18 600 12,4% Europe Middle East Africa 13 077 -44,1% Total WFE 80 455 -29,0% Number of trades (year-on-year) Jan. - Dec. 2009 % change / Jan. - Dec. 2008 Americas 7 012 782 -13,1% Asia Pacific 7 143 011 43,1% Europe Middle East Africa 790 760 -11,0% Total WFE 14 946 553 7,1% Total number of companies listed December 2009 % change / December 2008 Americas 11 224 -4,8% Asia Pacific 20 900 0,4% Europe Middle East Africa 13 701 -2,8% Total WFE 45 825 -1,9% Investment flows (year-on-year) Jan. - Dec. 2009 % change / Jan. - Dec. 2008 Number of new companies listed 1 039 -46,6% of which number of IPOs 760 -34,1% IPOs (value in USD bn) 120,2 -10,7% Companies already listed 721,8 8,4% Derivative markets Jan. - Dec. 2009 % change / YTD number of contracts traded Jan. - Dec. 2008 Stock options 3 500 131 902 -7,2% Single stock futures 629 634 328 -36,2% Stock index options 4 148 876 083 2,3% Stock index futures 1 817 972 948 38,8% Bond options 215 336 649 -16,1% Bond futures 796 901 964 -27,0% Index performance * Dec. 09 / Dec. 08 Dec. 09 / Dec. 08 in local currency in USD Americas 34,0% 40,8% Asia Pacific 52,0% 57,6% Europe Middle East Africa 30,8% 39,2% Total WFE 38,0% 44,9% Summary of key market indicators December 2009 v. November 2009 Market capitalization December 2009 % change / (USD bn) month-on month Americas 18 865 2,8% Asia Pacific 14 628 3,1% Europe Middle East Africa 13 032 1,0% Total WFE 46 525 2,4% Share turnover value December 2009 % change / (USD bn) month-on month Americas 3 646 -20,4% Asia Pacific 1 635 25,0% Europe Middle East Africa 908 -11,0% Total WFE 6 190 -9,8% Investment flows December 2009 % change / month-on-month Number of new companies listed 179 36,6% of which number of IPOs 139 49,5% IPOs (value in USD bn) 21,1 -20,2% Companies already listed 88,8 34,7% Index performance * Dec./Nov. 2009 Dec./Nov. 2009 in local currency in USD Americas 2,4% 2,4% Asia Pacific 4,3% 2,3% Europe Middle East Africa 4,8% 1,6% Total WFE 3,7% 2,1% * Regional indexes are weighted by market capitalization
| Summary of key market indicators | ||
| Year 2009 v. year 2008 | ||
| Market capitalization (year-on-year) | December 2009 | % change / |
| (USD bn) | December 2008 | |
| Americas | 18 865 | 35,8% |
| Asia Pacific | 14 628 | 58,6% |
| Europe Middle East Africa | 13 032 | 37,6% |
| Total WFE | 46 525 | 42,8% |
| Share turnover value (year-on-year) | Jan. - Dec. 2009 | % change / |
| (USD bn) | Jan. - Dec. 2008 | |
| Americas | 48 778 | -33,5% |
| Asia Pacific | 18 600 | 12,4% |
| Europe Middle East Africa | 13 077 | -44,1% |
| Total WFE | 80 455 | -29,0% |
| Number of trades (year-on-year) | Jan. - Dec. 2009 | % change / |
| Jan. - Dec. 2008 | ||
| Americas | 7 012 782 | -13,1% |
| Asia Pacific | 7 143 011 | 43,1% |
| Europe Middle East Africa | 790 760 | -11,0% |
| Total WFE | 14 946 553 | 7,1% |
| Total number of companies listed | December 2009 | % change / |
| December 2008 | ||
| Americas | 11 224 | -4,8% |
| Asia Pacific | 20 900 | 0,4% |
| Europe Middle East Africa | 13 701 | -2,8% |
| Total WFE | 45 825 | -1,9% |
| Investment flows (year-on-year) | Jan. - Dec. 2009 | % change / |
| Jan. - Dec. 2008 | ||
| Number of new companies listed | 1 039 | -46,6% |
| of which number of IPOs | 760 | -34,1% |
| IPOs (value in USD bn) | 120,2 | -10,7% |
| Companies already listed | 721,8 | 8,4% |
| Derivative markets | Jan. - Dec. 2009 | % change / |
| YTD number of contracts traded | Jan. - Dec. 2008 | |
| Stock options | 3 500 131 902 | -7,2% |
| Single stock futures | 629 634 328 | -36,2% |
| Stock index options | 4 148 876 083 | 2,3% |
| Stock index futures | 1 817 972 948 | 38,8% |
| Bond options | 215 336 649 | -16,1% |
| Bond futures | 796 901 964 | -27,0% |
| Index performance * | Dec. 09 / Dec. 08 | Dec. 09 / Dec. 08 |
| in local currency | in USD | |
| Americas | 34,0% | 40,8% |
| Asia Pacific | 52,0% | 57,6% |
| Europe Middle East Africa | 30,8% | 39,2% |
| Total WFE | 38,0% | 44,9% |
| Summary of key market indicators | ||
| December 2009 v. November 2009 | ||
| Market capitalization | December 2009 | % change / |
| (USD bn) | month-on month | |
| Americas | 18 865 | 2,8% |
| Asia Pacific | 14 628 | 3,1% |
| Europe Middle East Africa | 13 032 | 1,0% |
