<\/p>\n
Sector to enjoy strong volumes, diversification, helpful regulation: Fitch.<\/p>\n
The credit rating outlook for global securities exchanges, clearing firms and other components of market infrastructure is strong heading into 2025, says Fitch Ratings.<\/p>\n
In a new report, the rating agency said that it has a \u201cneutral\u201d outlook on the global financial market infrastructure sector, including exchanges, central counterparties (CCPs) and securities depositories.<\/p>\n
The outlook, \u201creflects expectations of continued robust performance, supported by resilient business models with countercyclical features and solid franchises,\u201d Fitch said.<\/p>\n
Additionally, it said that the sector will enjoy increased revenue diversification \u2014 with growth in recurring revenue sources that are not volume dependent \u2014 boosting the sector\u2019s already-sound profitability.<\/p>\n
\u201cGlobal exchanges will benefit from growth in non-trading revenue, higher trading volumes across both equities and derivatives, and an increase in IPO volumes,\u201d the report said. \u201cThis will be supported by stronger capital-market activity, due to improved macroeconomic conditions and lower interest rates.\u201d<\/p>\n
Robust trading activity, coupled with regulators\u2019 efforts to promote central clearing, will drive volumes for CCPs, central securities depositories and fund platforms, it also noted.<\/p>\n
For securities depositories, \u201cNet interest income is set to decline, but will remain a meaningful revenue contributor, due to only gradual declines in interest rates,\u201d it said.<\/p>\n
Strong profits will also help firms reduce leverage, following a string of acquisitions in recent years.<\/p>\n
\u201cAppetite for further large-scale transactions will likely be limited, but Fitch expects firms to continue to seek opportunities to scale up and diversify their data, analytics and technological capabilities,\u201d it said.<\/p>\n
Fitch added that it, \u201cviews regulation, including enhancements to margining processes and resolution frameworks, as supportive of CCPs\u2019 credit profiles.\u201d<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Sector to enjoy strong volumes, diversification, helpful regulation: Fitch. The credit rating outlook for global securities exchanges, clearing firms and other components of market infrastructure is strong heading into 2025, says Fitch Ratings. In a new report, the rating agency said that it has a \u201cneutral\u201d outlook on the global financial market infrastructure sector, including […]<\/p>\n","protected":false},"author":1,"featured_media":3011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Clearing-commission-1.jpg",500,334,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Clearing-commission-1-463x334.jpg",463,334,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Clearing-commission-1-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Clearing-commission-1.jpg",500,334,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3010"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3010\/revisions"}],"predecessor-version":[{"id":3012,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3010\/revisions\/3012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3011"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}