Euronext Experiences a Decline in FX Volumes of 12.9% during August 2021
- The decline in FX volumes represented a yearly decline of -12.5% from $397.84 billion witnessed in August 2020.
Euronext, a leading European trading venue operator, released its trading volume metrics for the month of August on Tuesday, highlighting a decline in the total Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volume for the period. According to the report, total Euronext FX volume plummeted -12.9% to $348.13 billion, which is down from the figure seen in July of $399.63 billion.
Additionally, it represented a yearly decline of -12.5% from $397.84 billion, which was witnessed in the same period last year. As a result, the average daily volume (ADV) for the forex market in August was $15.82 billion, which is down -12.9% from $18.16 billion posted in July. On a yearly basis, the ADV FX volume fell by -16.5% compared to $18.94 billion, which was the number registered in August 2020.
Moving into the derivatives market monthly activity, the total futures for August accounted for 5,193,125 lots, which is down -13.5% from the figure seen in the prior last month of 6,007,050 lots. Also, the total options were 7,442,808. This is another decline of -5.6% compared to July 2021, whose number was 7,885,920 lots.
In terms of average daily volume for both fronts, the total futures ADV was 236,051 lots for August. This is down -13.5% from the number seen in July of 273,048. Furthermore, total options ADV hit 338,309 lots for the period, which is up 17,3% on a yearly basis compared to August 2020, where the figure was 326,210 lots.
Recent Euronext Partnerships
In July, Euronext announced that it had begun collaborating with Early Metrics, a leading independent Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term ratings, valuations and analysis provider, to deploy free automated analytical reports about Small and Medium Enterprises (SMEs) in the technology sector listed on Euronext. The mentioned project will cover a total of 430 tech SMEs listed on the Euronext markets across Paris, Amsterdam, Brussels, Dublin, Oslo and Lisbon.
Euronext highlighted that the covered companies have a market cap of approximately €100 billion.
Euronext, a leading European trading venue operator, released its trading volume metrics for the month of August on Tuesday, highlighting a decline in the total Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volume for the period. According to the report, total Euronext FX volume plummeted -12.9% to $348.13 billion, which is down from the figure seen in July of $399.63 billion.
Additionally, it represented a yearly decline of -12.5% from $397.84 billion, which was witnessed in the same period last year. As a result, the average daily volume (ADV) for the forex market in August was $15.82 billion, which is down -12.9% from $18.16 billion posted in July. On a yearly basis, the ADV FX volume fell by -16.5% compared to $18.94 billion, which was the number registered in August 2020.
Moving into the derivatives market monthly activity, the total futures for August accounted for 5,193,125 lots, which is down -13.5% from the figure seen in the prior last month of 6,007,050 lots. Also, the total options were 7,442,808. This is another decline of -5.6% compared to July 2021, whose number was 7,885,920 lots.
In terms of average daily volume for both fronts, the total futures ADV was 236,051 lots for August. This is down -13.5% from the number seen in July of 273,048. Furthermore, total options ADV hit 338,309 lots for the period, which is up 17,3% on a yearly basis compared to August 2020, where the figure was 326,210 lots.
Recent Euronext Partnerships
In July, Euronext announced that it had begun collaborating with Early Metrics, a leading independent Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term ratings, valuations and analysis provider, to deploy free automated analytical reports about Small and Medium Enterprises (SMEs) in the technology sector listed on Euronext. The mentioned project will cover a total of 430 tech SMEs listed on the Euronext markets across Paris, Amsterdam, Brussels, Dublin, Oslo and Lisbon.
Euronext highlighted that the covered companies have a market cap of approximately €100 billion.