In the first quarter of 2024, markets were attuned to the balance between decreasing macroeconomic risks and escalating geopolitical tensions. These opposing forces could lead to sharp reversals, heightened volatility, and market dislocation. A retreat in market sentiment could occur as these dynamics unfold.
The FTSE Mondo Visione Exchanges Index closed at 73,589.92 points at the end of March, marking a 0.1% decrease from its February 2024 value of 73,691.53.
The top 5 exchanges by market capitalisation at the end of March were:
Exchange | Market Cap (USD bn) |
| Intercontinental Exchange | 78.58 |
| CME Group | 77.45 |
| London Stock Exchange Group | 62.41 |
| Deutsche Boerse | 37.63 |
| Hong Kong Exchanges & Clearing | 36.90 |
FTSE MONDO VISIONE EXCHANGES INDEX AND THE FTSE ALL-WORLD INDEX PERFORMANCE SINCE AUGUST 17, 2001 (USD CAPITAL RETURN)
.jpg "FTSE Mondo Visione Exchange's Index Down 0.1% In March, Up 1.4% In First Quarter (1)")
Herbie Skeete, Managing Director of Mondo Visione and Co-founder of the Index said: "CME Group has long been recognised as a powerhouse in the global exchange arena. However, signs of vulnerability are beginning to show in its once unassailable dominance. The CFTC approved a proposal in January that permits the trading of U.S. Treasury and SOFR futures on FMX, a platform owned by Howard Lutnick's BGC Group. This move signals BGC's emergence as a potential challenger to CME. However, immediate competition remains between ICE and CME, which are fiercely battling to become the largest exchange through market capitalisation. Currently, ICE appears to have the upper hand, thanks to a surge in its energy complex, a bullish outlook in its fixed-income business, and a series of client acquisitions in the mortgage sector."
In March, the Nairobi Securities Exchange saw the highest capital returns in U.S. dollars, with a 26.5% increase in share price. Saudi Tadawul Group came in second with a 12.7% increase, followed by Nasdaq with a 12.3% increase.
The worst performer in March was the Multi Commodity Exchange of India, which experienced an 11.5% decrease in share price. Brazil's B3 S.A. followed with a 7.2% decrease, and Croatia's Zagrebacka Burza dd with a 6.2% decrease.
The FTSE Mondo Visione Exchanges Index rose 1.4% in the first quarter of 2024 after rising 11.2% in the fourth quarter of 2023 and increasing 4.5% in the first quarter of 2023.
In the first quarter of 2024, Saudi Tadawul Group led in capital returns with a 48.6% increase in share price, followed by the Nairobi Securities Exchange with a 31.0% increase and the Japan Exchange Group with a 28.3% increase.
Brazil's B3 SA was the worst performer in the first quarter, experiencing a 20.0 % decrease in share price. Hong Kong Exchanges & Clearing followed with a 15.2% decrease, and Chile's Bolsa de Comercio Santiago with an 11.0% decrease.
Looking at the past 12 months, India's BSE, the best performer in the FTSE Mondo Visione Exchanges Index based on capital returns in USD, showed a 475.3% increase in share price. Multi Commodity Exchange of India and Saudi Tadawul Group were the best performers, with gains of 117.6% and 89.1%, respectively.
Chile's Bolsa de Comercio Santiago experienced the worst performance over the past 12 months, with an 83.3% share price decrease. Croatia's Zagrebacka Burza dd and Hong Kong Exchanges & Clearing followed with declines of 36.1% and 34.4%, respectively.
1 YEAR CONSTITUENT PERFORMANCE (USD CAPITAL RETURN)
.jpg "FTSE Mondo Visione Exchange's Index Down 0.1% In March, Up 1.4% In First Quarter (2)")
1 YEAR EXCESS CAPITAL RETURNS AGAINST THE FTSE MONDO VISIONE EXCHANGES INDEX (USD CAPITAL RETURN)
.jpg "FTSE Mondo Visione Exchange's Index Down 0.1% In March, Up 1.4% In First Quarter (3)")
1-YEAR PERFORMANCE CHART OF THE FTSE MONDO VISIONE EXCHANGES INDEX (USD CAPITAL RETURN)
.jpg "FTSE Mondo Visione Exchange's Index Down 0.1% In March, Up 1.4% In First Quarter (4)")
Download September's performance report by clicking here for more detailed information and quarterly analysis.
