Stock exchange operators profit directly from the trading volume on the financial markets. They earn from every transaction, regardless of whether the markets rise or fall, which gives them a certain crisis resistance. They also offer stable income through trading fees, data licenses and index products.
During my research for the $SPGI (+1,7 %) stock presentation, I came across London Stock Exchange when I wanted to know who was actually behind the FTSE indices.
I immediately imagined a fantastic narrative about LSEG, but after a superficial analysis and comparison with Deutsche Börse, I was disillusioned.
In summary, there is a lot to be said for $DB1 (+0,14 %)a solid business model, high profitability, attractive margins, strong market position in the EU and continuous growth, a real quality company.
What do you think?
