Security Brokerage And Stock Exchange Services Market by Channel, Type and Geography - Forecast and Analysis 2023-2027

Published: May 2023

Pages: 181

SKU: IRTNTR75385

Snapshot

The security brokerage and stock exchange services market is estimated to grow at a CAGR of 8.92% between 2022 and 2027. The market size is forecasted to increase by USD 690.6 billion. The growth of the market depends on several factors, including the increasing demand for ETFs, the growing demand for investment opportunities, and the rising popularity of social trading.

This security brokerage and stock exchange services market report extensively covers market segmentation by channel (offline and online), type (derivatives and commodities brokerage, equities brokerage, bonds brokerage, stock exchanges, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Security Brokerage And Stock Exchange Services Market During the Forecast Period?

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Security Brokerage And Stock Exchange Services Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing demand for investment opportunities is notably driving the market growth, although factors such as the increase in regulatory compliance with trading may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Security Brokerage And Stock Exchange Services Market Driver

The growing demand for investment opportunities is the key factor driving the growth of the global security brokerage and stock exchange services market. Investment opportunities are increasing due to investors' demand to improve their capital. This was mainly due to changing economic conditions, which resulted in low-interest rates and limited traditional investment opportunities for investors. Some of the most popular investment options include stocks, bonds, mutual funds, real estate, and certificates of deposit (CDs). Stocks are the ownership rights of companies listed on financial markets. For example, investors who bought shares in Amazon and Tesla a few years ago saw their investments grow significantly because those companies performed well. Mutual funds are a collective pool of money from investors that invest in stocks, bonds, and other securities. These are managed by an investment company and can offer diversification and professional management to investors who do not have the expertise or time to manage their portfolios.

Real estate investments offer the potential for capital growth through the increased value of the property over time or rental income. This is a long-term option that is favored by investors who are not seeking instant gains. CDs are fixed-term deposits wherein the investor agrees to hold the funds with the bank for a fixed period in return for a higher interest rate than a savings account. CDs serve as a low-risk investment option that can offer long-term returns. Thus, the above-mentioned factors are expected to drive the growth of the global security brokerage and stock exchange services market during the forecast period.

Significant Security Brokerage And Stock Exchange Services Market Trends

The rising adoption of robo-advisors for managing investment portfolios for investors is the primary trend shaping the global security brokerage and stock exchange services market growth. Robo-advisors are computer algorithms designed to provide automated investment recommendations and portfolio management services without the need for human intervention. These systems use artificial intelligence (AI) and machine learning algorithms to analyze market data, identify potential investment opportunities, and provide personalized investment advice to investors. The rise of robo-advisors in the security brokerage and stock exchange services market can be attributed to several factors. Robo-advisors have lower fees compared to traditional financial advisors. Investors can save more money on management fees, commissions, and other charges, making robo-advisors an attractive option for those seeking to invest with a limited budget. Robo-advisors are popular among investors who want to have greater control and transparency over their investments.

These systems allow investors to customize their investment portfolios according to their risk tolerance, investment goals, and preferences. They can track their portfolio performance in real-time, access account information, and modify their investments from anywhere using a mobile or web application. Another reason robo-advisors are gaining traction is that they can leverage big data and machine learning algorithms to analyze market trends and predict investment outcomes. This enables robo-advisors to provide more accurate investment recommendations and minimize the risk of investment losses. Thus, the above-mentioned factors are expected to fuel the growth of the global security brokerage and stock exchange services market during the forecast period.

Major Security Brokerage And Stock Exchange Services Market Challenge

Increase in regulatory compliance with trading is a major challenge impeding the growth of the global security brokerage and stock exchange services market. The increasing regularity of trade compliance is placing a heavy strain on the global securities brokerage and exchange services market. These strict regulations are intended to ensure the integrity, transparency, and fairness of the trading system, but they can also have a negative impact on the global securities brokerage and exchange services market. One of the main problems facing brokerage firms and exchanges is the increasing cost of compliance.

These regulations often require complex and costly procedures that must be followed to remain compliant, which includes hiring additional staff, investing in new systems and technology, and conducting ongoing training to ensure that all employees stay up to date with the newest regulations and procedures. This increases the expenses incurred in complying with these regulations and is expected to negatively impact on the profitability and sustainability of brokerage firms and stock exchanges during the forecast period.

Key Security Brokerage And Stock Exchange Services Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Security Brokerage And Stock Exchange Services Market Customer Landscape

Who are the Major Security Brokerage And Stock Exchange Services Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ameriprise Financial Inc. - The company offers security brokerage and stock exchange services such as stocks, bonds, mutual funds, and exchange-traded funds.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Security Brokerage And Stock Exchange Services Market?

The market share growth by the offline segment will be significant during the forecast period. Offline mode trading allows investors to work with experienced professionals and get personalized guidance based on their investment style and goals. In the offline mode, investors have access to a range of investment opportunities, including shares, bonds, and mutual funds.

