How exchanges are becoming more than just marketplaces

Wei-Shen examines how exchanges are branching out and pursuing new ventures that could bring them fresh revenue streams. 

The days when exchanges could rely purely on transaction and listing revenues are slowly dwindling, particularly as it pertains to traditional exchange-traded assets like equities. While these revenue streams won’t simply disappear, their contribution to exchanges’ overall revenue will potentially be smaller in quarters and years to come. 

For example, in its most recent earnings results, London Stock Exchange Group (LSEG) recorded a decline in its equities business by 10.9% to £116 million (

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