Capital Markets

Provides access to capital for domestic and international businesses and efficient electronic platforms for secondary market trading of equities, bonds and derivatives.

Income contribution CY 2017

Sub-segment Main types of revenue Customer profile Highlights KPIs
Primary Markets

• Admission fees for initial listing or raising further capital


• Annual fees for securities traded on our markets

• Companies from more than 60 countries around the world have come to our markets to raise money for growth, together with issuers of bonds, ETFs and other instruments

• 194 new companies joined our markets in the year (2016: 134)

  • Number of companies on our markets 2017: 2,588 (2016: 2,590)

  • Capital raised by new and further equity issues 2017: £44.2bn (2016: £25.6bn)
Secondary Markets

• Fees based on value traded (UK equities) or number of trades or contracts (Italian equities, retail bonds and derivatives)

• Sell-side banks and brokers and buy-side investors worldwide, trading on the Group’s equities, derivatives and fixed income trading platforms

• UK cash equity value traded increased by 4%


• Borsa Italiana cash equity number of trades decreased 6%


• Turquoise Plato Block Discovery value traded increased to €54.5bn (2016: €7.8bn)

  • Average order book equity value traded per day in London 2017: £5.3bn (2016: £5.1bn)

  • Average number of equity order book trades per day in Italy 2017: 276,000 (2016: 295,000)

  • MTS Repo notional value traded €77.7tn (2016: €84.4tn)