European Exchange Euronext Cashes in on Festive Trading Session with $19 Bln in Value

Financial traders welcomed the recent boost in financial markets as they enter the last trading session of the year. With

Euronext logoFinancial traders welcomed the recent boost in financial markets as they enter the last trading session of the year. With major indices catching onto the Santa-rally-leading European trading venue, Euronext reported strong trading metrics on the 19th of December. The exchange saw the daily value of transactions exceed 19 billion dollars, a figure last seen in 2011.

Euronext, a pan-European exchange in the Eurozone that was established in the year 2000, benefited from an outburst in trading volumes across its products. The venue announced that the 19th of December 2014, was its most active day in terms of trading in 2014 and the most active day on its market since March 2011. The venue saw a total value of $19.45 billion executed across all its cash products; equities; ETFs; warrants and certificates; and bonds.

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Danielle Ballardie, pictured, head of Cash Markets at Euronext, commented in a statement: “We are delighted to see our cash markets producing such strong trading figures.  This demonstrates the positive impact of the reinvigoration of Euronext’s cash business during 2014.

“We will continue to optimize our business in 2015 and drive real innovation through consultation with members to offer superior market quality and to help market participants prepare for MiFID II.”

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6f75589dd98ab69f2d4817b55e22a335_DanielleBallardieOn Friday the 19th, the CAC 40, one of Euronext’s key benchmark indices, reached an intraday high of 4,288.

The latest figures follow on from the exchange’s recent triumph in its wheat commodities offering. On the 16th of December, the venue reported that its commodities franchise achieved a second lifetime record of daily volumes in the same month in milling-wheat futures, with 92,531 contracts traded.

Milling-wheat-futures volume represented over 4.6 million tons on the 16th of December 2014. The previous record was set on December 2nd, 2014 with 88,194 contracts or 4.4 million tons traded.

The Toronto Stock Exchange also reported strong metrics for the 19th of December with over 1.5 billion in transactions executed.

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