Euronext Reports €249.2 Million Revenue in Q1 2021
- The operator has completed the acquisition of the Borsa Italiana Group.
Euronext, a leading European trading venue operator, announced its financial results for the first quarter of 2021 today. The operator reported €249.2 million in revenues during the first three months of 2021, which is a jump of 5% compared to the same period in 2020.
According to an official announcement, Euronext completed the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of the Borsa Italiana Group for the final consideration of €4,444 million following the satisfaction of all conditions. In November 2020, the operator received approval from shareholders for the acquisition of the Borsa Italiana Group.
Euronext reported a dip in Spot FX trading revenues during the first three months of 2021. The overall revenue related to Spot FX trading reached €6.1 million in Q1 of 2021, which is down 24.5% compared to the same period in 2020.
Commenting on the latest results and the completion of the acquisition, Stephane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said: “Today marks a new chapter in the history of Euronext and of European capital markets. With the completion of the acquisition of the Borsa Italiana Group, Euronext delivers on its ambition to build the leading pan-European market infrastructure, connecting local economies to global capital markets, for the benefit of all market participants across Euronext’s markets. Even though Q1 2020 was an exceptional quarter in many respects, we continued to see during Q1 2021 the benefits of our diversification strategy as well as of the structural market dynamics of 2020.”
Borsa Italiana Group
Euronext mentioned that the recent acquisition of the Borsa Italiana Group will facilitate customers of both the companies. Additionally, the operator highlighted a significant financial impact of the recent acquisition.
“Euronext increases its business diversification with new capabilities in fixed income trading and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, as well as consolidation of a significant CSD. This transaction strengthens Euronext’s profile and enhances its strategic prospects for future growth,” Boujnah added.
In March 2021, the operator posted a strong jump in foreign exchange (FX) volumes.
Euronext, a leading European trading venue operator, announced its financial results for the first quarter of 2021 today. The operator reported €249.2 million in revenues during the first three months of 2021, which is a jump of 5% compared to the same period in 2020.
According to an official announcement, Euronext completed the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of the Borsa Italiana Group for the final consideration of €4,444 million following the satisfaction of all conditions. In November 2020, the operator received approval from shareholders for the acquisition of the Borsa Italiana Group.
Euronext reported a dip in Spot FX trading revenues during the first three months of 2021. The overall revenue related to Spot FX trading reached €6.1 million in Q1 of 2021, which is down 24.5% compared to the same period in 2020.
Commenting on the latest results and the completion of the acquisition, Stephane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said: “Today marks a new chapter in the history of Euronext and of European capital markets. With the completion of the acquisition of the Borsa Italiana Group, Euronext delivers on its ambition to build the leading pan-European market infrastructure, connecting local economies to global capital markets, for the benefit of all market participants across Euronext’s markets. Even though Q1 2020 was an exceptional quarter in many respects, we continued to see during Q1 2021 the benefits of our diversification strategy as well as of the structural market dynamics of 2020.”
Borsa Italiana Group
Euronext mentioned that the recent acquisition of the Borsa Italiana Group will facilitate customers of both the companies. Additionally, the operator highlighted a significant financial impact of the recent acquisition.
“Euronext increases its business diversification with new capabilities in fixed income trading and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term, as well as consolidation of a significant CSD. This transaction strengthens Euronext’s profile and enhances its strategic prospects for future growth,” Boujnah added.
In March 2021, the operator posted a strong jump in foreign exchange (FX) volumes.