Euronext reports lower FX volumes for February 2024

abdelaziz Fathi

Pan-European exchange, Euronext has reported a mild decrease in the average daily volume on its spot foreign exchange market. The figure stood at $23.6 billion in February, which is lower 5.3 percent than January’s ADV of $24.9 billion.

Taking a year-over-year perspective, Euronext’s total currency turnover was higher by 15 percent from $20.6 billion reported back in February 2023.

In terms of its aggregated monthly turnover, Euronext FX reported $496 billion, which is down 9 percent from $548 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 rose by 7.3 percent. The figure was reported at 13.6 million contracts a day in February compared to 12.7 million in January. Additionally, it was higher by 3 percent when weighed against 2023’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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