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Euronext FastMatch average daily volume up 5% MoM in January


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FastMatch Euronext FX volumes

Euronext, the pan-European exchange in the Eurozone, has announced trading volumes for January 2019. Apart from FastMatch ADV monthly rise, a drop in the total volumes can be seen in the first month of the year.

Just a few days ago, after revealing its determination to acquire Oslo Børs VPS, the exchange announced the successful migration of the 53 companies currently listed on Euronext Dublin to Euronext’s proprietary trading platform, Optiq.

The transition completes the equity migration from the Irish Stock Exchange plc to Euronext Dublin.

Cash trading

The average daily transaction value on the Euronext cash order book dropped with 16% to €6,708.1 million, YoY and down 15.1% MoM.

The average daily transaction value on the ETF order book also plunged with 28% YoY to €205 million, down 19.4% MoM. At the end of January 2019, 1,168 ETFs were listed on Euronext compared to 1,150 at the end of Deccember 2018.

Derivatives trading

In January 2019, the overall average daily volume on derivatives was down 6.7% (523,542 contracts) YoY and dropped 20% MoM:

  • the average daily volume on equity index derivatives reached 214,202 contracts, up +7.3% compared to January 2018 and down -25.0% from the previous month,
  • the average daily volume on individual equity derivatives reached 268,304 contracts, down -14.4% compared to January 2018 and down -18.2% from the previous month,
  • the average daily volume on commodity derivatives reached 41,036 contracts, down -14.5% compared to January 2018 and up +8.2% from the previous month.
    At the end of January 2019, the open interest was flat at 16,720,087 contracts (-0.6% compared to the end of January 2018).

FX spot trading

In January 2019, the average daily volume on the spot foreign exchange market of FastMatch, operating as a Euronext company since August 2017, stood at $20,050 million, down 3.5% YoY, but rose with 4.9% MoM.

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Euronext FastMatch average daily volume up 5% MoM in January

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