Euronext registers 2.5% drop in spot FX trading revenues in Q2 2019

Maria Nikolova

Spot FX trading generated €5.4 million of revenue in the second quarter of 2019, down 2.5% compared to the corresponding period a year earlier.

Euronext NV (EPA:ENX) has just reported its results for the second quarter of 2019, with revenues from spot FX trading activity marking a drop from the equivalent period a year earlier.

Euronext FX (formerly known as Fastmatch) recorded average daily volumes of $17.5 billion, down 18.5% compared to the second quarter of 2018. Spot FX trading generated €5.4 million of revenue in the second quarter of 2019, down 2.5% compared to the corresponding period a year earlier.

Across all segments, revenue marked a growth of 1.8%, reaching €159 million in the second quarter of 2019. Total revenue contribution of Oslo Børs VPS was €4.5 million, consolidated from June 14, 2019. In May 2019, Euronext launched an unconditional offer at NOK 158 plus a fixed interest payment of NOK 3.21 per share for all issued and outstanding shares in Oslo Børs VPS not already owned by Euronext.

Listing revenue was up 8.6% to €29.7 million driven by the strong performance of Euronext’s Corporate Services, and listing revenue from Oslo Børs VPS contributing €1 million. Cash trading revenue was down 5.9% to €50.7 million. Advanced Data Services revenue, however, increased by 5.2% to €30.9 million, on the back of good performance of indices business.

Custody, Settlement and other post-trade revenue was up 38.8% to €7.7 million mainly due to the post-trade CSD revenue from Oslo Børs VPS contributing €2.1 million.

EBITDA grew 12.0% to €98.1 million in the second quarter of 2019. Net income fell 4.4% to €53.4 million.

Read this next

Retail FX

Financial Commission adds FX broker Bold Prime to membership roster

The Financial Commission today announced that it has added Bold Prime to its member roster, which is made up of online brokerages operating in FX, derivatives and cryptocurrency markets.

Digital Assets

Despite crypto winter, Cake DeFi paid out $58 million in Q2 rewards

According to its latest ‘Transparency Report,’ Cake DeFi continued its growth trajectory in the three months through June 2022, even as the entire crypto industry experienced macro challenges this quarter.

Retail FX

SimpleFX Review: Cryptos, Spreads, Pros & Cons

SimpleFX combines years of Forex and cryptocurrency experience with a focus on offering resources to retail traders. 

Retail FX

Ironbeam becomes CME clearing member and launches MT5

“The direct clearing aspect along with our low-latency proprietary trading tools and technology solutions make Ironbeam the ideal trading destination.”

Institutional FX

Top 0.07%: oneZero makes it to Inc. 5000 of fastest growing companies in America

oneZero started out by serving the foreign exchange trading community, developing and executing technology that could scale with the growth of the FX market.

Industry News

CFTC wins case against broker for secretly taking other side of client orders in block trades

“As we said at the outset of this case, the illegal use of inside or confidential information undermines confidence in markets and will not be tolerated.”


BankiFi raises $4.8m to bring embedded banking platform to North America

“Our mission is to make all aspects of cash management and payments easier for SMBs everywhere, and this investment is another huge step to making that a reality.”

Executive Moves

Shieldpay hires ex-Payoneer Chris Andrews as Head of Sales

“We’ll be expanding our position in existing markets and accelerating growth into new verticals, whilst building on our direct and indirect channels.”

Digital Assets secures preliminary approval to operate in Canada, one of the longest-established crypto platforms, has become the first digital asset platform to sign a Pre-‘Registration Undertaking’ with the Ontario Securities Commission (OSC) in Canada.