An AI gold rush is forming around possible trillion dollar IPOs for Anthropic and OpenAI, with memories of SpaceX’s huge market debut still fresh. That kind of listing activity can funnel liquidity, new wealth, and fresh trading demand into the financial system. This piece looks at three large investment banks and trading platforms exposed to that story, and explains why each stock could either benefit or disappoint as the trend unfolds.
The three stocks covered next are a small sample of what this AI IPO story touches, and the full screen on Simply Wall St surfaced 30 more large investment banks, brokerages, and trading venues with equally compelling narratives that are not unpacked here. To size up that broader universe and identify which giants you want on your watchlist, head straight into the Global Investment Banks, Brokerages & Trading Venues screener.
Bolsa Mexicana de Valores. de (BMV:BOLSA A)
Bolsa Mexicana de Valores. de is the pure trading venue in this group, running Mexico’s main stock and derivatives exchanges along with clearing, custody and data services that sit right in the flow of any future big tech and AI related listing wave.
Bolsa Mexicana de Valores. de runs Mexico’s main securities markets, earning roughly MX$1.5b from custody, MX$1.2b from “other” services, MX$0.8b from information products, MX$0.7b from OTC trading and MX$0.6b from cash equities, and carries a market value near MX$20.6b.
"The planned launch of a CCP for repos by the end of 2026, targeting an estimated daily repo market of about US$100b, gives Bolsa Mexicana de Valores a separate growth path in collateralised funding that could add a new layer of fee based clearing revenues and support earnings beyond what equity trading alone can provide."
What happens if a single cost and technology assumption around that buildout shifts even slightly will matter a lot for future profitability.
If that sensitivity to costs worries you or intrigues you, the full narrative for Bolsa Mexicana de Valores. de shows how those repo ambitions, fee mix, and AI listings could interact.
London Stock Exchange Group (LSE:LSEG)
London Stock Exchange Group is the clearest pure play in this screener on the infrastructure that could carry a wave of mega-cap AI listings, since its business stretches from trading venues to data, indices and risk tools that large issuers and investors rely on.
London Stock Exchange Group runs trading venues, clearing and data platforms that fit the screener’s focus on large market infrastructure, earning about £4.4b from core Data & Analytics, £3.7b from Markets, £1.0b from FTSE Russell and £0.6b from Risk Intelligence, with a market value near £42.1b.
"The accelerated rollout of new AI-driven analytics tools, the integration of Workspace with Microsoft Teams and Office, and the transition to cloud-based and usage-based data delivery position LSEG to monetize the ongoing explosion in demand for real-time data, advanced analytics, and digital workflows. This supports recurring revenue acceleration and operating leverage."
What happens if one quiet shift in how institutions pay for that data and tooling changes faster than expected could be crucial for future margins.
If that shift is what you care about, the full narrative for London Stock Exchange Group maps how data economics, AI tooling and listing flows could be accelerating or quietly stalling margins.
Tel-Aviv Stock Exchange (TASE:TASE)
Tel-Aviv Stock Exchange gives this screener direct exposure to how Israel channels savings and new tech listings into its equity and derivatives markets. This can matter if AI related IPO activity abroad nudges more issuers and investors to use its trading and clearing rails.
Tel-Aviv Stock Exchange runs Israel’s main equity, bond, ETF and derivatives marketplace. It earns about ₪665 million from trading and clearing transactions in securities, all sourced in Israel, on a market value of roughly ₪13.9b.
"The shift to a Monday through Friday trading week is increasing access for global participants, which is already linked with higher foreign investor activity and higher average daily volumes. This supports trading and clearing commission revenue and the scalability of earnings."
What happens if one key assumption about how much international issuance and index demand feeds into those volumes shifts even slightly will be critical for returns.
That hinge point is exactly where the full narrative for Tel-Aviv Stock Exchange shows whether Tel-Aviv Stock Exchange is quietly accelerating, stalling, or being mispriced by global investors.
Seeking Fresh Alternatives Before They Fly
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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