Euronext reports double-digit growth in FX volume

abdelaziz Fathi

Pan-European exchange, Euronext has reported a 10 percent rebound in the average daily volume on its spot foreign exchange market. The ADV figure stood at $19.6 billion in January 2022, which is up from December’s $18 billion.

Taking a year-over-year perspective, Euronext’s currency turnover was down 12 percent from $22.3 billion reported back in January 2022.

In terms of its aggregated monthly turnover, Euronext FX reported $432 billion, which is up from $394 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 higher by 26 percent. The figure was reported at 13.75 million contracts a day in January compared to 10.9 million in the month prior. It was down -20 percent when weighed against 2021’s turnover of 17.11 million contacts.

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 capitalisation. As of today, Euronext is by far the largest stock market operator in Europe in terms of aggregated market capitalisation. Additionally, 25% of the shares traded in Europe are traded on Euronext markets.

Trading revenue in Q3 2022 was, however, lower by 6 percent on a yearly basis to €118 million, primarily driven by lower cash equity and MTS Cash volumes. The drop was partially offset by yield management and strong quarters for FX, derivatives and power trading.

Meanwhile, post-trade revenue grew 3.7 percent to €86.2 million thanks to the strong performance of the clearing activities of its Italian units. In addition, custody and settlement revenue scored a mild increase to €57.1 million even though the Nordic CSDs was less dynamic reflecting notably normalised levels of retail activity.

Read this next

Retail FX

From Backtesting to Arbitrage: Practical Applications of AI in the World of Retail Trading

In this article, the industry leaders delve into the transformative role of AI in trading.

Digital Assets

FTX claim value soars to 92%, creditor sued for reneging on $58M deal

Attestor Capital, a London-based investment firm holding significant FTX bankruptcy claims, has initiated legal action against a Panamanian company called Lemma Technologies.

Digital Assets

OKX to remove Tether trading pairs ahead of MiCA

OKX, the world’s fourth-largest cryptocurrency exchange by trading volume, is discontinuing support for tether (USDT) trading pairs in the European Economic Area (EEA).

Digital Assets

Changpeng Zhao is back with new project post-Binance era

Changpeng Zhao, the founder and former CEO of Binance, hinted at a new educational project on Monday.

Digital Assets

IcomTech owners convicted in crypto Ponzi scheme

A New York jury has found David Brend and Gustavo Rodriguez, former promoters of the crypto mining and trading company IcomTech, guilty of wire fraud conspiracy.

Fundamental Analysis

Global FX Market Summary: USD, Gold, FOMC, March 18th ,2024

Central banks take center stage this week with the FOMC meeting being the most anticipated as its decisions could impact currencies and gold prices.

Technical Analysis

EURUSD Technical Analysis Report 18 March, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0850 (former minor resistance from the end of February).

Executive Moves

NAGA founder Ben Bilski steps down following Capex.com acquisition

Ben Bilski, German tech entrepreneur and founder of NAGA Group, has parted ways with the company, stepping down from his executive role as Chief Information Officer.

Fintech

Barchart integrates Bid, Offer, and Hedge management into cmdtyView

Streamlining operations for commodity merchandisers, traders, brokers, and analysts, the integrated Bid, Offer, and Hedge management within cmdtyView, Barchart further positions its trading platform as a central hub.

<