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The offline segment was valued at USD 818.36 billion in 2017 and continued to grow until 2021. One of the main advantages of offline mode trading is the ability to negotiate the price of a security, which is not always possible through online trading. This can lead to better returns for investors who have a skillful broker to guide their decisions. Moreover, brokerages often offer comprehensive research and analysis tools to help investors make informed investment decisions. These security brokerage and stock exchange services can include technical analysis, financial modeling, and access to company reports. This access provides investors with a deep understanding of investment opportunities and allows them to make more informed choices. Such factors will increase the segment growth during the forecast period.

Which are the Key Regions for the Security Brokerage And Stock Exchange Services Market?

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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In this region, the security brokerage and stock exchange services market in North America is expected to witness significant growth during the forecast period. The region has a robust financial industry, advanced infrastructure, and a highly skilled workforce, making it an attractive destination for investors and businesses. Stock exchanges in North America, such as the New York Stock Exchange (NYSE) and the NASDAQ, are some of the most well-known and active in the around the globe. Such factors will drive the market growth in this region during the forecast period.

The COVID-19 pandemic had a negative impact on the regional security brokerage and stock exchange services market in 2022. However, in 2021, vaccination drives were initiated, which led to the reopening of several industries, including the stock trading industry and even offline trading platforms. As more individuals are getting vaccinated and the number of COVID-19 cases continues to decline, investors are becoming more confident in the stock markets. This increased confidence has led to a surge in trading activity, resulting in higher revenues for brokerage firms. Such factors are expected to propel the growth of the regional security brokerage and stock exchange services market during the forecast period.

Segment Overview

The security brokerage and stock exchange services market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Channel Outlook (USD Billion, 2017 - 2027)
- Offline
- Online

Type Outlook (USD Billion, 2017 - 2027)
- Derivatives and commodities brokerage
- Equities brokerage
- Bonds brokerage
- Stock exchanges
- Others

Region Outlook (USD Billion, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global security brokerage and stock exchange services market as a part of the global specialized consumer services market within the globally diversified consumer services market. The parent market, the global specialized consumer services market, covers revenue generated by consumer service providers, including residential services, home security services, legal services, personal services, renovation, and interior design services, consumer auction services, wedding services, and funeral services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Security Brokerage And Stock Exchange Services Market Scope
Report Coverage	Details
Page number	181
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 8.92%
Market growth 2023-2027	USD 690.6 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	8.45
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 35%
Key countries	US, China, Japan, India, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Ameriprise Financial Inc., Bank of America Corp., BSE Ltd., Euronext N.V., Hong Kong Exchanges and Clearing Ltd., Intercontinental Exchange Inc., JPMorgan Chase and Co., Morgan Stanley, Nasdaq Inc., National Stock Exchange of India Ltd., Raymond James Financial Inc., Shanghai Stock Exchange, State Street Corp., StoneX Group Inc., The Charles Schwab Corp., The Goldman Sachs Group Inc., The Northwestern Mutual Life Insurance Co., The Vanguard Group Inc., Wells Fargo and Co., and ICBC Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Security Brokerage And Stock Exchange Services Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global securities brokerage and stock exchange services market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global securities brokerage and stock exchange services market 2017 - 2021 ($ billion)

4.2 Channel Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Channel Segment 2017 - 2021 ($ billion)

4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Channel

6.1 Market segments
- Exhibit 30: Chart on Channel - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Channel - Market share 2022-2027 (%)

6.2 Comparison by Channel
- Exhibit 32: Chart on Comparison by Channel
- Exhibit 33: Data Table on Comparison by Channel

6.3 Offline - Market size and forecast 2022-2027
- Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

6.4 Online - Market size and forecast 2022-2027
- Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Channel
- Exhibit 42: Market opportunity by Channel ($ billion)
- Exhibit 43: Data Table on Market opportunity by Channel ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type

7.3 Derivatives and commodities brokerage - Market size and forecast 2022-2027
- Exhibit 48: Chart on Derivatives and commodities brokerage - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Data Table on Derivatives and commodities brokerage - Market size and forecast 2022-2027 ($ billion)
- Exhibit 50: Chart on Derivatives and commodities brokerage - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Derivatives and commodities brokerage - Year-over-year growth 2022-2027 (%)

7.4 Equities brokerage - Market size and forecast 2022-2027
- Exhibit 52: Chart on Equities brokerage - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Data Table on Equities brokerage - Market size and forecast 2022-2027 ($ billion)
- Exhibit 54: Chart on Equities brokerage - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Equities brokerage - Year-over-year growth 2022-2027 (%)

7.5 Bonds brokerage - Market size and forecast 2022-2027
- Exhibit 56: Chart on Bonds brokerage - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Data Table on Bonds brokerage - Market size and forecast 2022-2027 ($ billion)
- Exhibit 58: Chart on Bonds brokerage - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Bonds brokerage - Year-over-year growth 2022-2027 (%)

