Financial Exchanges & Data
Financial Exchanges & Data is losing market weight. Lost weight for 1 consecutive month.
Most of this industry's losses 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 78% of gross losses. 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
Oct 2019 – Sep 2024 · 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 |
|---|---|---|---|---|---|---|
| MSCI → MSCI | Financial Exchanges & Data | United States | 0.107% | -0.029 pp | +14.9% | 0.0 |
| Nasdaq, Inc. → NDAQ | Financial Exchanges & Data | United States | 0.098% | +0.018 pp | +52.5% | 0.0 |
| FactSet → FDS | Financial Exchanges & Data | United States | 0.041% | -0.015 pp | +6.2% | 0.0 |
| S&P Global → SPGI | Financial Exchanges & Data | United States | 0.356% | -0.011 pp | +42.5% | 0.0 |
| CME Group → CME | Financial Exchanges & Data | United States | 0.034% | -0.010 pp | +15.4% | 0.0 |
| Intercontinental Exchange → ICE | Financial Exchanges & Data | United States | 0.215% | +0.009 pp | +47.9% | 0.0 |
| Moody's Corporation → MCO | Financial Exchanges & Data | United States | 0.201% | +0.007 pp | +51.4% | 0.0 |
| Cboe Global Markets → CBOE | Financial Exchanges & Data | United States | 0.050% | -0.005 pp | +32.7% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Sep 2024 | 1.101% | -0.041 pp | +0.339 pp | -0.032 pp | -0.036 pp | +5.7% |
| Aug 2024 | 1.142% | +0.348 pp | +0.385 pp | -0.019 pp | -0.006 pp | +6.6% |
| Jul 2024 | 0.794% | +0.031 pp | -0.320 pp | -0.428 pp | +0.008 pp | +5.4% |
| Jun 2024 | 0.763% | +0.005 pp | -0.370 pp | -0.449 pp | -0.054 pp | -2.8% |
| May 2024 | 0.757% | -0.357 pp | -0.403 pp | -0.430 pp | -0.069 pp | -3.6% |
| Apr 2024 | 1.114% | -0.019 pp | -0.108 pp | -0.012 pp | -0.024 pp | -1.8% |
| Mar 2024 | 1.133% | -0.028 pp | -0.079 pp | -0.005 pp | -0.006 pp | -0.1% |
| Feb 2024 | 1.161% | -0.061 pp | -0.027 pp | +0.012 pp | +0.019 pp | +1.8% |
| Jan 2024 | 1.222% | +0.010 pp | +0.095 pp | +0.436 pp | +0.031 pp | +4.3% |
| Dec 2023 | 1.212% | +0.024 pp | +0.074 pp | +0.395 pp | +0.062 pp | +5.0% |
| Nov 2023 | 1.188% | +0.061 pp | +0.040 pp | +0.362 pp | +0.031 pp | +1.1% |
| Oct 2023 | 1.126% | -0.011 pp | +0.341 pp | -0.012 pp | +0.099 pp | -1.3% |
| Sep 2023 | 1.137% | -0.011 pp | +0.321 pp | -0.001 pp | +0.060 pp | -0.9% |
| Aug 2023 | 1.148% | +0.362 pp | +0.322 pp | +0.007 pp | +0.047 pp | -1.4% |
| Jul 2023 | 0.786% | -0.031 pp | -0.352 pp | -0.405 pp | -0.336 pp | -4.9% |
| Jun 2023 | 0.817% | -0.010 pp | -0.322 pp | -0.333 pp | -0.323 pp | +0.1% |
| May 2023 | 0.826% | -0.312 pp | -0.315 pp | -0.331 pp | -0.287 pp | +3.4% |
| 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% |
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.