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Euronext's Volume Losses Mount as March Order Book Dwindles

by Jeff Patterson
  • Euronext's cash order book took a tumble during March, followed by commodities and ETF volumes.
Euronext's Volume Losses Mount as March Order Book Dwindles
Bloomberg
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Euronext, Europe’s largest Exchange , has reported its trading volumes for the month ending March 2016, continuing a monthly downtrend in its cash order book in what looked to be a month to forget.

During March 2016, Euronext’s average daily cash orders fell for a second consecutive month to $8,670 million (€7,633 million), having moved lower by-11.1 MoM from $9,756 million (€8,588 million) in February 2016. The latest order book figures at Euronext now have firmly resumed what had been a lackluster Q4 in terms of volumes for the exchange. Across a yearly timetable, March 2016’s volumes were even weaker, registering a larger loss of –16.3% YoY from March 2015.

Another area that did poorly at Euronext was its exchange-traded-funds (ETFs) during March 2016 – after a lackluster month prior, ETFs could not secure any level of growth, falling to $700.9 million (€617.0 million) for the month, justifying a MoM decline of -8.8% from $768.9 million (€677 million) in February 2016. However, compared to last year, Euronext’s ETFs scored a small growth of 1.2% YoY from March 2015.

Moving to Euronext’s average daily volume (ADV) across its equity index derivatives, March 2016 saw a rise to 253,399 contracts, or 1.5% growth MoM from 249,644 contracts in February 2016 – this did also reflect a move of 3.2% YoY from March 2015 however.

Finally, in March 2016, the group’s ADV across commodities derivatives were also pointed lower, as highlighted by a figure of 60,988 contracts, down -11.2% MoM from just 68,655 contracts in February 2016.

Euronext recently made headlines after its Lisbon group appointed a new Chief Executive Officer (CEO), adding Maria João Borges Carioca Rodrigues as the head of the group’s Lisbon operations, who is slated to join the exchange in Q2 2016.

Euronext, Europe’s largest Exchange , has reported its trading volumes for the month ending March 2016, continuing a monthly downtrend in its cash order book in what looked to be a month to forget.

During March 2016, Euronext’s average daily cash orders fell for a second consecutive month to $8,670 million (€7,633 million), having moved lower by-11.1 MoM from $9,756 million (€8,588 million) in February 2016. The latest order book figures at Euronext now have firmly resumed what had been a lackluster Q4 in terms of volumes for the exchange. Across a yearly timetable, March 2016’s volumes were even weaker, registering a larger loss of –16.3% YoY from March 2015.

Another area that did poorly at Euronext was its exchange-traded-funds (ETFs) during March 2016 – after a lackluster month prior, ETFs could not secure any level of growth, falling to $700.9 million (€617.0 million) for the month, justifying a MoM decline of -8.8% from $768.9 million (€677 million) in February 2016. However, compared to last year, Euronext’s ETFs scored a small growth of 1.2% YoY from March 2015.

Moving to Euronext’s average daily volume (ADV) across its equity index derivatives, March 2016 saw a rise to 253,399 contracts, or 1.5% growth MoM from 249,644 contracts in February 2016 – this did also reflect a move of 3.2% YoY from March 2015 however.

Finally, in March 2016, the group’s ADV across commodities derivatives were also pointed lower, as highlighted by a figure of 60,988 contracts, down -11.2% MoM from just 68,655 contracts in February 2016.

Euronext recently made headlines after its Lisbon group appointed a new Chief Executive Officer (CEO), adding Maria João Borges Carioca Rodrigues as the head of the group’s Lisbon operations, who is slated to join the exchange in Q2 2016.

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