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Brookfield Asset Management Stock And 2 Trading Platform Shares Worth A Closer Look

Simply Wall St · 2d ago

Global exchange and market infrastructure stocks sit at the crossroads of geopolitics, regulation, and capital flows, which are all in sharp focus as governments revisit trading rules, review market stability frameworks, and weigh new policies that could affect commodities, cross border investment, and corporate earnings. For investors, these shifts can change how money moves, how risk is priced, and which markets attract trading volumes. This article walks through 3 stocks from a Global Exchange and Market Infrastructure Operators screener that appear positively exposed to the current news cycle. The goal is to help you decide whether they deserve a closer look or a place on your watchlist.

NZX (NZSE:NZX)

Overview: NZX operates the main stock exchange in New Zealand, running trading, clearing and settlement services, as well as providing market data, index products, funds management and wealth administration platforms for investors and issuers. Its business spans equities, derivatives, dairy analytics and KiwiSaver and ETF products, all built around keeping New Zealand’s capital markets functioning.

Operations: NZX generates most of its revenue from Funds Services at about NZ$51.8 million, followed by Secondary Markets at about NZ$23.9 million, Capital Markets Origination at about NZ$16.7 million and Information Services at about NZ$20.2 million, with activity concentrated in New Zealand at roughly NZ$106.1 million of revenue.

Market Cap: NZ$492.2 million

Geopolitical tensions and shifting regulation put NZX in the spotlight because it runs core market infrastructure that can benefit when investors care more about transparency, liquidity and robust trading and clearing. The company has growing fee streams from Smartshares and Wealth Technologies, as well as newer products such as NZX Dark and refreshed index futures. These may help support earnings even if equity issuance is patchy. At the same time, a relatively high P/E, pressure on net margins and a dividend that is not fully covered by earnings mean investors may need to weigh quality income and solid market positioning against valuation and funding risks. Investors watching how New Zealand’s capital market rules evolve may find NZX worth closer attention.

NZX’s fee engines in funds and wealth are growing in importance, yet a relatively high P/E and uncovered dividend keep the story finely balanced. As a result, the 1 key reward and 1 important warning sign could reveal what the headline numbers might be masking.

NZSE:NZX P/E Ratio as at Jul 2026
NZSE:NZX P/E Ratio as at Jul 2026

Brookfield Asset Management (TSX:BAM)

Overview: Brookfield Asset Management is a global alternative asset manager that invests primarily in real assets such as real estate, infrastructure, renewable power, private equity and credit, running funds and mandates for institutions, pension plans, sovereign wealth funds and high net worth clients. It structures these investments through listed partnerships, private funds and co investments, using in house and external research to select and manage long term projects.

Operations: Brookfield generates most of its revenue from Credit at about US$1.7b, Real Estate at about US$1.0b and Infrastructure at about US$1.0b, with additional contributions from Energy at about US$721m and Private Equity at about US$467m.

Market Cap: CA$108.1b

Brookfield Asset Management sits at the intersection of several themes that matter when geopolitics, energy security and capital flows are all in the headlines. Its fee based platform is tied to long duration assets in infrastructure, renewables, credit and AI related data center power. This also comes with a relatively rich P/E, funding entirely from external borrowing, and a dividend that is not well covered by earnings or free cash flow. For investors watching how new regulations, energy policy and AI infrastructure spending reshape global markets, Brookfield offers scale and diversification that few can match. It also presents clear risks around valuation, income reliability and balance sheet structure that deserve closer examination before taking a view.

Brookfield Asset Management’s fee engine in real assets and AI related infrastructure is powerful. However, a closer look at valuation, income coverage and leverage could reshape your view, so review the analysis report for Brookfield Asset Management

TSX:BAM P/E Ratio as at Jul 2026
TSX:BAM P/E Ratio as at Jul 2026

CMC Markets (LSE:CMCX)

Overview: CMC Markets operates an online trading and investing platform that lets clients access contracts for difference, financial spread betting and stockbroking across shares, indices, FX, commodities and treasuries in the UK, Australia and other markets, serving both retail and institutional customers.

Operations: CMC Markets generates most of its revenue from Trading at about £319.6 million, with Investing contributing about £70.1 million, across the UK at about £133.4 million, Australia at about £115.2 million and other countries at about £144.0 million.

Market Cap: £1.9b

CMC Markets sits squarely in the flow of global trading activity, which can matter when geopolitical tensions, energy security and policy changes keep markets active. The company is pushing into digital assets and 24/7, multi asset trading, while growing B2B partnerships and aiming for higher net operating income. This is backed by reported profitability with a 19.1% net margin and recent earnings growth that has outpaced the UK market and Capital Markets peers. At the same time, a relatively high P/E, full pricing versus some cash flow estimates, funding entirely from external borrowing, and reliance on volatile trading volumes mean the risk side of the ledger is significant. The balance between these growth ambitions and these constraints is a key consideration in assessing CMC Markets.

CMC Markets’ push into 24/7 multi asset trading and B2B deals could be masking how its earnings profile is really shifting, so review the analyst forecasts for CMC Markets to see what the market might be missing

LSE:CMCX P/E Ratio as at Jul 2026
LSE:CMCX P/E Ratio as at Jul 2026

The three stocks covered here are only a starting point, as the full screener surfaced 21 more large exchange and market infrastructure companies with equally compelling stories that may align with how you see geopolitical risk, capital flows and market transparency. If you want to identify and analyze the highest conviction ideas around strong balance sheets, fee based earnings and durable market roles, jump into the Global Exchange and Market Infrastructure Operators screener to filter for the exact catalysts and narratives that matter to you.

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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.