Why optimism should be tempered

Ordinary performances of stock exchange firms across world fail to generate much investor value

Even as BSE’s initial public offering of shares breaks records and brings cheer, a critical question remains: How long will the party last? No clear answers, but ordinary financials of exchange firms listed abroad put sustainability in doubt. 

Today, the parent company of one of the oldest stock exchanges in the world faces merger with London Stock Exchange Group. Frankfurt Stock Exchange's Deutsche Börse AG has seen its net profits dwindle year after year since 2010; revenue growth has been flat. Three years ago, London Stock Exchange Group was weak, too, until aggressive product launching and tech push - steps needed