Quarterly Review of SIP Revenue for U.S. Securities Exchanges H118
Overall SIP revenues for U.S. Securities Exchanges have declined 6.0% since 2009 and are on path to only slightly surpass 2017 full-year revenue with H118 totaling to USD194.6m
Burton-Taylor is introducing a new report analyzing the SIP revenue sharing program for U.S. equity exchanges and transaction reporting facilities (TRFs). The report analyzes quarterly quote and trade revenue and messaging data for Tape A, Tape B and Tape C equity securities. The report also provides historical annual revenue and messaging totals for the 2009 to 2017 period, as well as an analysis of each exchange holding company’s activity in the first half of 2018.
The report analyzes revenue for the following U.S. exchange holding companies and transaction reporting facilities (TRFs):
- Nasdaq LLC: Includes revenue for the NSDQ, BX and PSX exchanges, as well as the NASDAQ TRF.
- Cboe Global Markets: Includes revenue for the BZX, CBSX, EDGA, BYX, and EDGX exchanges.
- NYSE: Includes revenue for the NYSE, ARCA and AMEX exchanges, as well as the NYSE TRF.
- IEX: Includes revenue since 2016 when IEX became a registered securities exchange.
- CHX: Includes revenue for the CHX exchange.
CRITICAL: This report does NOT carry “enterprise” distribution rights. It may be shared with “up to five users, within the same firm”. Should you require enterprise distribution rights, the right to share the report or data with other firms, or the right to use the report or data in regulatory filings or publicly available marketing materials, please email email@example.com for pricing.
For the “whole story” on the Global Exchange industry, see the comprehensive, five-year, Exchange Global Share & Segment Sizing 2018 (Key Competitors, Global Market Share 2017, Global Segment Sizing 2017, Global Market Trending 2013-17, Global Segment Trending 2013-17 report here.