Euronext FX trading rise by third YoY, derivatives nosedive

abdelaziz Fathi

Pan-European exchange, Euronext has reported a slight increase in the average daily volume on its spot foreign exchange market. The figure stood at $24.4 billion in December, which is higher from November’s ADV.

Taking a year-over-year perspective, Euronext’s total currency turnover was higher by 36.5 percent from $18 billion reported back in December 2022.

In terms of its aggregated monthly turnover, Euronext FX reported $489 billion, which is down 8.5 percent from $535 billion that changed hands in the previous month.

Euronext, which operates stock and derivatives markets in countries such as France, the Netherlands and Belgium, also said its total derivatives trading dropped by 21 percent. The figure was reported at 10.5 million contracts a day in December compared to 13.3 million in November. Additionally, it was down by more than 4 percent when weighed against 2022’s turnover.

Euronext has recently made strides in advancing the shift toward sustainable finance by introducing a range of strategic ESG (Environmental, Social, and Governance) initiatives. These initiatives were unveiled as part of the inaugural Euronext Sustainability Week, reflecting the exchange operator’s dedication to sustainable finance and its efforts to drive positive change within the industry.

At the heart of Euronext’s commitment to sustainable finance lies its dedication to assisting issuers throughout their ESG (Environmental, Social, and Governance) journey. In a notable move, Euronext has unveiled the “My ESG Profile,” an innovative digital tool.

This tool helps issuers highlight their sustainability efforts while providing investors with access to relevant ESG data. Euronext is set to showcase nearly 1,900 ESG company profiles, setting a precedent as the first stock exchange to offer standardized non-financial data from its issuers directly on its website.

Issuers can promote their profiles through Euronext’s customer portal, whilst offering greater transparency in financial markets and ensuring broader access to reliable ESG data.

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