January 2018 FTSE Mondo Visione Exchanges Index Monthly Analysis

The FTSE Mondo Visione Exchanges Index is a comprehensive measure of all publicly traded stock exchanges and trading floors:

Australian Securities Exchange Ltd Hong Kong Exchanges and Clearing Ltd SA IntercontinentalExchange Bolsa Mexicana de Valores SA Japan Exchange Group Bolsa y Mercado Espanoles Johannesburg Ltd BSE Group - Sofia Bursa de Valori Bucuresti SA of India Nairobi Securities Exchange Nasdaq CME Group New Zealand Exchange Ltd Deutsche Bourse Philippine Stock Exchange Ltd TMX Group Hellenic Exchanges SA

INDEX VALUE

Index Value 31/01/2018 52239.63 29/12/2017 47488.56 Closing all-time high - 26 January 2018 52919.7 Source: FTSE Group, data as at 31 January 2018

PERFORMANCE

Capital Return YTD (USD%) 10 1M (USD%) 10 12M (USD%) 33.9 Source: FTSE Group, data as at 31 January 2018

CONSTITUENT MARKET CAPITALISATION AND CAPITAL RETURN RANKED BY 1 MONTH PERFORMANCE (USD TERMS)

Constituent Name Country Net Market Cap 1M Performance (%) YTD Performance 12M Performance (USDm) (%) (%) JSE South Africa 1,345 27.3 27.3 32.1 Hong Kong Exchanges & Clearing Hong Kong 46,984 23.5 23.5 55.8 B3 SA Brazil 16,185 19.9 19.9 40.1 Bulgarian Stock Exchange Bulgaria 13 16.1 16.1 126.8 Hellenic Exchanges SA Greece 399 13.4 13.4 54.8 Singapore Exchange Singapore 5,139 12.5 12.5 18.9 S.C. Bursa de Valori Bucuresti S.A. Romania 61 12.5 12.5 11.6 TMX Group Limited Canada 3,440 12.2 12.2 19.4 Bursa Malaysia Malaysia 961 11.8 11.8 41.3 Deutsche Boerse Germany 24,051 10.8 10.8 39.8 Bolsa Mexicana de Valores SAB de CV Mexico 841 10.8 10.8 39.7 Euronext France 4,756 9.3 9.3 53.6 London Stock Exchange Group United Kingdom 17,446 8.8 8.8 40 Moscow Exchange Russia 2,888 8 8 -8.5 Cboe Global Markets USA 14,775 7.9 7.9 68.8 Bolsas y Mercados Espanoles Spain 2,611 7.4 7.4 8.5 Warsaw Stock Exchange Poland 384 5.6 5.6 28.1 Nasdaq USA 9,189 5.3 5.3 14.7 Nairobi Securities Exchange Kenya 50 5.2 5.2 66.1 CME Group USA 51,897 5.1 5.1 26.8 NZX Ltd New Zealand 225 5 5 3.7 Intercontinental Exchange USA 43,075 4.6 4.6 26.5 ASX Australia 8,575 3.3 3.3 17 Japan Exchange Group Japan 9,654 3.2 3.2 20 Dubai Financial Market United Arab Emirates 492 0 0 -13.2 Philippine Stock Exchange Philippines 351 -0.5 -0.5 -0.4 BSE India 152 -1.5 -1.5 - Multi Commodity Exchange of India India 180 -14.6 -14.6 -29.5 Source: FTSE Group, data as at 31 January 2018

CONSTITUENT CAPITAL RETURNS RANKED BY 1 MONTH PERFORMANCE (LOCAL CURRENCY TERMS)

