Euronext reports +20% jump in derivatives volumes
Pan-European exchange, Euronext has reported a 6.4 percent increase in the average daily volume on its spot foreign exchange market. The figure stood at $23.95 billion in September, which is up from August’s $22.5 billion.
Taking a year-over-year perspective, Euronext’s total currency turnover was slightly lower from $24.2 billion reported back in September 2022.
In terms of its aggregated monthly turnover, Euronext FX reported $503 billion, which is down by 2.8 percent from $517 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 jumped by more than 20 percent. The figure was reported at 14.7 million contracts a day in September compared to 12.18 million in August. However, it was virtually unchanged when weighed against 2022’s turnover.
In Q2 2023, Euronext reported total revenue and income of €368.1 million, down 1.8% compared to Q2 2022. However, on a like-for-like basis at constant currencies, the decline was milder at 0.5%. The company’s non-volume-related business played a crucial role in offsetting the impact of lower trading volumes, accounting for 61% of Q2 2023 revenue, up from 59% in the same period last year.
On the FX business front, Euronext reported an average daily volume on its spot foreign exchange market at $21.6 billion for Q2 2023, down 45.7 percent compared to a year ago. The spot foreign exchange division yielded €6.1 million in revenues, down 8.6 percent from €7.3 million in Q2 2022.
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.