7.6 Stock exchanges - Market size and forecast 2022-2027
- Exhibit 60: Chart on Stock exchanges - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Data Table on Stock exchanges - Market size and forecast 2022-2027 ($ billion)
- Exhibit 62: Chart on Stock exchanges - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Stock exchanges - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by Type
- Exhibit 68: Market opportunity by Type ($ billion)
- Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027
- Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 UK - Market size and forecast 2022-2027
- Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.12 India - Market size and forecast 2022-2027
- Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ billion)
- Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 Ameriprise Financial Inc.
- Exhibit 123: Ameriprise Financial Inc. - Overview
- Exhibit 124: Ameriprise Financial Inc. - Business segments
- Exhibit 125: Ameriprise Financial Inc. - Key offerings
- Exhibit 126: Ameriprise Financial Inc. - Segment focus

12.4 Bank of America Corp.
- Exhibit 127: Bank of America Corp. - Overview
- Exhibit 128: Bank of America Corp. - Business segments
- Exhibit 129: Bank of America Corp. - Key news
- Exhibit 130: Bank of America Corp. - Key offerings
- Exhibit 131: Bank of America Corp. - Segment focus

12.5 Euronext N.V.
- Exhibit 132: Euronext N.V. - Overview
- Exhibit 133: Euronext N.V. - Product / Service
- Exhibit 134: Euronext N.V. - Key offerings

12.6 Hong Kong Exchanges and Clearing Ltd.
- Exhibit 135: Hong Kong Exchanges and Clearing Ltd. - Overview
- Exhibit 136: Hong Kong Exchanges and Clearing Ltd. - Business segments
- Exhibit 137: Hong Kong Exchanges and Clearing Ltd. - Key offerings
- Exhibit 138: Hong Kong Exchanges and Clearing Ltd. - Segment focus

12.7 ICBC Co. Ltd.
- Exhibit 139: ICBC Co. Ltd. - Overview
- Exhibit 140: ICBC Co. Ltd. - Business segments
- Exhibit 141: ICBC Co. Ltd. - Key offerings
- Exhibit 142: ICBC Co. Ltd. - Segment focus

12.8 Intercontinental Exchange Inc.
- Exhibit 143: Intercontinental Exchange Inc. - Overview
- Exhibit 144: Intercontinental Exchange Inc. - Business segments
- Exhibit 145: Intercontinental Exchange Inc. - Key offerings
- Exhibit 146: Intercontinental Exchange Inc. - Segment focus

12.9 JPMorgan Chase and Co.
- Exhibit 147: JPMorgan Chase and Co. - Overview
- Exhibit 148: JPMorgan Chase and Co. - Business segments
- Exhibit 149: JPMorgan Chase and Co. - Key offerings
- Exhibit 150: JPMorgan Chase and Co. - Segment focus

12.10 Morgan Stanley
- Exhibit 151: Morgan Stanley - Overview
- Exhibit 152: Morgan Stanley - Business segments
- Exhibit 153: Morgan Stanley - Key offerings
- Exhibit 154: Morgan Stanley - Segment focus

12.11 Raymond James Financial Inc.
- Exhibit 155: Raymond James Financial Inc. - Overview
- Exhibit 156: Raymond James Financial Inc. - Business segments
- Exhibit 157: Raymond James Financial Inc. - Key offerings
- Exhibit 158: Raymond James Financial Inc. - Segment focus

12.12 Shanghai Stock Exchange
- Exhibit 159: Shanghai Stock Exchange - Overview
- Exhibit 160: Shanghai Stock Exchange - Product / Service
- Exhibit 161: Shanghai Stock Exchange - Key offerings

12.13 State Street Corp.
- Exhibit 162: State Street Corp. - Overview
- Exhibit 163: State Street Corp. - Business segments
- Exhibit 164: State Street Corp. - Key offerings
- Exhibit 165: State Street Corp. - Segment focus

12.14 StoneX Group Inc.
- Exhibit 166: StoneX Group Inc. - Overview
- Exhibit 167: StoneX Group Inc. - Business segments
- Exhibit 168: StoneX Group Inc. - Key offerings
- Exhibit 169: StoneX Group Inc. - Segment focus

12.15 The Charles Schwab Corp.
- Exhibit 170: The Charles Schwab Corp. - Overview
- Exhibit 171: The Charles Schwab Corp. - Business segments
- Exhibit 172: The Charles Schwab Corp. - Key offerings
- Exhibit 173: The Charles Schwab Corp. - Segment focus

12.16 The Goldman Sachs Group Inc.
- Exhibit 174: The Goldman Sachs Group Inc. - Overview
- Exhibit 175: The Goldman Sachs Group Inc. - Business segments
- Exhibit 176: The Goldman Sachs Group Inc. - Key news
- Exhibit 177: The Goldman Sachs Group Inc. - Key offerings
- Exhibit 178: The Goldman Sachs Group Inc. - Segment focus

12.17 Wells Fargo and Co.
- Exhibit 179: Wells Fargo and Co. - Overview
- Exhibit 180: Wells Fargo and Co. - Business segments
- Exhibit 181: Wells Fargo and Co. - Key offerings
- Exhibit 182: Wells Fargo and Co. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 183: Inclusions checklist
- Exhibit 184: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 185: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 186: Research methodology
- Exhibit 187: Validation techniques employed for market sizing
- Exhibit 188: Information sources

13.5 List of abbreviations
- Exhibit 189: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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