Capital Markets Financial Models
Market turbulence can increase trading fees even as falling asset prices reduce other revenue. A quiet issuance market can also weaken ratings income without reducing demand for data subscriptions. Capital markets forecasts need separate assumptions for each source of market activity.

Charles Schwab
The Charles Schwab Corporation (SCHW) is a leading American financial services firm providing wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.

Raymond James Financial
Raymond James Financial is a diversified financial services company providing wealth management, investment banking, asset management, and commercial banking services.

S&P Global
S&P Global is a leading provider of credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets.

Intercontinental Exchange
Intercontinental Exchange (ICE) is a leading global provider of market infrastructure, data services, and technology solutions to a broad range of customers including financial institutions, corporations, and government entities.

Nasdaq
Nasdaq is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators.

Moody's
Moody's Corporation is a global integrated risk assessment firm that provides credit ratings, research, data, and analytical tools to financial markets.

CME Group
CME Group operates the world's leading derivatives marketplace, enabling clients to trade futures, options, cash, and over-the-counter products through an electronic trading platform and central clearing house.

Cboe Global Markets
Cboe Global Markets is a leading provider of market infrastructure and tradable products, operating derivatives and securities exchange networks globally.

Coinbase
Coinbase operates a financial technology platform providing end-to-end financial infrastructure for the cryptoeconomy, allowing retail users, institutions, and ecosystem partners to trade, stake, store, and transfer crypto assets.

MSCI
MSCI is a leading global provider of critical decision support tools and services for the investment community, offering indexes, portfolio construction and risk management tools, and sustainability data.

FactSet
FactSet provides financial data, analytics, and open technology platforms to global investment professionals, including asset managers, wealth managers, and investment banks.

Robinhood Markets
Robinhood Markets operates a financial services platform that pioneered commission-free stock, options, and cryptocurrency trading for retail investors, generating revenue from order flow, net interest, and subscriptions.

Interactive Brokers
Interactive Brokers Group, Inc.

