奥纬咨询：2026年全球金融市场基础设施报告：回归本源 面向未来-行业头部企业核心趋势与战略要务（英文版）

Between 2020 and 2025, the Financial Market Infrastructure (FMI) sector grew at an impressive compound annual growth rate (CAGR) of about 15%, expanding to $131 billion revenue by the end of the five years. The surge was driven by volatility and secular growth across most asset classes, the deepening of capital markets, increased retail participation, financialization of physical asset classes, and continued demand for risk management. The cash generated from these highly profitable,