Euronext’s November Jump as Volatility Returns to Markets

With more actively traded markets, Euronext secured sizable gains across all of its market volumes.

Euronext, one of Europe’s largest exchange, has reported its total trading volumes for the month ending November 2016, having benefited from an uptick in volatility that helped propel the group’s metrics to recent highs, according to a Euronext report.

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November was characterized by a major event for global markets, the US Presidential election. The unexpected result initially convulsed markets, only to see a massive rebound during overnight trading in the US and Europe.

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In particular, during November 2016, Euronext’s average daily cash orders came in at $7,873 million (€7,334 million), jumping 15.9% MoM from $6,789 million (€6,328 million) in October 2016. The latest order book figures in November at Euronext also snapped a recent stagnation in volumes, which had enveloped Euronext in October. A recent strong performance in volumes was also emblematic of a larger industry trend, which capitalized off of more widespread volatility.

Volumes See Sizable Boost

Excluding a rather tranquil October, September and November have each proved to be very active months for Euronext. Across other segments at Euronext in November 2016, which included its exchange-traded-funds (ETFs), the exchange reported a volume of $663.0 million (€618.0 million) from $452.0 million (€421.0 million) just one month ago, or 46.8% MoM. Compared to 2015 however, November 2016’s performance was slightly lower, coming in at -2.8% YoY.

Euronext’s equity index derivatives also were higher in November 2016, justifying a figure of 235,942 contracts for the month – this correlated to a rise of 16.7% MoM from 202,246 contracts in October 2016. Additionally, ADV of individual equity derivatives grew to 255,622 in November 2016 vs. 207,184 contracts in the month prior or 23.4% MoM from October 2016.

Finally, with precious metal prices seeing wide movements throughout the month on risk averse trading, Euronext saw a large boost in its commodities volumes for November 2016. Higher trading volumes helped kindle the exchange’s ADV across commodities derivatives, which came in at 51,542 contracts for November 2016, or 5.7% MoM from just 48,740 contracts in October 2016.

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