Financial Exchanges & Data
Financial Exchanges & Data is gaining market weight. Lost weight for 3 consecutive months.
Most of this industry's gains came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 95% of gross gains. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
May 2018 – Apr 2023 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| S&P Global → SPGI | Financial Exchanges & Data | United States | 0.372% | +0.061 pp | -2.8% | 0.0 |
| Nasdaq, Inc. → NDAQ | Financial Exchanges & Data | United States | 0.091% | +0.060 pp | +7.0% | 0.0 |
| Intercontinental Exchange → ICE | Financial Exchanges & Data | United States | 0.206% | -0.030 pp | -4.5% | 0.0 |
| Moody's Corporation → MCO | Financial Exchanges & Data | United States | 0.194% | -0.018 pp | -0.1% | 0.0 |
| CME Group → CME | Financial Exchanges & Data | United States | 0.042% | -0.011 pp | -11.1% | 0.0 |
| MSCI → MSCI | Financial Exchanges & Data | United States | 0.130% | +0.007 pp | +15.7% | 0.0 |
| Cboe Global Markets → CBOE | Financial Exchanges & Data | United States | 0.050% | +0.007 pp | +25.7% | 0.0 |
| FactSet → FDS | Financial Exchanges & Data | United States | 0.053% | -0.002 pp | +2.9% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Apr 2023 | 1.138% | -0.000 pp | -0.052 pp | +0.111 pp | +0.074 pp | -3.2% |
| Mar 2023 | 1.139% | -0.003 pp | -0.012 pp | +0.061 pp | +0.043 pp | -4.3% |
| Feb 2023 | 1.141% | -0.049 pp | -0.015 pp | +0.041 pp | +0.062 pp | -1.3% |
| Jan 2023 | 1.190% | +0.040 pp | +0.163 pp | +0.068 pp | +0.088 pp | -0.1% |
| Dec 2022 | 1.150% | -0.007 pp | +0.073 pp | +0.010 pp | -0.025 pp | -7.8% |
| Nov 2022 | 1.157% | +0.129 pp | +0.056 pp | +0.043 pp | +0.002 pp | -7.8% |
| Oct 2022 | 1.028% | -0.050 pp | -0.094 pp | -0.036 pp | -0.163 pp | -10.9% |
| Sep 2022 | 1.077% | -0.024 pp | -0.063 pp | -0.018 pp | -0.028 pp | -4.4% |
| Aug 2022 | 1.101% | -0.021 pp | -0.013 pp | +0.022 pp | -0.001 pp | -3.1% |
| Jul 2022 | 1.122% | -0.018 pp | +0.058 pp | +0.019 pp | +0.020 pp | -2.1% |
| Jun 2022 | 1.140% | +0.026 pp | +0.045 pp | -0.036 pp | +0.050 pp | -3.0% |
| May 2022 | 1.114% | +0.050 pp | +0.035 pp | -0.041 pp | +0.086 pp | -0.1% |
| Apr 2022 | 1.064% | -0.031 pp | -0.039 pp | -0.127 pp | +0.013 pp | +3.9% |
| Mar 2022 | 1.095% | +0.016 pp | -0.080 pp | -0.010 pp | +0.575 pp | +10.4% |
| Feb 2022 | 1.079% | -0.024 pp | -0.076 pp | -0.023 pp | +0.571 pp | +9.5% |
| Jan 2022 | 1.103% | -0.073 pp | -0.088 pp | +0.001 pp | +0.513 pp | +12.6% |
| Dec 2021 | 1.175% | +0.020 pp | +0.071 pp | +0.086 pp | +0.121 pp | +14.0% |
| Nov 2021 | 1.155% | -0.036 pp | +0.053 pp | +0.127 pp | +0.073 pp | +13.5% |
| Oct 2021 | 1.191% | +0.086 pp | +0.089 pp | +0.140 pp | +0.101 pp | +14.5% |
| Sep 2021 | 1.105% | +0.003 pp | +0.015 pp | +0.585 pp | +1.104 pp | +0.5% |
| Aug 2021 | 1.102% | +0.000 pp | +0.074 pp | +0.594 pp | +1.101 pp | +0.4% |
| Jul 2021 | 1.102% | +0.012 pp | +0.051 pp | +0.512 pp | +1.101 pp | -0.8% |
| Jun 2021 | 1.089% | +0.061 pp | +0.570 pp | +0.035 pp | +1.088 pp | -3.9% |
