Euronext FX spot trading volume down 14% MoM


Euronext

Euronext, the pan-European exchange in the Eurozone, has announced on Wednesday its trading volumes for September 2019. Following the completion of the acquisition of Oslo Børs VPS, below figures include all Oslo activity from July 2019.

Cash trading

The average daily transaction value on the Euronext cash order book stood at €8,732 million last month, a 6.3% YoY drop, but up 10.2% MoM.

The average daily transaction value on the ETF order book was €206 million, down 4% YoY and a 24% drop MoM. At the end of September 2019, 1,222 ETFs were listed on Euronext compared to 1,150 at the end of December 2018.

Derivatives trading

In September 2019, the overall average daily volume on derivatives reached 611,750 contracts, down 1.8% YoY, also a 1.7% MoM drop.

Highlights include:

  • the average daily volume on equity index derivatives reached 239,501 contracts, up +2.9% compared to September 2018 and down -14.6% from the previous month,
  • the average daily volume on individual equity derivatives reached 319,149 contracts, down -0.6% compared to September 2018 and up +14.0% from the previous month,
  • the average daily volume on commodity derivatives reached 44,279 contracts, down -9.6% compared to September 2018 and down -24.1% from the previous month.
  • the average daily volume on Taylor-Made derivatives reached 8,820 contracts, down -57.2% compared to September 2018 and up +122.3% from the previous month.
  • Year-to-date, the overall average daily volume on Euronext derivatives stood at 598,836 contracts (-2.8% compared to 2018 YTD) and the open interest was at 18,613,058 contracts (-3.3% compared to the end of September 2018).

FX spot trading

The average daily volume on the spot foreign exchange market of Euronext FX, operating as a Euronext company since September 2017, stood at $19,112 million, up 2.5% compared to same period last year and down 14.3% MoM.

Listings

Euronext had two new listings last month from Italian apparel La Perla Fashion Holding and global Tech giant Prosus. Prosus’ arrival on Euronext marked the largest listing of a Technology company in Europe by market capitalisation (€95 billion at IPO), amplifying investors’ access to consumer technology stocks in Europe.

In addition, €1.3 billion was raised in follow-on equity. A total of €145.8 billion was raised on Euronext in bonds of which €1.8 billion of green bonds from Leasplan Corporation NV (€1 billion), Covivio (€500 million) and PostNL NV (€300 million).

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Euronext FX spot trading volume down 14% MoM

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