Qontigo’s licensing fees up, Stoxx retains Europe’s lead

Despite unfavourable market conditions, the German group achieved secular net revenue growth of four percent, benefiting in particular from growth initiatives in financial derivatives, a rise in volumes in investment fund services (IFS), and an increased custody business in the post-trading segment. Qontigo, the group’s index and analytics business, which was created in 2019 through the combination of Axioma, Dax and Stoxx , posted a net revenue of €54.1m in the quarter (Q3 2019: &e