| Total WFE | 46 525 | 2,4% |
| Share turnover value | December 2009 | % change / |
| (USD bn) | month-on month | |
| Americas | 3 646 | -20,4% |
| Asia Pacific | 1 635 | 25,0% |
| Europe Middle East Africa | 908 | -11,0% |
| Total WFE | 6 190 | -9,8% |
| Investment flows | December 2009 | % change / |
| month-on-month | ||
| Number of new companies listed | 179 | 36,6% |
| of which number of IPOs | 139 | 49,5% |
| IPOs (value in USD bn) | 21,1 | -20,2% |
| Companies already listed | 88,8 | 34,7% |
| Index performance * | Dec./Nov. 2009 | Dec./Nov. 2009 |
| in local currency | in USD | |
| Americas | 2,4% | 2,4% |
| Asia Pacific | 4,3% | 2,3% |
| Europe Middle East Africa | 4,8% | 1,6% |
| Total WFE | 3,7% | 2,1% |
| * Regional indexes are weighted by market capitalization | ||
Recent WFE press releases
Madrid (February 1, 2010) – The officers and members of the Board of Directors of the World Federation of Exchanges (WFE) today announced priorities for the year in which WFE celebrates its 50th anniversary. The WFE brings the world’s regulated exchanges together in order to improve the quality of markets.
Paris, France (2 November 2009) – The World Federation of Exchanges (WFE) has announced the publication of an interactive report, “Exchanges and Sustainable Investment,” presented today at a United Nations event in New York. A follow up to the WFE’s 2004 report, the research provides an update on the growth of sustainable investments as mainstream products accessible to investors, regulators and companies.
- World’s Exchange Leaders Meet in Vancouver - World Federation of Exchanges Holds 49th General Assembly and Annual Meeting
(6 October 2009, Vancouver) Chairmen and Chief Executives from more than 50 of the world’s leading exchanges gathered in Vancouver this week for the 49th General Assembly and Annual Meeting of the World Federation of Exchanges (WFE). This assembly represents the largest and most widely attended gathering of global exchange leaders. The last meeting was held in Milan in 2008.
- Baruch College Professor Robert A. Schwartz to receive the first WFE Award for Excellence
(Paris, 28 September 2009) The WFE Secretariat is pleased to announce the winner of the first annual WFE Award for Excellence, Prof. Robert A. Schwartz of the Zicklin School of Business at Baruch College, CUNY.
- WFE Board urges consistent regulation and more transparency from G20 market reform efforts
(Paris, 22 September 2009) The World Federation of Exchanges (WFE) Board of Directors urged leaders of the G20 nations at their upcoming summit in Pittsburgh, Pennsylvania (USA), to press for market reforms that enhance transparency and create more uniform rules between exchange-traded and less-regulated markets.
- Lima, Peru (September 8, 2009) - Leaders of regulated financial markets from the World Federation of Exchanges (WFE) joined colleagues from the Federación Iberoamericana de Bolsas (FIAB) on Monday, September 7 for a two-day summit designed to facilitate greater cross-border cooperation in market development and regulation.
- WFE comments to IOSCO on unregulated financial markets and products, 17 June 2009
Paris, 17 June 2009 - The World Federation of Exchanges (WFE) has submitted comments to the Technical Committee of the International Organization of Securities Commissions (IOSCO), which is expected to issue recommendations on unregulated financial markets and products.
- WFE press release at IOSCO, 11 June 2009
World Federation of Exchanges (WFE) chairman urges greater coordination, cooperation among international regulators at their annual meeting.
- WFE press release on promote international regulatory cooperation, Washington DC, 27 May 2009
World Federation of Exchanges (WFE) directors promote international regulatory cooperation in meeting with head of SEC.
- WFE Press Statement on IOSCO Short Selling Report, 11 May 2009
The WFE submitted its response to a March 2009 Consultation Report on the regulation of short selling issued by a task force of the Technical Committee of the IOSCO.
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Latest
The December 2009 statistics are now available online at Statistics