Volatile Markets and Tech Fuel Growth for Exchanges as CME, Coinbase Benefit
-
Industry players like CME Group, Intercontinental Exchange, Cboe Global Markets, Coinbase Global, and MarketAxess Holdings benefit from volatile trading volumes, mergers & acquisitions, and investments in technology.
-
The industry has outperformed the broader Finance sector over the past year but underperformed the S&P 500.
-
The industry has an overall positive earnings outlook, with 2024 EPS estimates revised 8.8% upward.
-
CME Group is poised for growth from emerging markets and OTC offerings. Coinbase benefits from greater crypto asset adoption.
-
Intercontinental Exchange should grow through mortgage digitization and its large mortgage network.