London Stock Exchange (LSEG LN) & Deutsche Boerse (DB1 GR)

Financials

Galliano's Financials Research

Victor Galliano sticks with his core theme for global exchanges of growing post-trading revenues, as well as capitalising on “big data” in financial transactions and data services, as we move into 2023. He identifies four relative value opportunities. In addition to the two mentioned above, HKEx and MexBolsa feature positively multiple times in Victor’s value screens and they are all diversifying revenue streams. He sticks with Coinbase as the exchange to avoid. Its revenue streams are heavily exposed to low volumes of crypto transactions and recent events highlight counterparty risk.

Edition: 151

- 06 January, 2023

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