3 Exchange Stocks With Data And Clearing Fees Investors Should Watch

Markets are being reshaped in real time as fresh regulatory policies collide with shifting geopolitics, and the stocks exposed to that news event are feeling it first. This is where large exchange and market infrastructure providers can either benefit or get squeezed. If you care about where trading, data, and clearing fees might flow next, this article walks through three screened large caps that appear positively exposed to this changing rulebook.

The stocks highlighted below are only a small starter set from this idea. The full screen pulled out 36 more large-cap exchange and market infrastructure providers with equally compelling stories that are not covered here.

If you want to identify potential leaders and analyze fee engines across trading, listings, data, and clearing in one place, head straight to the Global Large-Cap Diversified Exchanges and Market Infrastructure Providers screener.

B3 - Brasil Bolsa Balcão (BOVESPA:B3SA3)

B3 is the flagship exchange in this screener because it concentrates much of Brazil’s listed trading, clearing, and data activity in one market infrastructure hub.

B3 runs Brazil’s main securities venue across equities, derivatives, OTC trading, clearing, and depository services, with fee income anchored in its Markets segment at about R$7.1b, plus R$1.8b from Technology and Platforms, R$1.1b from Data Analytics Solutions, and R$686 million from Capital Markets Solutions, on a market value of roughly R$116.5b.

"The strong expansion in data, analytics and technology solutions, including Trillia, Shipay and Trademate, relies heavily on continued demand from credit, insurance and loss prevention clients."

What happens to B3’s earnings power if that single, data-heavy part of the business grows faster than traders and issuers expect?

That hinges on how much of B3’s engine is already priced into expectations. This is exactly what the full narrative for B3 - Brasil Bolsa Balcão unpacks with accelerating data and fee scenarios.

Bolsa Mexicana de Valores. de (BMV:BOLSA A)

Bolsa Mexicana de Valores. de is Mexico’s primary exchange group in this large-cap market infrastructure screen, running equity, derivatives, OTC trading, clearing, custody, and data services that generated about MX$1.5b from custody, MX$1.2b from Others, MX$831 million from information, and MX$591 million from cash equities on a roughly MX$21.1b market value.

For investors tracking how new rules and cross-border flows reshape trading venues, Bolsa Mexicana de Valores. de offers a view of how a single hub can turn higher activity into a mix of transaction, post trade, and data fees.

"Rapidly growing financial literacy and rising middle class wealth in Mexico, combined with the democratization of low-fee trading and data access for retail investors, sets the stage for rising local retail participation; this dynamic could affect both transactional revenues and platform data services over time."

A key factor is how pressure on the business model reshapes what eventually happens to its fee margins.

That fee pressure is only half the story, and the full narrative for Bolsa Mexicana de Valores. de lays out how rising retail activity and data demand could accelerate or reshape Bolsa Mexicana de Valores de’s trajectory.

TMX Group (TSX:X)

TMX Group is the pure-play exchange and clearing heavyweight in this screen, tying together listings, trading, data, and post trade plumbing in a single large cap platform that regulators, banks, and energy traders increasingly rely on as rules and cross border flows keep shifting.

TMX Group runs exchanges and clearinghouses across equities, derivatives, and fixed income, with Global Insights contributing about CA$755 million, Derivatives Trading & Clearing CA$465 million, Capital Formation CA$327 million, and Equities and Fixed Income Trading & Clearing CA$308 million, on a roughly CA$14.6 billion market value.

"Trayport sits at the center of European power and gas trading; as electricity demand rises, driven by AI data centers, electrification, and renewable integration, volatility and hedging needs increase, leading to more trading activity and higher demand for Trayport’s software and data."

What matters next for TMX Group is how one underappreciated pressure around its fee mix shapes both resilience and pricing power.

That fee mix pressure is exactly where the full narrative for TMX Group shows how TMX Group’s data and clearing engines could quietly be accelerating beyond what headline trading volumes suggest.

Curious About Alternative Market Leaders

Fresh themes can gain momentum quickly, and the strongest ideas rarely stay under the radar for long. Scan these curated stock lists before the next potential breakout passes you by.

• Identify dividend engines built for durability and income resilience by scanning the 158 dividend fortresses before yields adjust under renewed demand.
• Follow real-economy trends by reviewing the 16 top copper producer stocks while industrial demand stories remain less widely followed.
• Monitor structural demand for grid upgrades and electrification by reviewing the 39 power grid technology and infrastructure stocks while valuations still reflect earlier assumptions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com