Euronext Reports May 2015 Volumes, ETFs and Derivatives Explode

Euronext's May volumes have illustrated growth in a number of key areas, namely ETFs, commodities, and equity derivatives.

Euronext, the largest exchange in Europe, has released its trading volumes for the month ending May 2015, according to a Euronext statement.

Last month, Euronext reported its Q1 2015 metrics, in which third party revenue increased to $146 million (€130 million) from $133 million (€118.7) in Q1 2014 (9.6%). YoY. Moreover, Euronext suffered a notable reduction in operational expenses excluding depreciation and amortization, measured at -8.8% YoY when compared with Q1 2014. Finally, the exchange reported an EBITDA margin of 52.2%.

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In particular, Euronext’s May 2015 average daily transaction value on the its cash order book stood at $8,931 million (€8,019 million), constituting a jump of 30% YoY from May 2014. In addition, monthly activity for its ETFs illustrated an even greater jump, yielding a transaction value of $611 million (€549 million), which was good for a 91% YoY surge from May 2014.

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Derivatives Focus

Across Euronext’s equity index derivatives, the average daily volume in May 2015 came in at 231,576 contracts, representing a growth of 11.4% YoY from May 2014 – however, the average daily volume on individual equity derivatives sunk to 213,911 contracts, or -21% YoY from May 2014.

May 2015 also saw steadfast activity amongst Euronext’s commodity derivatives, which was up 31.5% YoY when weighed against May 2014, with an average daily volume of 47,015 contracts traded for the month. Year-to-date (YTD) volume for 2015 has seen roughly 51,000 contracts, which is already 9% higher YoY when compared to 2014.

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