Exchange operator Euronext published its financial results for the third quarter of 2018 this Monday.
Data in those results indicates that the firm did, from a year-on-year perspective, reasonably well in the period lasting from the start of July to the end of September.
This year, Euronext reported total revenues of €150.9 million ($169.90 million) for its third quarter.
For the same period last year, the number was €128.7 million ($144.90 million), a difference of €22.2 million ($25.00 million) and a 17.2 percent year on year increase for the firm.
Earnings before interest, tax, depreciation, and amortization (EBITDA) increased to €87.8 million ($99.21 million) during the quarter, up from €69.5 million ($78.25 million) a year earlier.
Revenue growth was largely due to an uptick in cash trading and listing revenue.
New CFDs Now Available for SuperForex ClientsGo to article >>
Income from the former grew to €48.5 million ($48.61 million) in this year’s third quarter. That was a 9.2 percent increase on last year’s €44.4 million ($49.99 million).
Listing income remained smaller, in monetary terms than cash trading but – in percentage terms – it was larger.
For the third quarter of last year, Euronext generated a total of €20.2 million ($22.74 million) from listing services.
This year that number grew by just under 40 percent to €27.8 million.
According to the exchange operator, that growth stemmed largely from the €137 million ($154.25 million) acquisition of the Irish Stock Exchange – now called Euronext Dublin – in March of this year.
FastMatch – an Electronic Communication Network (ECN) for exchange trading and another recent acquisition – also injected some extra cash into Euronext’s coffers.
The company’s results indicate that the ECN operator brought in €5.4 million ($6.08 million) for the third quarter of this year.