Euronext Sees MoM Decline in Trading Volumes This June

Trading volumes were up from June 2017 but were lackluster compared to this May.

Euronext, the pan-European exchange, announced its trading volumes for June 2018 on Thursday. When compared to June 2017, the exchange posted overall stronger results, however, the figures were mostly lower than volumes experienced in May this year.

In June 2018, on the Euronext cash order book, the average daily transaction was €8,822.3 million. This is an increase of 2.1 percent compared to June 2017, and up 3.5 percent from the previous month. On the same order book, in the first six months of this year, the daily average was €8,566.2 million, up 8.9 percent compared to last year.

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Daily Volume Declines

The ETF order book’s daily average transaction in June was also up 8% year-on-year, coming in at €248 million. However, this was a decline of 9.3 percent from May’s figures. By the end of the month, 25 ETFs had been listed on Euronext since the end of 2017. As of the end of June, 1,073 ETFs were listed on the exchange.

Derivatives trading on the exchange also showed mixed results for June, however, overall the daily volume was down 24.3 percent year-on-year and 9.7 percent month-on-month. Equity index derivatives reached a daily average of 243,353 contracts. Although this was down 1.7 percent when compared to June 2017, it was a gain of 9.5 percent from May’s volumes.

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Commodities derivatives saw a daily average of 62,276 contracts. Echoing the trend, this was up compared to June 2017 volumes, but 1.9 percent lower than May 2018.

Looking at the spot foreign exchange market of FastMatch, which has been operating as a Euronext company since August 2017, daily average volumes were up by 13 percent year-on-year. However, unsurprisingly, the results were still 1.5 percent lower than the previous month.

From May 2017 to June 2017, Amsterdam-based equity derivatives trading venue TOM transferred its open interest positions to the Euronext exchange after it failed to find a strategic partner. As a result, the total equity and index options contracts were 5.6 million in June last year. In Thursday’s report, the average daily volume for June 2018 on Euronext derivatives was 598,111 contracts. This is a 4.4 percent gain year-on-year and open interest was up at 17,918,034 contracts, a 15.5 percent gain year on year.

Growth of listings

Listings also increased in June 2018. During the previous month, the exchange added seven new listings. Together, they raised €1,067 million. €58.7 billion was also raised on Euronext in bonds. Of this, €2.3 billion was in five green bonds and €4.1 billion was raised in follow-on equity.

As of the end of June 2018, Euronext has nearly 1,300 listed users worth close to €3.9 trillion in market capitalization. The total product offering of the European derivatives and equities exchange offers: Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities, and Indices. The exchange also operates Euronext GrowthTM (formerly known as Alternext) and Euronext AccessTM (previously named the Free Market).

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