How Much Does Data Add for Exchanges?


A few years ago, industry pundits and stock exchange officials envisioned sales of market data and related information as a growth market. Well, it hasn’t happened. Five North American-based exchanges have reported 2002 results (most European exchanges report later in the year). Three saw a decline in market data revenues; one reported flattish sales; and the Toronto Stock Exchange (TSE) saw an increase but with the help of a price increase.

Nasdaq generated $799.2 million in total revenues