Financial services analyst firm Keefe, Bruyette & Woods Inc. recently studied corporate governance and executive compensation in the exchange world in a report titled, “Big Deals, Big Growth – Big Payouts.”
The KBW study noted that the sector outperformed the S&P 500 and financials in 2013, and earnings growth and M&A activity drove executive compensation higher after declining in 2012.
The report anticipated further compensation increases in 2014.
Average executive compensation rose a median 32% in 2013 at exchanges compared to falling 10% in 2012 noted the report.
The report also pointed out that Taper Talk helped boost volatility, trading activity, and earnings while ICE’s acquisition of NYSE Euronext and KCG’s reverse merger drove one-time comp grants lifting median compensation.
Below are the 10 highest paid CEOs in the exchange and order execution space for fiscal year 2013 as reported by KBW.