Constituent Name Country Currency 1M Performance (%) YTD Performance 12M Performance (%) (%) Hong Kong Exchanges & Clearing Hong Kong HKD 23.6 23.6 57.1 JSE South Africa ZAR 22.1 22.1 16.4 B3 SA Brazil BRL 14.5 14.5 41 Bulgarian Stock Exchange Bulgaria BGN 12 12 96.7 Singapore Exchange Singapore SGD 10.2 10.2 10.5 TMX Group Limited Canada CAD 9.8 9.8 12.3 Hellenic Exchanges SA Greece EUR 9.3 9.3 34.3 S.C. Bursa de Valori Bucuresti S.A. Romania RON 8 8 0 Cboe Global Markets USA USD 7.9 7.9 68.8 Bursa Malaysia Malaysia MYR 7.7 7.7 24.4 Deutsche Boerse Germany EUR 6.8 6.8 21.2 Moscow Exchange Russia RUB 5.5 5.5 -14.3 Euronext France EUR 5.4 5.4 33.3 Nasdaq USA USD 5.3 5.3 14.7 Bolsa Mexicana de Valores SAB de CV Mexico MXN 5.2 5.2 25 CME Group USA USD 5.1 5.1 26.8 Intercontinental Exchange USA USD 4.6 4.6 26.5 Nairobi Securities Exchange Kenya KES 4.1 4.1 63.3 Bolsas y Mercados Espanoles Spain EUR 3.5 3.5 -5.9 London Stock Exchange Group United Kingdom PNC 3.5 3.5 23.8 Philippine Stock Exchange Philippines PHP 2.2 2.2 2.7 Warsaw Stock Exchange Poland PLN 1.3 1.3 6.7 NZX Ltd New Zealand NZD 0.9 0.9 2.7 Dubai Financial Market United Arab Emirates AED 0 0 -13.2 Japan Exchange Group Japan JPY 0 0 16.4 ASX Australia AUD -0.2 -0.2 9.7 BSE India INR -1.9 -1.9 - Multi Commodity Exchange of India India INR -14.9 -14.9 -33.9 Source: FTSE Group, data as at 31 January 2018

1 YEAR PERFORMANCE CHART OF THE FTSE MONDO VISIONE EXCHANGES INDEX (USD CAPITAL RETURN)

54,000 26 Jan 2018: FTSE Mondo Visione Exchanges Index reaches new all-time record closing high of 52,919.70 31 Jan 2017: , part of Intercontinental Exchange, completes the 52,000 acquisition of National Stock Exchange, Inc

29 Nov 2017: London Stock Exchange Group announces 27 Feb 2017: European Commission CEO Xavier Rolet will step down seeks proposal for London Stock immediately 50,000 Exchange Group plc divestment of 03 Jul 2017: China Foreign majority stake in MTS in relation to Exchange Trade System "merger of equals" with Deutsche and Hong Kong Exchanges Boerse AG and Clearing Limited 26 Oct 2017: Deutsche 13 2017: Deutsche launch Bond Connect Boerse AG CEO Carsten Boerse AG paves the way 48,000 Kengeter informs to closure of investigation Supervisory Board he will proceedings 30 Mar 2017: BM& FBOVESPA step down at year-end and CETIP combine to form B3 as a financial market infrastructure company 14 Aug 2017: Euronext 46,000 completes acquisition of

Index Value Index about 90% of the 29 Mar 2017: European FastMatch ECN Commission blocks London Stock Exchange 03 Apr 2017: Euronext and Intercontinental Group plc merger with 19 Oct 2017: London Stock 18 Dec 2017: CME 44,000 Exchange sign Deutsche Boerse AG Exchange Group starts search launches its CME agreement for for successor to CEO Xavier Rolet bitcoin futures derivatives clearing contract (BTC)

13 Jun 2017: Brazil's CVM approves 42,000 BM& FBOVESPA S.A . name change 10 Dec 2017: CBOE Global to B3 S.A. – Brasil, Bolsa, Balcão Markets, Inc's Cboe bitcoin and merger with Cetip futures (XBT) start trading as planned 25 May 2017: B3, Bradesco and Itaú Unibanco invest 40,000 in Fintech company, R3 to accelerate DLT development

23 May 2017: Euronext to buy 90% of FastMatch, the fastest-growing ECN in the spot FX market

38,000

Source: FTSE Group, data as at 31 January 2018 © FTSE International Limited

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