Euronext Volumes Suffer Decline MoM in July 2017

Precious metal products recorded notable advances in volumes over the past month.

Euronext, the first pan-European exchange, today announced its trading volumes and metrics for July 2017, which incurred a month-over-month decline, but managed to secure sizable growth over last year’s metrics.

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During July 2017, the exchange’s volumes, which span Belgium, France, the Netherlands, Portugal and the UK, were unable to build on consecutive monthly growth, despite seeing an upward trending movement in recent months.

Euronext’s average daily cash orders came in at €7,454 million ($8,762 million), down 9.6 percent month-over-month from June 2017. This reading was however higher over a yearly timeframe, rising by 20.4 percent year-over-year from July 2016.

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In terms of other segments at Euronext, the group’s exchange-traded-funds (ETFs) were unable to register growth in trading activity during July 2017. This segment fell to €466 million ($547.7 million) in July 2017, down 2.5 percent from one year ago, but gained 12.6 percent month-over-month.

Euronext’s equity index derivatives also retreated in July 2017, a decline to 223,492 contracts, or 9.7 percent lower month-over-month. Additionally, the ADV of individual equity derivatives were pointed lower in July 2017 to 203,766, down 56.1 percent lower month-over-month.

Looking at these figures relative to the year prior, July 2017’s performance was much better, ticking up 24.9 percent and 1.7 percent year-over-year from July 2016.

Finally, precious metal products recorded notable advances in its volumes over the past month. Euronext saw its ADV in its commodities derivatives come in at 70,321 contracts for July 2017, or 5.7 percent higher over last year and up 23.2 percent from the previous month.

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