Euronext’s Cash Order Book Loses Ground in February, Commodities Rise

Average daily cash orders fell -1.0% MoM to $9366 million in February, ending what had been a consecutive monthly advance

Euronext, Europe’s largest exchange, has disclosed its trading volumes for the month ending February 2016, which failed to capture the momentum seen this past January according to the statement.

During February, Euronext’s average daily cash orders withered to $9366 million (€8,588 million), having inched lower by -1.0% MoM from $9467 million (€8,682) in January 2016. The figure also snaps a consecutive monthly growth at Euronext after what was a lackluster Q4 in terms of cash order volume for the exchange. Across a yearly timeframe, February 2016’s volumes also constituted a growth of less than 4.1% YoY from February 2015.

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Another area that suffered from a stagnation or pullback during February 2016 was Euronext’s exchange-traded-funds (ETFs) – this was underpinned by an average daily transactional value yielding, $738.6 million (€677.0 million) for the month, justifying a MoM decline of -16.9% from $889.1 million (€815 million) in January 2016.

During the month ending February 2016, the average daily volume (ADV) on equity index derivatives also fell to 249,644 contracts, or -7.4% MoM from 269,592 contracts in January 2016 – this did correlate to an increase of over 10.5% YoY from February 2015 however.

Finally, in February 2016, the group’s ADV across commodities derivatives were the one departure from an otherwise lackluster month, as seen by a figure of 68,655 contracts, up a healthy 13.7% MoM from just 60,408 contracts in January 2016.

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