Euronext Releases May 2017 Metrics, Raises €633 million in New Listings

by Finance Magnates Staff
  • The pan-European exchange's May metrics point to YoY growth, as it raised €3.6 billion in corporate bonds and follow-on equity.
Euronext Releases May 2017 Metrics, Raises €633 million in New Listings
Bloomberg

Euronext, the all-European exchange, has announced its trading volumes for the month of May 2017. Though there were significant increases in several of the metrics in comparison to May 2016, there are some decreases when looking at the results published for April 2017. The average daily transaction value in the Euronext cash order book in May 2017 was at €8,471 million, an increase of 42.8 percent from May last year. On a month-on-month basis, there was a stable 0.2 percent growth from April 2017. The average daily transaction value in ETFs was estimated at €548 million, up 22.5 percent compared to May 2016, steady from the €549 million in April 2017, down 0.18 percent. The average daily volume of equities fell 18.1 percent from April 2017, but increased by 14.1 percent compared to May 2016. The average daily volumes for individual equity derivatives came to 260,315 contracts, up 39 percent from May last year. There was a decrease by 1.5 percent from April 2017. The average daily volume of commodities was 34,968 contracts, falling 10.1 percent compared to this time last year, and down another 42.7 percent compared to April this year. Year-to-Date, the total average daily volumes of Euronext derivatives was 531,605 contracts, up 1.6 percent from May last year. The open interest rate was estimated at 15,151,176 contracts, down 3.5 percent compared to May 2016. In May this year, Euronext raised €633 million from its new listings with Prodways Group in Paris and VolkerWessels in Amsterdam. An additional €1.6 billion had been raised in corporate bonds and €2 billion of follow-on equity in Euronext.

Recently, Finance Magnates reported Euronext's having acquired 90% of FastMatch for $153 million, an Electronic Communications Network (ECN) ) for Forex trading. Following the terms of the deal, FXCM Group is to sell its shares of the company for about $55.6 million.

Euronext, the all-European exchange, has announced its trading volumes for the month of May 2017. Though there were significant increases in several of the metrics in comparison to May 2016, there are some decreases when looking at the results published for April 2017. The average daily transaction value in the Euronext cash order book in May 2017 was at €8,471 million, an increase of 42.8 percent from May last year. On a month-on-month basis, there was a stable 0.2 percent growth from April 2017. The average daily transaction value in ETFs was estimated at €548 million, up 22.5 percent compared to May 2016, steady from the €549 million in April 2017, down 0.18 percent. The average daily volume of equities fell 18.1 percent from April 2017, but increased by 14.1 percent compared to May 2016. The average daily volumes for individual equity derivatives came to 260,315 contracts, up 39 percent from May last year. There was a decrease by 1.5 percent from April 2017. The average daily volume of commodities was 34,968 contracts, falling 10.1 percent compared to this time last year, and down another 42.7 percent compared to April this year. Year-to-Date, the total average daily volumes of Euronext derivatives was 531,605 contracts, up 1.6 percent from May last year. The open interest rate was estimated at 15,151,176 contracts, down 3.5 percent compared to May 2016. In May this year, Euronext raised €633 million from its new listings with Prodways Group in Paris and VolkerWessels in Amsterdam. An additional €1.6 billion had been raised in corporate bonds and €2 billion of follow-on equity in Euronext.

Recently, Finance Magnates reported Euronext's having acquired 90% of FastMatch for $153 million, an Electronic Communications Network (ECN) ) for Forex trading. Following the terms of the deal, FXCM Group is to sell its shares of the company for about $55.6 million.

About the Author: Finance Magnates Staff
Finance Magnates Staff
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About the Author: Finance Magnates Staff
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