Euronext reports $521 billion in monthly FX volume for March
Pan-European exchange, Euronext has reported a 10 percent increase in the average daily volume on its spot foreign exchange market. The ADV figure stood at $22.66 billion in March 2023, which is up from January’s $20.61 billion.
Taking a year-over-year perspective, Euronext’s currency turnover was down 13 percent from $24.5 billion reported back in March 2022.
In terms of its aggregated monthly turnover, Euronext FX reported $521 billion, which is up 26 percent from $412 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 was up by 30 percent. The figure was reported at 17.26 million contracts a day in March compared to 13.22 million in February. It was down 12 percent when weighed against 2022’s turnover of 19.65 million contacts.
Earlier in March, Euronext rolled out the World Trade Center (WTC) Lisboa International Academy by ELITE, the Euronext network dedicated to fast-growing private companies, in Portugal, as a part of Euronext’s commitment to SMEs.
WTC Lisboa International Academy by ELITE is a programme leveraging over ten years of international experience in supporting private small and medium-sized companies to access skills, network and capital.
Euronext confirmed the attractiveness of its primary markets activity in 2022, remaining the leading venue for equity listing in Europe and debt listing worldwide. The company operates listing venues in Amsterdam, Brussels, Dublin, Lisbon, Oslo, Milan and Paris, and is home to 1,900+ equity issuers, worth €6.4 trillion in aggregated market capitalization. As of today, Euronext is by far the largest stock market operator in Europe in terms of aggregated market capitalization. Additionally, 25% of the shares traded in Europe are traded on Euronext markets.
Full year 2022’s underlying revenue came in at €1.46 billion, up 9.3 percent from €1.14 billion the previous year, illustrating the strong performance of non-volume related business and enhanced revenue capture.
Trading revenue in 2022 was higher by 10 percent on a yearly basis at €541 million, primarily driven by strong performance of FX and power trading volumes. The softer cash trading volumes from the second semester of 2022 were offset by yield management and an uptick in market share from October 2022.