| May 2021 | 1.028% | -0.023 pp | +0.520 pp | -0.054 pp | +1.027 pp | -13.2% |
| Apr 2021 | 1.051% | +0.531 pp | +0.461 pp | -0.040 pp | -0.167 pp | -8.5% |
| Mar 2021 | 0.520% | +0.012 pp | -0.534 pp | +0.519 pp | +0.519 pp | -8.9% |
| Feb 2021 | 0.508% | -0.082 pp | -0.574 pp | +0.507 pp | +0.507 pp | -6.4% |
| Jan 2021 | 0.590% | -0.465 pp | -0.500 pp | +0.589 pp | -0.548 pp | -7.5% |
| Dec 2020 | 1.054% | -0.028 pp | +1.053 pp | +1.053 pp | +0.005 pp | +6.7% |
| Nov 2020 | 1.082% | -0.008 pp | +1.081 pp | +1.081 pp | +0.020 pp | +7.2% |
| Oct 2020 | 1.090% | +1.089 pp | +1.089 pp | -0.128 pp | +0.017 pp | +8.4% |
| Sep 2020 | 0.001% | -0.000 pp | -0.000 pp | +0.000 pp | -1.052 pp | +16.5% |
| Aug 2020 | 0.001% | +0.000 pp | -0.000 pp | +0.000 pp | -1.124 pp | +9.7% |
| Jul 2020 | 0.001% | -0.000 pp | -1.217 pp | -1.137 pp | -1.047 pp | +19.2% |
| Jun 2020 | 0.001% | -0.000 pp | +0.000 pp | -1.048 pp | -1.015 pp | +24.4% |
| May 2020 | 0.001% | -1.217 pp | +0.000 pp | -1.061 pp | -1.043 pp | +28.0% |
| Apr 2020 | 1.218% | +1.217 pp | +0.080 pp | +0.145 pp | +0.198 pp | +30.6% |
| Mar 2020 | 0.001% | +0.000 pp | -1.048 pp | -1.053 pp | -0.979 pp | +30.2% |
| Feb 2020 | 0.001% | -1.137 pp | -1.061 pp | -1.125 pp | -0.970 pp | +25.0% |
| Jan 2020 | 1.138% | +0.088 pp | +0.065 pp | +0.090 pp | +0.604 pp | +27.4% |
| Dec 2019 | 1.049% | -0.013 pp | -0.004 pp | +0.033 pp | +0.509 pp | +15.6% |
| Nov 2019 | 1.062% | -0.011 pp | -0.063 pp | +0.017 pp | +0.517 pp | +17.0% |
| Oct 2019 | 1.073% | +0.019 pp | +0.025 pp | +0.053 pp | +0.537 pp | +19.5% |
| Sep 2019 | 1.054% | -0.072 pp | +0.037 pp | +0.073 pp | +0.531 pp | +22.9% |
| Aug 2019 | 1.125% | +0.077 pp | +0.081 pp | +0.154 pp | +0.573 pp | +24.8% |
| Jul 2019 | 1.048% | +0.032 pp | +0.028 pp | +0.514 pp | +0.087 pp | +20.2% |
| Jun 2019 | 1.017% | -0.028 pp | +0.036 pp | +0.477 pp | +0.008 pp | +10.7% |
| May 2019 | 1.045% | +0.025 pp | +0.074 pp | +0.500 pp | +0.061 pp | +15.6% |
| Apr 2019 | 1.020% | +0.040 pp | +0.486 pp | +0.485 pp | +0.044 pp | +12.0% |
| Mar 2019 | 0.980% | +0.009 pp | +0.440 pp | +0.458 pp | +0.076 pp | +6.5% |
| Feb 2019 | 0.971% | +0.437 pp | +0.426 pp | +0.418 pp | +0.080 pp | +6.9% |
| Jan 2019 | 0.534% | -0.006 pp | -0.001 pp | -0.427 pp | -0.309 pp | +11.0% |
| Dec 2018 | 0.540% | -0.005 pp | +0.017 pp | -0.469 pp | -0.303 pp | +11.8% |
| Nov 2018 | 0.545% | +0.009 pp | -0.008 pp | -0.439 pp | -0.298 pp | +12.4% |
| Oct 2018 | 0.535% | +0.013 pp | -0.425 pp | -0.441 pp | -0.307 pp | +9.8% |
| Sep 2018 | 0.523% | -0.030 pp | -0.486 pp | -0.381 pp | -0.320 pp | +5.2% |
| Aug 2018 | 0.553% | -0.408 pp | -0.431 pp | -0.338 pp | -0.290 pp | +10.4% |
| Jul 2018 | 0.961% | -0.048 pp | -0.016 pp | +0.118 pp | +0.118 pp | +6.3% |
| Jun 2018 | 1.009% | +0.025 pp | +0.105 pp | +0.166 pp | +0.166 pp | +10.6% |
| May 2018 | 0.984% | +0.007 pp | +0.093 pp | +0.141 pp | +0.141 pp | +7.1% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.