Monthly FTSE Mondo Visione Exchanges Index Performance (Capital Return, USD)
July 2014 | 3.1% |
August 2014 | 2.3% |
September 2014 | -3.6% |
October 2014 | 2.8% |
November 2014 | 2.5% |
December 2014 | -0.5% |
January 2015 | -1.0% |
February 2015 | 8.5% |
March 2015 | 0.0% |
April 2015 | 10.7% |
May 2015 | 0.1% |
June 2015 | -3.2% |
July 2015 | -2.7% |
August 2015 | -5.3% |
September 2015 | -2.1% |
October 2015 | 7.6% |
November 2015 | 0.4% |
December 2015 | -2.2% |
January 2016 | -4,7% |
February 2016 | -0.7% |
March2016 | 6.7% |
April 2016 | 0.4% |
May 2016 | 1.8% |
June 2016 | -2.2% |
July 2016 | 5.3% |
August 2016 | 2.3% |
September2016 | -1.6% |
October2016 | -1.6% |
November2016 | 2.1% |
December2016 | 0.1% |
January2017 | 6.0% |
February2017 | -0.8% |
March2017 | 1.4% |
April2017 | 0.8% |
May2017 | 1.6% |
June2017 | 5.6% |
July2017 | 2.7% |
August2017 | 0.3% |
September2017 | 3.6% |
October2017 | -0.7% |
November2017 | 6.4% |
December2017 | -0.7% |
January2018 | 10% |
February2018 | -0.5% |
March2018 | -1.6% |
April2018 | -1.0% |
May2018 | -1.5% |
June2018 | -0.8% |
July2018 | -0.7% |
August2018 | 2.4% |
September2018 | -1.7% |
October2018 | 1.0% |
November2018 | 3.1% |
December2018 | -4.2% |
January2019 | 5.4% |
February2019 | 1.7% |
March2019 | -2.6% |
April2019 | 4.6% |
May2019 | 1.5% |
June2019 | 4.3% |
July2019 | 2.2% |
August2019 | 3.7% |
September2019 | -0.8% |
October2019 | 2.0% |
November2019 | -0.5% |
December2019 | 1.6% |
January2020 | 5.0% |
February2020 | -7.4% |
March2020 | -11.5% |
April2020 | 8.0% |
May2020 | 6.7% |
June2020 | 2.3% |
July2020 | 6.6% |
August2020 | 4.9% |
September2020 | -5.2% |
October2020 | -6.7% |
November2020 | 8.9% |
December2020 | 7.2% |
January2021 | 0.8% |
February2021 | 1.4% |
March2021 | -2.7% |
April2021 | 3.3% |
May2021 | 2.5% |
June2021 | 0.4% |
July2021 | 0.4% |
August2021 | 0.1% |
September2021 | -4.2% |
October2021 | 5.9% |
November2021 | -5.6% |
December2021 | 4.9% |
January2022 | -2.2% |
February2022 | -3.5% |
March2022 | 3.5% |
April2022 | -8.6% |
May2022 | -5.1% |
June2022 | -0.7% |
July2022 | 2.4% |
August 2022 | -3.9% |
September 2022 | -8.8% |
October 2022 | -1.1% |
November 2022 | 11.5% |
December 2022 | -2.9% |
January 2023 | 3.8% |
February 2023 | -4.1% |
March 2023 | 5.0% |
April 2023 | 0.9% |
May 2023 | -3.9% |
June 2023 | 3.8% |
July 2023 | 4.6% |
August 2023 | -2.3% |
September 2023 | -3.0% |
October 2023 | -0.6% |
November 2023 | 7.7% |
December 2023 | 3.8% |
January 2024 | -2.7% |
February 2024 | 4.3% |
March 2024 | -0.1% |
About FTSE Mondo Visione Exchanges Index
The FTSE Mondo Visione Exchanges Index, a joint venture between FTSE Group and Mondo Visione, was established in 2000.
It is the first Index in the world to focus on listed exchanges and other trading venues. The FTSE Mondo Visione Exchanges Index compares performance of individual exchanges and trading platforms and provides a reliable barometer of the health and performance of the exchange sector.
It enables investors to track 33 publicly listed exchanges and trading floors and focuses attention of the market on this important sector.
The FTSE Mondo Visione Exchanges Index includes all publicly traded stock exchanges and trading floors:
- Aquis Exchange
- Australian Securities Exchange Ltd
- B3 SA
- Bolsa de Comercio Santiago
- Bolsa Mexicana de Valores SA
- Boursa Kuwait Securities
- BSE
- Bulgarian Stock Exchange
- Bursa de Valori Bucuresti SA
- Bursa Malaysia
- Cboe Global Markets
- CME Group
- Dar es Salaam Stock Exchange PLC
- Deutsche Bourse
- Dubai Financial Market
- Euronext
- Hellenic Exchanges SA
- Hong Kong Exchanges and Clearing Ltd
- Intercontinental Exchange Inc
- Japan Exchange Group, Inc
- Johannesburg Stock Exchange Ltd
- London Stock Exchange Group
- Multi Commodity Exchange of India
- Nairobi Securities Exchange
- Nasdaq
- New Zealand Exchange Ltd
- Philippine Stock Exchange
- Saudi Tadawul Group
- Singapore Exchange Ltd
- Tel Aviv Stock Exchange
- TMX Group
- Warsaw Stock Exchange
- Zagreb Stock Exchange
The FTSE Mondo Visione Exchanges Index is compiled by FTSE Group from data based on the share price performance of listed exchanges and trading platforms.
